Share-Based Compensation

6 Months Ended

Jun. 30, 2011

Share-Based Compensation [Abstract]

Share-Based Compensation

NOTE 12. SHARE-BASED COMPENSATION

Share-Based Compensation Costs

Total share-based compensation recorded in the Condensed Consolidated Statements of Operations was as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Cost of products and services	$	99	$	102	$	186	$	175
Selling, general and administrative		43		99		143		189
Total share-based compensation expense	$	142	$	201	$	329	$	364

Stock Option Award Activity

The following table summarizes stock option activity under all plans:

	Number of  Shares			Weighted Average  Exercise  Price		Weighted Average Remaining Contractual Term (in years)		Aggregate  Intrinsic  Value
Outstanding at December 31, 2010		472,490		$	10.23		1.5	$	1,688
Granted		-		$	-
Exercised		(377,000	)	$	8.96
Cancelled		(2,000	)	$	18.14
Outstanding at June 30, 2011		93,490		$	15.15		5.1	$	23
Exercisable at December 31, 2010		432,490		$	9.94		0.7	$	1,684
Exercisable at June 30, 2011		63,490		$	15.98		3.3	$	15

As of June 30, 2011 the total unrecognized compensation cost related to stock option awards was $0.2 million which is expected to be amortized over approximately 2 years.

Cash proceeds received, the intrinsic value and the total tax benefits realized resulting from stock option exercises were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Cash proceeds received	$	1,241	$	648	$	1,541	$	669
Intrinsic value realized	$	1,885	$	337	$	2,415	$	398
Income tax benefit realized	$	687	$	131	$	846	$	133

Restricted Stock Award Activity

The following table summarizes restricted stock activity:

	Number of  Shares	Weighted Average Grant-Date  Fair Value
Nonvested at December 31, 2010	98,755	$          9.57
Granted	46,500	$        14.68
Vested	(41,351)	$          9.36
Cancelled	(9,467)	$        12.27
Nonvested at June 30, 2011	94,437	$        11.90

The total fair value of restricted shares vested during the six months ended June 30, 2011 and 2010 was $0.4 million and $0.2 million, respectively. As of June 30, 2011, the total unrecognized compensation cost related to restricted stock awards was $0.9 million, which is expected to be amortized over a weighted-average period of 2.2 years.