Stock Compensation

9 Months Ended

Sep. 30, 2011

Stock Compensation

Stock Compensation

8.  Stock Compensation

For the three and nine months ended September 30, 2011, the Company incurred stock compensation expense of $848 and $2,711, respectively. The allocation of stock compensation expense is consistent with the allocation of the participants’ salaries and other compensation expenses.

At September 30, 2011, options for 589 shares and 310 restricted shares have been granted but have not yet vested.

Compensation expense related to unvested options and restricted shares will be recognized in the following years:

2011 (three months)	$	916
2012	2,278
2013	1,183
2014	94
	$	4,471