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Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2012
Shareholders' Equity  
Schedule of restricted share activity

 

 

 

Number

 

Weighted
Average Grant
Date Fair Value

 

Nonvested at December 31, 2011

 

405,667

 

$

3.62

 

Granted

 

177,437

 

6.49

 

Vested

 

(63,667

)

3.30

 

Forfeited

 

 

 

Nonvested at June 30, 2012

 

519,437

 

$

4.64

Summary of stock option activity

 

 

 

Options
Outstanding

 

Weighted
Average
Exercise Price

 

Aggregate
Intrinsic Value
(in-the-money
options)

 

Weighted Average
Remaining
Contractual Life

(in years)

 

Outstanding at January 1, 2012

 

1,786,500

 

$

2.52

 

 

 

 

 

Granted

 

197,500

 

6.55

 

 

 

 

 

Exercised

 

(333,700

)

2.44

 

 

 

 

 

Forfeited or expired

 

(129,900

)

2.80

 

 

 

 

 

Outstanding at June 30, 2012

 

1,520,400

 

$

3.05

 

$

4,990,998

 

6.04

Schedule of weighted-average assumptions used to estimate fair value of each stock option grant

 

 

 

Quarter Ended

 

Six Months Ended

 

 

 

June 30,
2012

 

June 25,
2011

 

June 30,
2012

 

June 25,
2011

 

Expected dividend yield (%)

 

0

 

0

 

0

 

0

 

Expected volatility (%)

 

56

 

58

 

56-58

 

58

 

Risk-free interest rate (%)

 

1.7

 

3.2

 

1.7 - 3.5

 

3.2 - 3.5

 

Expected life (years)

 

5.5-6.5

 

6.5

 

5.5-6.5

 

6.5