Stock Based Compensation

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

6.	Stock Based Compensation

On February 10, 2014, the Company granted 20,000 voting shares of restricted stock under the Company’s 2006 Stock Plan to management. These shares vest in one third increments, on the third, fourth and fifth anniversaries of the date of grant. Any dividends declared will be accrued and paid to the recipient if and when the related shares vest as long as the recipient is still employed by the Company. There were no stock options, restricted stock awards or restricted stock units granted during the first quarter of 2013.

Total stock-based compensation cost was $213 and $245 for the three months ended March 31, 2014 and 2013, respectively, and is included in salaries and commissions. Total income tax benefit recognized for stock-based compensation arrangements was $82 and $90 for the three months ended March 31, 2014 and 2013, respectively.

- 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.

+ References+ Details