Restricted Stock

A summary of restricted stock granted, vested, forfeited and unvested outstanding as of, and changes made during, the six months ended June 30, 2012, is presented below (in thousands):



	Restricted Shares		Weighted Average Grant Price
Unvested restricted shares outstanding, January 1, 2012	836		$	2.15
Granted	536		2.95
Vested	(100	)	2.11
Forfeited	(110	)	2.55
Unvested restricted shares outstanding, June 30, 2012	1,162		$	2.49

Restricted stock compensation expense is allocated as follows for the six and three months ended June 30, 2012 and 2011 (in thousands):



	Six Months Ended June 30,				Three Months Ended June 30,
	2012		2011		2012		2011
Global managed services	$	16	$	18	$	10	$	8
Sales and marketing	30		9		16		7
General and administrative	83		56		46		24
	$	129	$	83	$	72	$	39

The remaining unrecognized stock-based compensation expense for restricted stock at June 30, 2012 was $2,639,000, of which $330,000, representing 130,000 shares, will only be expensed upon a “change in control” and the remaining $2,309,000 will be amortized over a weighted average period of 8.8 years .

The tax benefit recognized for stock-based compensation for the six and three months ended June 30, 2012 was diminimus. There was no tax benefit recognized for stock-based compensation for the six and three months ended June 30, 2011. No compensation costs were capitalized as part of the cost of an asset.