Stockholders' Equity

3 Months Ended

Mar. 31, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

10. Stockholders’ Equity

Treasury Stock

In connection with the vesting of restricted stock granted to employees the Company withheld shares with value equivalent to employees’ minimum statutory obligation for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities. The total shares withheld of 302 and 1,210 for the three months ended March 31, 2012 and 2011, respectively, were based on the value of the restricted stock on their vesting date as determined by the Company’s closing stock price. Total payment for employees’ tax obligations was approximately $1,000 and $4,000 for the three months ended March 31, 2012 and 2011, respectively. These net-share settlements had the effect of share repurchases by the Company as they reduced the number of shares that would have otherwise been issued as a result of the vesting and did not represent an expense to the Company.

Common Stock Warrants

The following table summarizes the Company’s warrant activity:

	Shares			Weighted Average Exercise Price
Warrants outstanding, December 31, 2011		364,500		$	3.00
Granted		—		$	—
Exercised		—		$	—
Canceled/expired		(300,000	)	$	3.00
Warrants outstanding, March 31, 2012		64,500		$	3.03

The weighted average remaining contractual life of warrants outstanding is 2.97 years as of March 31, 2012.