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Share-Based Compensation
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation

5.     SHARE-BASED COMPENSATION:

Share-based compensation expense under all of the Company’s share-based plans was $510 thousand and $477 thousand for the three-month periods ended March 31, 2017 and 2016, respectively.

Cash received from the employee stock purchase plan (“ESPP”) and through stock option exercises was $1.7 million and $1.3 million during the three-month periods ended March 31, 2017 and 2016, respectively. As of March 31, 2017, unrecognized compensation expense, net of estimated forfeitures, related to the unvested portion of all share-based compensation arrangements was approximately $354 thousand and is expected to be recognized over a weighted-average period of 0.9 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.