Equity Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Stock Option Activity for the Periods Indicated

The following table summarizes stock option activity for the 1997 Plan for the periods indicated.

	Stock options outstanding		Weighted- average exercise price
Outstanding at December 31, 2010		30,003	$	91.72
Forfeited		—		—
Outstanding at March 31, 2011		30,003		91.72
Forfeited		—		—
Outstanding at June 30, 2011		30,003		91.72
Forfeited		1,800		106.40
Outstanding at September 30, 2011		28,203		90.79
Forfeited		9,500		85.16
Outstanding at December 31, 2011		18,703		93.65
Forfeited		6,000		93.20
Outstanding at March 31, 2012		12,703		93.86
Forfeited		—		—
Outstanding at June 30, 2012		12,703		93.86
Forfeited		750		109.20
Outstanding at September 30, 2012		11,953	$	92.89

Summary of Information Regarding Stock Option Under Plan that are Outstanding and Exercisable

stock options under the 1997 Plan that are outstanding and exercisable at September 30, 2012.

					Options outstanding and exercisable
Exercise price or range of exercise prices					Number of stock options outstanding and exercisable		Weighted- average remaining contractual life (years)		Weighted- average exercise price
		$	80.00			5,503		0.25	$	80.00
$	93.20		to	$106.40		2,500		1.35		94.52
$	109.20		to	$121.60		3,950		3.30		109.83
				Total		11,953		1.49		92.89

Summary of Shares Available for Issuance Under Restricted Stock Plan

expired. The following table summarizes restricted stock activity at the date and for the periods indicated.

	Shares of restricted stock			Weighted- average grant date fair value
Shares available for issuance under the 2008 Restricted Stock Plan		62,500
2009 Grants		(13,761	)	$	142.50
2009 Forfeitures		2,500			168.00
2010 Grants		(4,625	)		10.40
2010 Forfeitures		700			168.00
2011 Grants		(17,033	)		10.40
2011 Forfeitures		525			168.00
2012 Grants		(17,613	)		5.11
2012 Forfeitures		350			168.00
Remaining shares available for issuance at September 30, 2012		13,543

Summary of Stock Options and Restricted Stock Activity

returned to the available pool of common stock for future issuance. The following table summarizes the 2011 Plan stock option and restricted stock activity for the periods indicated.

	Total shares			Shares of restricted stock		Weighted- average grant date fair value		Stock options outstanding		Weighted- average exercise price
Shares available for issuance under the 2011 Plan		500,000
2011 Grants		(473,002	)		89,751	$	10.48		383,251	$	10.51
2012 Grants		(8,020	)		8,020		6.50		—		—
Remaining shares available for issuance at September 30, 2012		18,978

Summary of Stock Options Outstanding

The following table summarizes information regarding stock options under the 2011 Plan that were outstanding at September 30, 2012. No options were exercisable under the 2011 Plan at September 30, 2012.

	Options outstanding
Exercise price	Number of stock options outstanding at September 30, 2012		Weighted- average remaining contractual life (years)		Weighted- average exercise price
$ 10.40		312,501		8.62	$	10.40
$ 11.00		70,750		8.78		11.00
Total		383,251		8.65	$	10.51

Summary of Compensation Expense Charged Against Pretax Loss Under Restricted Stock and Stock Options Award

The following table summarizes compensation expense for the 2008 Plan and the 2011 Plan charged against pretax income (loss) for the periods indicated (in thousands).

	For the three months ended September 30,				For the nine months ended September 30,
	2012		2011		2012		2011
Compensation expense
2008 Plan	$	47	$	71	$	279	$	290
2011 Plan		193		189		573		270
Total compensation expense	$	240	$	260	$	852	$	560
Income tax benefit	$	—	$	—	$	—	$	—