XML 78 R38.htm IDEA: XBRL DOCUMENT

STOCK OPTION PLAN (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of changes in stock options outstanding

A summary of changes in stock options outstanding during the year ended December 31, 2012, is as follows:

	2012
	Number of Options (in thousands)			Weighted average exercise price		Weighted average remaining contractual life (in years)		Aggregate intrinsic value (in thousands)
Outstanding at beginning of year		139		$	23.24
Granted		20		$	5.00
Exercised		—		$	—
Forfeited or expired		(36	)	$	24.94
Outstanding at end of year		123		$	19.76		7.4		—
Options exercisable at year end		90		$	22.55		6.9		—

Schedule of assumptions used to calculate compensation expense and fair value of stock options granted

The Company uses the Black-Scholes option-pricing model to calculate the fair value of all of its stock options and its assumptions are based on historical information. The following assumptions were used to calculate the compensation expense and the calculated fair value of stock options granted each year:

	2012		2011
Dividend yield:	—	(1)	—	(1)
Risk-free interest rate:	0.62 — 0.75	%	0.78 — 1.82	%
Expected market price volatility:	78.4 — 81.6	%	71.1 — 72.8	%
Average expected life of stock options:	4.5 years		4.5 years

Schedule of amounts related to the expense of the fair values of options

The Company recorded the following amounts related to the expense of the fair values of options during the years ended December 31, 2012 and 2011 (in thousands):

	2012		2011
Selling, general and administrative expenses and income (loss) from operations before income taxes	$	209	$	356
Benefit for income taxes		44		80
Effect on net loss	$	165	$	276

Schedule of unrecognized compensation cost

As of December 31, 2012, the Company had approximately $0.1 million of total unrecognized compensation expense related to stock options currently outstanding, to be recognized in future years, ending December 31,

as follows (in thousands):

	Total gross unrecognized compensation expense		Total tax benefit associated with unrecognized compensation expense		Total net unrecognized compensation expense
2012	$	81	$	15	$	66
2013		16		3		13
	$	97	$	18	$	79