Subsequent Events

12 Months Ended

Dec. 31, 2012

Subsequent Events[Abstract]

Subsequent Events

N.Subsequent Events

On March 26, 2013, the Company's Board of Directors appointed Donald H. Hunter to serve as a member of the Board of Directors effective immediately.  Mr. Hunter is currently Principal of Donald Hunter LLC, a consulting practice based in Wellesley, MA, and previously served as the Chief Operating Officer and Chief Financial Officer of Harbor Global Company Limited, a public company that owned international investment management and natural resources subsidiaries.

On March 26, 2013, the Company granted to its executive management 8,135 restricted shares of the Company's common stock under the 2011 Incentive Plan with a grant date fair value of $5.81 per share. The related compensation expense will be recognized over the vesting period.  The shares vest as follows: 30% on the first anniversary of the grant date; an additional 30% on the second anniversary of the grant date; and the remaining 40% on the third anniversary of the grant date.

Further, on March 26, 2013, the Board granted options to purchase a total of 62,401 shares of the Company's common stock to members of executive management. These stock options have an exercise price of $7.26, have a five-year life expiring on March 25, 2018, and vest as follows:  30% on the first anniversary of the grant date; an additional 30% on the second anniversary of the grant date; and the remaining 40% on the third anniversary of the grant date. These stock options have a grant date fair value of $2.33 per option.