Stock-Based Compensation

6 Months Ended

Jun. 30, 2013

Stock-Based Compensation [Abstract]

Stock-Based Compensation

10.  Stock-Based Compensation

On July 7, 2005, the Company's shareholders approved the LMI Aerospace, Inc. 2005 Long-term Incentive Plan (the "Plan").  The Plan provides for the grant of non-qualified stock options, incentive stock options, shares of restricted stock, restricted stock units, stock appreciation rights, performance awards and other share-based grants and cash bonus awards to employees and directors.  All share-based grants or awards are subject to a time-based vesting schedule.

A summary of the activity for non-vested restricted stock awards under the Company's share-based compensation plans is presented below:

	2013
Restricted Stock Awards	Shares			Weighted Average Grant Date Fair Value
Outstanding at January 1		189,828		$	18.76
Granted		50,050			22.30
Vested		(17,873	)		(17.74	)
Forfeited		-			-
Outstanding at June 30		222,005		$	19.64

Common stock compensation expense related to restricted stock awards granted under the Plan were $393 and $368 for the three months ended June 30, 2013 and 2012, respectively, and $753 and $743 for the six months ended June 30, 2013 and 2012, respectively.

Total unrecognized compensation costs related to non-vested, share-based awards granted or awarded under the Plan were $2,434 and $2,071 at June 30, 2013 and December 31, 2012, respectively.  These costs are expected to be recognized over a weighted average period of 1.6 years.