Restricted Stock

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 12 - Restricted Stock

A summary of restricted stock granted, vested, forfeited and unvested outstanding as of, and changes made during, the years ended December 31, 2011 and 2010, is presented below (shares in thousands):

	Restricted Shares			Weighted Average Grant Price
Unvested restricted shares outstanding, January 1, 2010		290		$	1.52
Granted		631			2.36
Vested		(66	)		1.92
Forfeited		(166	)		2.02
Unvested restricted shares outstanding, December 31, 2010		689		$	2.13
Granted		335			2.16
Vested		(98	)		1.68
Forfeited		(90	)		2.52
Unvested restricted shares outstanding, December 31, 2011		836		$	2.15

Restricted stock compensation expense is allocated as follows for the year ended December 31, 2011 and 2010 (in thousands):

	Year Ended December 31,
	2011		2010
Global managed services	$	28	$	21
Sales and marketing		26		13
General and administrative		114		264
	$	168	$	298

The remaining unrecognized stock-based compensation expense for restricted stock at December 31, 2011 was $1,443,000, of which $330,000, representing 130,000 shares, will only be expensed upon a “change in control” and the remaining $1,113,000 will be amortized over a weighted average period of 7.7 years.

The tax benefit recognized for stock-based compensation for the year ended December 31, 2011 was diminimus.  There was no tax benefit recognized for stock-based compensation for the year ended December, 2010.  No compensation costs were capitalized as part of the cost of an asset.