Note 7 - Stock-based Compensation and Other Plans

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

7. Stock-Based Compensation and Other Plans

As of

September 30, 2020,

there were Awards representing

585,000

shares of SGRP's Common Stock that had been granted under the

2018

Plan (

565,000

of which remain outstanding), and Awards representing

3,044,927

shares of SGRP's Common Stock outstanding under the

2008

Plan.  After

May 31, 2019,

the

2018

Plan ended and

no

further grants can be made under the

2018

 Plan respecting such shares of SGRP's Common Stock. There is

no

new plan in place for stock compensation.

The Company recognized

$42,000

and

$63,000

in stock-based compensation expense relating to stock option awards during the

three

month periods ended 

September 30, 2020

and

2019

, respectively.  The tax benefit available from stock based compensation expense related to stock option during both the 

three

months ended

September 30, 2020

and

2019

 was approximately

$11,000

and

$16,000

respectively. The Company recognized

$112,000

and

$160,000

in stock-based compensation expense relating to stock option awards during the

nine

month periods ended

September 30, 2020

and

2019,

respectively.  The tax benefit available from stock based compensation expense related to stock option during the

nine

months ended

September 30, 2020

and

2019

was approximately

$28,000

and

$40,000

respectively. As of

September 30, 2020

, total unrecognized stock-based compensation expense related to stock options was

$75,000.

   

During the

three

months ended

September 30, 2020

and

2019

, the Company recognized approximately

$0

 of stock based compensation expense related to restricted stock.  The tax benefit available to the Company from stock based compensation expense related to restricted stock during the

three

months ended

September 30, 2020

and

2019

was approximately

$0

.

During the

nine

months ended 

September 30, 2020

and

2019

, the Company recognized approximately

$0

and

$5,000,

respectively of stock based compensation expense related to restricted stock.  The tax benefit available to the Company from stock based compensation expense related to restricted stock during the

three

months ended

September 30, 2020

and

2019

was approximately

$0

and

$1,000,

respectively. As of

September 30, 2020

, there was

no

unrecognized stock-based compensation expense related to unvested restricted stock awards.