XML 45 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCK-BASED COMPENSATION Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Restricted Stock Quantity and Vesting Conditions [Table Text Block]
A summary of the quantity and vesting conditions for stock-based awards granted to the Company's employees for the three months ended March 31, 2014 was as follows:
Vesting conditions
 
Number of Shares of Restricted Stock Granted
Vest 100% on the third anniversary of the grant date with service conditions only
 
5,000
Schedule of stock-based compensation expense
For the three months ended March 31, 2014 and 2013, the Company’s stock-based compensation expense related to stock options, restricted stock and restricted stock units was as follows: 

 
 
Three Months Ended March 31,
 
 
2014
 
2013
Stock options
 
$
57

 
$
144

Restricted stock
 
409

 
480

Restricted stock units
 
30

 
50

Total
 
$
496

 
$
674
Changes in stock options
Changes in the Company’s stock options for the three months ended March 31, 2014 and 2013 were as follows: 

 
Three Months Ended March 31,
 
2014
 
2013
 
Number of
Options
 
Weighted
Average
Exercise Price
per Share
 
Number of
Options
 
Weighted
Average
Exercise Price
per Share
Options outstanding at January 1,
800,350

 
$
9.15

 
1,238,650

 
$
11.21

Expired/forfeited
(14,050
)
 
13.64

 
(12,700
)
 
13.11

Options outstanding at March 31,
786,300

 
9.07

 
1,225,950

 
11.19

Options exercisable at March 31,
586,300

 
$
10.40

 
825,950

 
$
14.11
Changes in restricted stock
Changes in the Company’s restricted stock for the three months ended March 31, 2014 and 2013 were as follows:
 
 
Three Months Ended March 31,
 
2014
 
2013
 
Number of
Shares of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Shares of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
Unvested restricted stock at January 1,
997,802

 
$
3.00

 
1,028,916

 
$
4.87

Granted
5,000

 
3.87

 
—

 
—

Vested
(143,645
)
 
5.75

 
(300,263
)
 
5.35

Forfeited
(435,896
)
 
2.30

 
(329,460
)
 
4.59

Unvested restricted stock at March 31,
423,261

 
$
2.80

 
399,193

 
$
4.73
Changes in restricted stock units
Changes in the Company’s restricted stock units for the three months ended March 31, 2014 and 2013 were as follows:
 
Three Months Ended March 31,
 
2014
 
2013
 
Number of
Restricted
Stock Units
 
Weighted
Average
Grant-Date
Fair Value
 
Number of
Restricted
Stock Units
 
Weighted
Average
Grant-Date
Fair Value
Unvested restricted stock units at January 1,
115,869

 
$
3.65

 
100,000

 
$
5.18

Vested
(2,792
)
 
3.16

 
—

 
—

Forfeited
(48,160
)
 
2.42

 
—

 
—

Unvested restricted stock units at March 31,
64,917

 
$
4.58

 
100,000

 
$
5.18
Schedule of expenses and contributions for the prior years' employer-matching liability for the 401(k) plan
For the three months ended March 31, 2014 and 2013, the Company’s current year expenses and contributions to satisfy the prior years’ employer-matching liability for the 401(k) plan were as follows:
 
Three Months Ended
 
March 31,
($ in thousands, except otherwise stated)
2014
 
2013
Expense recognized for the 401(k) plan
$
162

 
$
190

Contributions to satisfy prior years' employer-matching liability
 
 
 

Additional cash contribution made for employer-matching liability
$
—

 
$
651

Total contribution made for employer-matching liability
$
—

 
$
651