Annual report pursuant to Section 13 and 15(d)

CAPITAL TRANSACTIONS (Tables)

v2.4.0.8
CAPITAL TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2013
CAPITAL TRANSACTIONS  
Summary of repurchases of common shares

The following is a summary of our repurchases of common shares during the year ended December 31, 2013:

 

Period

 

Number of
Shares

 

Average
Price Paid per Share

 

Program Balance Used
for Repurchases

 

July 1 — September 30, 2013

 

108

 

$

18.06

 

$

1,945

 

October 1 — December 31, 2013

 

32

 

18.44

 

601

 

 

 

140

 

$

18.14

 

$

2,546

 
Schedule of stock option activity

 

 

 

 

Number of
Shares (in
thousands)

 

Weighted Average Exercise
Price Per Share

 

Options outstanding at January 1, 2011

 

859

 

$

9.20

 

Granted

 

630

 

10.84

 

Forfeited or canceled

 

(79

)

9.64

 

Exercised

 

(36

)

11.08

 

Options outstanding at December 31, 2011

 

1,374

 

9.88

 

Granted

 

686

 

15.11

 

Forfeited or canceled

 

(35

)

13.60

 

Exercised

 

(241

)

9.95

 

Options outstanding at December 31, 2012

 

1,784

 

11.81

 

Granted

 

832

 

15.85

 

Forfeited or canceled

 

(184

)

13.65

 

Exercised

 

(506

)

8.56

 

Options outstanding at December 31, 2013

 

1,926

 

$

12.54

 
Schedule of weighted-average assumptions using Black-Scholes option-pricing model for estimating fair value of each option granted

 

 

 

 

2013

 

2012

 

2011

 

Weighted average grant date fair value of grants

 

$

6.55

 

$

7.21

 

$

5.13

 

Expected life (in years)

 

5.0 to 6.0

 

4.0 to 6.0

 

3.0 to 4.0

 

Risk-free interest rate

 

0.6 to 1.5

 

0.3 to 0.9

 

0.7 to 1.2

 

Expected volatility

 

55.9 to 58.2

 

58.5 to 66.0

 

49.0 to 67.7

 

Dividend yield

 

2.1 to 2.7

 

0.0 to 1.3

 

0.0

 
Summary of options outstanding and exercisable

The following table summarizes information about options outstanding and exercisable at December 31, 2013.

 

 

 

Options Outstanding

 

Options Exercisable

 

Range of Option
Prices Per Share

 

Options
Outstanding

 

Weighted-Avg.
Remaining
Contractual Life

 

Weighted-Avg.
Exercise Price
Per Share

 

Options
Exercisable

 

Weighted-Avg.
Remaining
Contractual Life

 

Weighted-Avg.
Exercise Price
Per Share

 

$3.85 to $9.99

 

456

 

6.5

 

$

6.93

 

456

 

6.5

 

$

6.93

 

$10.00 to $13.99

 

986

 

8.6

 

13.41

 

285

 

7.8

 

13.39

 

$14.00 to $19.20

 

484

 

9.0

 

16.06

 

97

 

6.0

 

15.26

 

 

 

1,926

 

8.2

 

$

12.59

 

838

 

7.2

 

$

10.09

 
Schedule of restricted stock unit activity

 

 

 

 

Number of
Shares

 

Weighted Average
Grant Date
Fair Value

 

Units outstanding at January 1, 2012

 

—

 

$

—

 

Granted

 

18

 

12.07

 

Issued

 

—

 

—

 

Forfeited

 

—

 

—

 

Units outstanding at December 31, 2012

 

18

 

12.07

 

Granted

 

17

 

12.90

 

Issued

 

(3

)

12.07

 

Forfeited

 

—

 

—

 

Units outstanding at December 31, 2013

 

32

 

12.47