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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Company Estimated Grant-date Fair Value of Stock Options Granted Using Black-Scholes Option Valuation Model

The Company estimated the grant-date fair value of stock options granted using the Black-Scholes option valuation model with the following assumptions:

 

     2011  

Expected dividend yield

     0.0%   

Expected volatility

     47.2%   

Risk-free interest rate

     2.4%-2.9%   

Expected life

     6.5 years       
Summary of Stock-based Compensation Expense

Stock-based compensation expense is summarized as follows:

 

     Years Ended December 31,  
     2012      2011      2010  
($ in thousands)                     

Stock-based compensation expense

   $ 6,927       $ 5,625       $ 3,894   
Summary of Stock Option Activity

Stock option activity for the year ended December 31, 2012 is summarized as follows:

 

     Number
of shares
    Weighted
Average
Exercise Price
 

Outstanding at December 31, 2011

     352,942      $ 20.21   

Granted

     —        $ —     

Exercised

     (130,304   $ 20.23   

Forfeited

     (2,289   $ 37.01   
  

 

 

   

Outstanding at December 31, 2012

     220,349      $ 20.03   
  

 

 

   

Vested and exercisable at December 31, 2012

     195,380      $ 18.31   

Options expected to vest at December 31, 2012

     21,985      $ 33.49   
Summary of Restricted Stock Units Activity

RSU activity for the year ended December 31, 2012 is summarized as follows:

 

     Number
of shares
    Weighted
Average
Grant Date
Fair Value
 

Outstanding at December 31, 2011

     576,704      $ 24.16   

Granted

     102,531      $ 81.47   

Forfeited

     (4,907   $ 50.12   

Settled

     (382,271   $ 13.52   
  

 

 

   

Outstanding at December 31, 2012

     292,057      $ 57.89