Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

The activity in the Stock Plan is displayed in the following table:



Authorized Shares Available for Future Award Grants	Three Months Ended March 31, 2015		From Inception to March 31, 2015
Beginning balance	1,646,947		1,900,000
Additional shares authorized	—		1,500,000
Number of awards granted	(362,854	)	(2,359,363	)
Number of awards forfeited or expired	98,600		342,056
Ending balance	1,382,693		1,382,693
Number of option awards exercised	23,724		491,287
Number of unrestricted stock awards granted	—		5,280
Number of restricted stock awards vested	—		18,576

The activity in the Director Plan is displayed in the following table:



Authorized Shares Available for Future Award Grants	Three Months Ended March 31, 2015	From Inception to March 31, 2015
Beginning balance	87,194	300,000
Number of awards granted	—	(218,809	)
Number of awards forfeited or expired	—	6,003
Ending balance	87,194	87,194
Number of option awards exercised	547	5,222
Number of restricted stock awards vested	—	11,442

Remaining Stock-Based Compensation Expense

We expect this compensation to be recognized over the remainder of 2015 and subsequent years according to the following table, except with respect to awards that are accelerated by the Board of Directors, in which case we will recognize any remaining compensation expense in the period in which the awards are accelerated.



2015	$	1,740
2016	1,929
2017	1,690
2018	1,269
2019	581
2020	61
Total	$	7,270

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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