Note 7 - Stockholders' Equity

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

(7)              Stockholders’ Equity

During the nine months ended September 30, 2014, the Company issued approximately 2.3 million shares of common stock to settle options exercised during the period.

During the nine months ended September 30, 2014, the Company issued approximately 204,000 shares of common stock to settle warrants exercised during the period.

During the nine months ended September 30, 2014, the Company issued approximately 98,000 shares of restricted stock with a fair value of $3.0 million to certain officers and employees for services to be provided during the next three years. The Company is recording the expenses related to these awards in SGA expenses over the requisite service period.

During the nine months ended September 30, 2014, the Company issued approximately 16,000 shares of restricted stock with a fair value of $555,000 to the members of the Board of Directors as compensation for services to be provided during the next year. The Company records the expenses related to these awards in SGA expenses over the requisite service period.

During the nine months ended September 30, 2014, the Company issued approximately 235,000 shares of common stock to settle restricted stock units whose restrictions were lifted during the period.

During the nine months ended September 30, 2014, the Company issued approximately 83,000 shares of restricted stock to certain officers and employees in settlement of its 2013 incentive compensation plan liability. The restriction on 50% of these shares was lifted on June 1, 2014, and the remaining restriction will be lifted on June 1, 2015. The Company is recording the remaining expenses related to these awards in SGA expenses over the remaining service period.

During the nine months ended September 30, 2014, the Company did not repurchase any shares under the share repurchase program. As of September 30, 2014, the Company has approximately 905,000 shares of common stock held as treasury shares with an average value of $9.38 per share, and the ability to repurchase an additional $10.2 million in shares of its common stock.