Securities Authorized for Issuance under Equity Compensation Plans

6 Months Ended

Jun. 30, 2014

Securities Authorized for Issuance under Equity Compensation Plans [Abstract]

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

12.  SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

During the three months ended June 30, 2014 no stock options were exercised.

During the six months ended June 30, 2014, stock options to purchase an aggregate of 145,000 shares were exercised.  Following the withholding of an aggregate of 14,633 shares in connection with the net exercise feature of the stock options, the Company delivered an aggregate of 130,367 shares to the option holders who exercised their options.  

Stock compensation expense recognized during the three and six months ended June 30, 2014 and 2013 attributable to stock awards totaled approximately $356,000 and $306,000, respectively. Stock compensation expense attributable to stock options was $0 and $4,000 for the three months ended June 30, 2014 and 2013, respectively, and $0 and $9,000 for the six months ended June 30, 2014 and 2013, respectively.

At June 30, 2014, there was no unrecognized compensation expense related to stockoptions.  

The following table provides information at June 30, 2014 regarding outstandingstock options under the Company’s stock option plans. As used in the table below, “2002 NQ” refers to the Company’s 2002 Non-Qualified Stock Option Plan and “2008 NQ” refers to the Company’s 2008 Non-Qualified Stock Option Plan.

Plan	Date Granted	Options Outstanding		Exercisable Options	Exercise Price		Expiration Date	Weighted Average Remaining Life
2002NQ	4/03/06		40,000	40,000	$	1.08	4/02/16	1.8
2002NQ	12/17/07		40,000	40,000	$	1.32	12/16/17	3.5
2008NQ	1/11/09		40,000	40,000	$	0.69	1/10/19	4.6
2008NQ	4/26/10		20,000	20,000	$	2.07	4/25/20	5.9
			140,000	140,000	$	1.18		3.7