Common Stock

9 Months Ended

Sep. 30, 2012

Common Stock [Abstract]

Common Stock

Note 15 – Common Stock

Common Stock Issuance

During the nine months ended September 30, 2012 and 2011, we issued 155,925 and 174,825, respectively, of Class A Nonvoting shares to an executive employee associated with his prior years’ stock grant, and, during the nine months ended September 30, 2012, we issued 9,680 as a one-time stock grant of Class A Nonvoting shares to our employees valued at $44,000which we accounted for as compensation expense. 

95,000options were exercised during the nine months ended September 30, 2012 having a realized value of $136,000for which we received $308,000of cash.  Additionally, 41,000options were exercised during the nine months ended September 30, 2012 having a realized value of $103,000for which we did not receive any cash but the employee elected to receive the net incremental number of in-the-money shares of 15,822 based on an exercise price of $4.01 and a market price of $6.53.   There were no options exercised during the nine months ended September 30, 2011.