Note 5 - Stock Options and Restricted Stock

3 Months Ended

Mar. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

5.  Stock Options and Restricted Stock

Stock Option Plans

We and our subsidiaries have stock-based employee plans, which were outstanding as of March 31, 2012, and are more fully described in Note 6 to our Annual Report on Form 10-K for the year ended December 31, 2011.   During the three-months ended March 31, 2012 and 2011, we recorded approximately $1 thousand and $20 thousand, respectively, in compensation expense related to stock options granted to our employees.

Stock Option Activity

There were no stock options granted during the three-months ended March 31, 2012 and 2011. A summary of our stock option activity as of March 31, 2012, and changes during the three-months then ended, is presented below (in thousands, except per share amounts):

	Stock Options			Weighted Average Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic  Value
Outstanding at January 1, 2012		2,471		$	16.05
Granted		—			—
Exercised		—			—
Forfeited or expired		(9	)		4.95
Outstanding at March 31, 2012		2,462			16.09	3.5 years	$	—	*
Vested or expected to vest at March 31, 2012		2,462			16.09	3.5 years		—	*
Exercisable at March 31, 2012		2,453			16.14	3.5 years		—	*

 * The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The market value of our common stock was $0.13 per share at March 31, 2012.

There were no stock option exercises during the three-months ended March 31, 2012 and 2011. At March 31, 2012, we had approximately 1.4 million shares available for issuance under our plans. As of March 31, 2012, there was approximately $1 thousand of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under our plans. That cost is expected to be recognized over a weighted-average period of approximately 0.5 years. The total fair value of shares vested during the three-months ended March 31, 2012 and 2011, was approximately $42 thousand and $0.1 million, respectively.

Restricted Stock Grants

A summary of the status of our nonvested restricted stock awards as of March 31, 2012 is presented below (shares in thousands):

	Stock Options			Weighted   Average Grant-Date Fair Value
Nonvested at January 1, 2012		52		$	1.46
Granted		—			—
Vested		(41	)		1.32
Forfeited or expired		—			—
Nonvested at March 31, 2012		11		$	1.99

We recorded compensation expense of approximately $1 thousand and $20 thousand in the three-months ended March 31, 2012 and 2011, respectively, associated with restricted stock grants. As of March 31, 2012, approximately 11 thousand shares of our restricted stock were unvested.