Stock-Based Compensation

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

9.	Stock-Based Compensation

The Company recognizes compensation expense for all equity-based compensation awards issued to employees, directors and non-employees that are expected to vest. Compensation cost is based on the fair value of awards as of the grant date. The Company recognized $183,000 and $205,000 of pre-tax stock-based compensation expense for the three months ended June 30, 2011 and 2010, respectively, under the fair value method and recognized $386,000 and $423,000 of pre-tax stock-based compensation expense for the six months ended June 30, 2011 and 2010, respectively. The Company granted 0 and 42,000 stock options for the three and six months ended June 30, 2011, respectively, and the Company granted a total 60,000 stock options for the three and six months ended June 30, 2010.