Stock Based Compensation

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

3.	STOCK BASED COMPENSATION

The Company accounts for stock-based compensation under the provisions of ASC Topic 718, “Compensation—Stock Compensation”. The Company recognizes compensation cost in its financial statements for all share based payments granted, modified, or settled during the period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the related vesting period.

For the three months ended March 31, 2014 and 2013, the Company recorded compensation expense (included in general and administrative expense) of $36,000 and $57,000, respectively, related to stock options and $1,193,000 and $596,000, respectively, related to amortization of non-vested stock grants.

During the three months ended March 31, 2014 and 2013, employees exercised 1,500 and 107,645 stock options respectively, and 9,880 and 10,982 shares of non-vested stock, respectively, vested.

- 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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