Share-based compensation

6 Months Ended

Jun. 30, 2013

15.

Share-based compensation

During the three and six months ended June 30, 2013, the Company granted 527,445 and 571,445 options, respectively, and 601,445 and 723,062 stock awards, respectively. During the three and six months ended June 30, 2012, the Company granted 462,000 and 502,000 options, respectively, and 643,750 and 688,750 stock awards, respectively.

Share-based compensation expense recorded in income from operations during the three and six months ended June 30, 2013 and 2012 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Share-based compensation recorded in
Cost of revenues	$	1,441	$	850	$	2,778	$	1,541
Selling, general and administrative expense		1,799		1,813		3,587		3,934

	$	3,240	$	2,663	$	6,365	$	5,475

During the three and six months ended June 30, 2013, the Company issued 0.0 million and 0.3 million shares, respectively, upon exercise of stock options and awards. During the three and six months ended June 30, 2012, the Company issued 0.3 million and 0.5 million shares, respectively, upon exercise of stock options and awards.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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