Stock-Based Compensation

9 Months Ended

Sep. 30, 2014

Note F — Stock-Based Compensation

We recognized $1.0 million and $1.2 million of stock-based compensation during the three months ended September 30, 2014 and 2013, respectively. We recognized $3.3 million and $4.4 million of stock-based compensation during the nine months ended September 30, 2014 and 2013, respectively.

We made our annual grant of stock-based awards in the second quarter of 2014 (April 15, 2014). Additional grants were made during the third quarter relating to current and recently hired employees.

Equity awards granted during the quarter were as follows:

	Number of Shares	Weighted- Average Grant-Date Fair Value
Stock options	116,210	$	2.21
Unvested shares	55,459	$	6.92
Performance stock units	22,666	$	6.04

- 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.

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