5. Stock Options, Restricted Stock and Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

Our share-based compensation expense was as follows ($ in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Share-based compensation expense	$	278	$	167	$	500	$	315

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Our stock option activity has been as follows:

				Weighted
				Average		Weighted Average		Aggregate
				Exercise		Remaining		Intrinsic
	Number of			Price		Contractual		Value
	Shares			Per Share		Term in Years		(000's)
Outstanding at December 31, 2015		2,091,325		$	2.45		6.09	$	3,277
Granted		985,300		$	3.58
Forfeited		(264,205	)	$	3.20
Exercised		(121,115	)	$	2.14
Outstanding at June 30, 2016		2,691,305		$	2.80		6.24	$	2,486
Exercisable at June 30, 2016		1,434,000		$	2.28		3.52	$	2,072

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

Additional information about our stock options is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Weighted average fair value of options granted	$	1.58	$	1.41	$	1.63	$	1.38
Intrinsic value of options exercised	$	110,709	$	25,842	$	182,454	$	280,958
Cash received from stock options exercised	$	137,130	$	28,408	$	258,801	$	317,974
Number of options that vested		72,480		50,880		266,346		181,534
Fair value of options that vested	$	117,328	$	49,182	$	376,313	$	199,296
Unrecognized compensation expense related to non-vested options at end of period	$	1,693,228	$	814,783	$	1,693,228	$	814,783
Weighted average years over which non-vested option expense will be recognized		2.46		2.17		2.46		2.17

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

As of June 30, 2016
				Options Outstanding				Options Exercisable
				Weighted
				Average		Weighted				Weighted
		Underlying		Remaining		Average		Number of		Average
Range of		Shares		Contractual		Exercise		Underlying		Exercise
Exercise Prices		Outstanding		Life		Price		Shares		Price
$	0.85 - $1.43		185,100		3.29	$	1.15		185,100	$	1.15
$	1.47 - $2.32		652,205		4.14	$	1.83		618,925	$	1.84
$	2.34 - $3.52		1,389,350		7.21	$	3.13		499,975	$	2.78
$	3.53 - $4.21		463,000		7.44	$	3.85		130,000	$	4.10
Total options			2,689,655						1,434,000

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

We used the following assumptions to determine compensation expense for our stock options using the Black-Scholes option-pricing model:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Expected volatility		54	%		57	%		55	%		57	%
Expected annual dividend yield		1.50	%		2.40	%		1.50	%		2.40	%
Risk free rate of return		1.38	%		1.58	%		1.48	%		1.58	%
Expected option term (years)		6.00			6.00			6.00			6.00

Nonvested Restricted Stock Shares Activity [Table Text Block]

Our restricted stock awards activity has been as follows:

						Total
				Grant Date		Fair Value of
	Number of			Fair Value		Shares That
	Shares			Per Share		Vested
Restricted Shares Outstanding at December 31, 2015		80,000		$	3.34
Shares granted with restrictions		80,000		$	3.31
Shares vested and restrictions removed		(80,000	)	$	3.34	$	276,000
Restricted Shares Outstanding at June 30, 2016		80,000		$	3.31
Unrecognized compensation expense for non-vested shares as of June 30, 2016
Expense to be recognized in future periods	$	223,561
Weighted average number of months over which expense is expected to be recognized		10.20