Stockholders' Equity

12 Months Ended

Dec. 31, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 17.  Stockholders' Equity

Capital Stock

     The Company's authorized capital stock consists of 100 million shares of common stock, par value $0.10 per share, of which 34,949,620 shares and 35,271,981 shares were outstanding at December 31, 2012 and 2011, respectively, and 1,000,000 shares of preferred stock, none of which were issued and outstanding.

     On November 14, 2012, the Company's Board of Directors approved a two-for-one stock split of the Company's outstanding common stock in the form of a 100-percent stock distribution payable on December 11, 2012 to shareholders of record on November 27, 2012.  The stock split resulted in an increase of 17.6 million shares of common stock outstanding.  Treasury shares were not affected by the stock split.

Cash Dividends

     Cash dividends of $4.4 million or $0.125 per common share were paid during 2012. In January 2013, a cash dividend of approximately $1.8 million or $0.05 per share, was declared, payable in the first quarter of 2013.

Stock Award and Incentive Plan

     The Company has adopted its 2001 Stock Award and Incentive Plan (the "Plan"), which provides for grants of incentive and non-qualified stock options, stock appreciation rights, stock awards or performance unit awards. The Plan is administered by the Compensation Committee of the Board of Directors. Stock options granted under the Plan have a term not in excess of ten years. The exercise price for stock options will not be less than the fair market value of the common stock on the date of the grant, and each award of stock options will vest ratably over a specified period, generally three years.

     The following table summarizes stock option and restricted stock activity for the Plan:

			Stock Options					Restricted Stock
	Shares Available for Grant			Shares			Weighted Average Exercise Price Per Share ($)		Shares			Weighted Average Exercise Price Per Share ($)
Balance  January 1, 2010	2,068,250			1,575,060		$	26.27		377,436		$	25.08
Granted	(438,920	)		282,280			24.56		156,640			24.57
Exercised/vested	--			(63,394	)		22.44		(118,174	)		27.22
Canceled	269,248			(153,886	)		27.21		(115,362	)		26.06
Balance December 31, 2010	1,898,578			1,640,060			27.05		300,540			23.60
Granted	(381,624	)		244,646			32.06		136,978			32.08
Exercised/vested	--			(241,196	)		25.01		(94,246	)		31.99
Canceled	160,784			(69,536	)		26.80		(91,248	)		30.22
Balance December 31, 2011	1,677,738			1,573,974			27.10		252,024			27.21
Granted	(345,696	)		222,250			32.04		123,446			32.04
Exercised/vested	--			(330,158	)		25.15		(102,424	)		25.90
Canceled	159,932			(70,546	)		27.76		(89,386	)		27.08
Balance December 31, 2012	1,491,974			1,395,520			28.31		183,660			31.25