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Equity-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Equity-Based Compensation Plans Tables  
Schedule of option pricing assumptions

    2012
Expected dividend yield   3.28%
Risk-free interest rate   1.64%
Expected life   10 years
Expected volatility   41.82%

 

Schedule of Company's stock options outstanding

The following table presents information regarding the activity since December 31, 2009 related to all of the Company’s stock options outstanding:

 

   Options Outstanding 
   Number of
Shares
   Weighted-
Average
Exercise
Price
   Weighted-
Average
Contractual
Term (years)
   Aggregate
Intrinsic
Value
 
                 
Balance at December 31, 2009   753,100   $17.73           
                     
   Granted                  
   Exercised   (18,667)   10.46        $97,940 
   Forfeited   (87,536)   16.53           
   Expired   (4,500)   15.69           
                     
Balance at December 31, 2010   642,397   $18.11           
                     
   Granted                  
   Exercised   (2,300)   13.30        $6,949 
   Forfeited                  
   Expired   (146,247)   15.47           
                     
Balance at December 31, 2011   493,850   $18.92           
                     
   Granted   75,000    9.76           
   Exercised                  
   Forfeited                  
   Expired   (47,237)   16.70           
                     
Outstanding at December 31, 2012   521,613   $17.80    3.9   $218,625 
                     
Exercisable at December 31, 2012   445,613   $19.15    2.9   $ 

  

Schedule of information about the stock options outstanding

The following table summarizes information about the stock options outstanding at December 31, 2012:

 

   Options Outstanding   Options Exercisable 

 

 

Range of

Exercise Prices

  Number
Outstanding
at 12/31/12
   Weighted-
Average
Remaining
Contractual Life
   Weighted-
Average
Exercise
Price
   Number
Exercisable
at 12/31/12
   Weighted-
Average
Exercise
Price
 
                     
$8.85 to $11.06   75,000    9.7   $9.76       $ 
$11.06 to $13.27                    
$13.27 to $15.48   27,000    6.4    14.35    27,000    14.35 
$15.48 to $17.70   164,384    3.7    16.61    164,384    16.61 
$17.70 to $19.91   56,250    2.7    19.65    56,250    19.65 
$19.91 to $22.12   198,979    1.9    21.76    197,979    21.77 
    521,613    3.9   $17.80    445,613   $19.15 

 

Schedule of outstanding restricted stock

The following table presents information regarding the activity during 2010, 2011, and 2012 related to the Company’s outstanding performance units and restricted stock:

 

   Nonvested Performance Units   Long-Term Restricted Stock 

 

 

 

 

  Number of
Units
   Weighted-
Average
Grant-Date
Fair Value
   Number of
Units
   Weighted-
Average
Grant-Date
Fair Value
 
                 
Nonvested at December 31, 2009   54,225   $16.53    29,267   $13.59 
                     
Granted during the period                
Vested during the period                
Forfeited or expired during the period   (27,112)   16.53         
                     
Nonvested at December 31, 2010   27,113   $16.53    29,267   $13.59 
                     
Granted during the period           7,259    14.54 
Vested during the period   (27,022)   16.53    (29,267)   13.59 
Forfeited or expired during the period   (91)   16.53         
                     
Nonvested at December 31, 2011      $    7,259   $14.54 
                     
Granted during the period           49,559   $9.99 
Vested during the period                
Forfeited or expired during the period           (2,474)   12.55 
                     
Nonvested at December 31, 2012      $    54,344   $10.48