Share-Based Compensation

6 Months Ended

Jun. 30, 2015

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

5.	SHARE-BASED COMPENSATION:

Share-based compensation expense under all of the Company’s share-based plans was $387 thousand and $850 thousand for the three- and six-month periods ended June 30, 2015, respectively. Share-based compensation expense under all of the Company’s share-based plans was $424 thousand and $811 thousand for the three- and six-month periods ended June 30, 2014, respectively.

Cash received from the employee stock purchase plan (“ESPP”) and through stock option exercises was $518 thousand and $774 thousand during the three- and six-month periods ended June 30, 2015, respectively. Cash received from ESPP and stock option exercises was $627 thousand and $827 thousand during the three- and six-month periods ended June 30, 2014, respectively.

As of June 30, 2015, unrecognized compensation expense, net of estimated forfeitures, related to the unvested portion of all share-based compensation arrangements was approximately $2.3 million and is expected to be recognized over a weighted-average period of 1.3 years.

The Company intends to use previously purchased treasury shares for shares issued for options, restricted share awards and ESPP purchases. Shares may also be issued from authorized but unissued share reserves.