Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.0.6
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Unrecognized Share-Based Compensation Expense

As of March 31, 2013, unrecognized share-based compensation expense was as follows:

 

    Unrecognized
Expense		     Average Expected
Recognition
Period
    (In Thousands)

Stock Option Awards

   $ 849      2.7 years

Restricted Stock Awards

     44      1.0 years
 

 

 

    

Total Unrecognized Share-Based Compensation Expense

   $ 893      2.6 years
 

 

 

    
Share-Based Payment Award Activity

The table below provides stock option information for the three months ended March 31, 2013:

 

     Number of
Shares		     Weighted-
Average
Exercise
Price Per
Share		      Weighted
Average
Remaining
Contractual
Life		      Aggregate
Intrinsic
Value of
In-the-
Money
Options		  
     (Dollars in Thousands, Except Per Share Data)  

Options Outstanding at Beginning of Period

      342,950      $ 37.44         8.0 years       $ 359  (1) 

Options Exercised

      (1,679 )    $ 12.54         9.7 years      

Options Forfeited

      (5,251 )    $ 12.54         9.7 years      

Options Expired

      (700 )    $ 120.96         1.7 years      
  

 

 

          

Options Outstanding at End of Period

      335,320      $ 37.78         7.7 years       $ 721  (2) 
  

 

 

          

Options Exercisable at End of Period

      163,632      $ 64.38         5.9 years       $ 364  (2) 

 

(1) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $13.59 as of December 31, 2012, over the exercise price, multiplied by the number of options.
(2) Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $16.00 as of March 28, 2013, over the exercise price, multiplied by the number of options.
Schedule of Restricted Stock Awards

The table below provides information for restricted stock awards for the three months ended March 31, 2013:

           Weighted-  
           Average  
           Grant Date  
     Number of     Fair Value  
     Shares     Per Share  

Restricted Stock at Beginning of Period

      10,500      $ 10.83   

Restricted Stock Vested

      (2,500 )    $ 10.40   
  

 

 

    

Restricted Stock at End of Period

      8,000      $ 10.97