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Stock Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2014
Stock Compensation Plans [Abstract]  
Activity in stock option plans
Activity in our stock option and incentive plans for the period from January 1, 2012 to June 30, 2014 is as follows.
 
 
 
1998 Plan
  
2002 Plan
  
2012 Plan
  
 
 
 
  
Weighted
  
  
Weighted
  
  
 
 
 
  
Average
  
  
Average
  
  
 
 
 
Number of
  
Option
  
Number of
  
Option
  
Number of
  
Fair Market
 
 
 
Shares
  
Exercise Price
  
Shares
  
Exercise Price
  
Shares
  
Value at Grant
 
Outstanding at January 1, 2012
  
89,750
  
$
12.83
   
624,700
  
$
6.15
   
-
  
$
-
 
Granted
  
-
  
$
-
   
181,500
  
$
4.40
   
-
  
$
-
 
Exercised
  
-
  
$
-
   
(33,104
)
 
$
3.86
   
-
  
$
-
 
Cancelled
  
(11,250
)
 
$
13.54
   
(70,499
)
 
$
12.45
   
-
  
$
-
 
Outstanding at January 1, 2013
  
78,500
  
$
12.73
   
702,597
  
$
5.17
   
-
  
$
-
 
Granted
  
-
  
$
-
   
-
  
$
-
   
250,000
  
$
5.54
 
Exercised
  
(500
)
 
$
8.67
   
(165,577
)
 
$
7.15
   
-
  
$
-
 
Cancelled
  
(75,000
)
 
$
12.92
   
(13,499
)
 
$
5.41
   
(500
)
 
$
5.54
 
Outstanding at January 1, 2014
  
3,000
  
$
8.67
   
523,521
  
$
4.54
   
249,500
  
$
5.54
 
Granted
  
-
  
$
-
   
-
  
$
-
   
88,648
  
$
5.54
 
Exercised
  
(3,000
)
 
$
8.67
   
(204,144
)
 
$
5.71
   
(33,180
)
 
$
5.54
 
Cancelled
  
-
  
$
-
   
(2,901
)
 
$
3.09
   
(846
)
 
$
5.54
 
Outstanding at June 30, 2014
  
-
  
$
-
   
316,476
  
$
3.80
   
304,122
  
$
5.54
 
Maturity schedule of exercisable options outstanding
Options outstanding as of June 30, 2014 are exercisable as follows.
 
 
 
1998 Plan
  
2002 Plan
 
 
 
  
Weighted
  
 
Weighted
 
 
 
  
Average
  
 
Average
 
 
 
Number of
  
Option
  
Number of
 
Option
 
Options Exercisable at:
 
Shares
  
Exercise Price
  
Shares
 
Exercise Price
 
June 30, 2014
  
-
  
$
-
   
181,159
  
$
3.80
 
December 31, 2014
  
-
  
$
-
   
61,284
  
$
3.80
 
December 31, 2015
  
-
  
$
-
   
74,033
  
$
3.80
 
December 31, 2016
  
-
  
$
-
   
-
  
$
3.80
 
December 31, 2017
  
-
  
$
-
   
-
  
$
3.80
 
December 31, 2018
  
-
  
$
-
   
-
  
$
3.80
 
Thereafter
  
-
  
$
-
   
-
  
$
3.80
 
Total options exercisable
  
-
       
316,476
   
Summary of information about the stock option plans
Summary information about the Company's stock option plans at June 30, 2014 is as follows.
 
 
 
  
  
Weighted Average
  
Weighted
  
 
 
 
Range of
  
Outstanding at
  
Contractual
  
Average
  
Exercisable at
 
 
 
Exercise Price
  
June 30, 2014
  
Periods in Years
 
Exercise Price
  
June 30, 2014
 
1998 Plan
 
$
-
   
-
   
-
  
$
-
   
-
 
2002 Plan
 
$
2.45 - $4.73
   
316,476
   
6.18
  
$
3.80
   
181,159