Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

Activity for SUAs under the Plan for the three months ended March 31, 2016 is as follows:

 

			Aggregate
	Number of		Intrinsic
	Shares		Value (1)
			(000s)
Unvested, December 31, 2015		111,464
Granted		-
Forfeited/expired		-
Converted to common stock		-
Unvested, March 31, 2016		111,464	$	1,533

1) The aggregate intrinsic value on these tables were calculated based on the closing market value of the Company’s stock on March 31, 2016 ($13.75).

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

As of March 31, 2016, the Company also had outstanding an aggregate of 47,000 options to acquire common stock under the Plan. A summary of stock option activity for the Plan for the three months ended March 31, 2016 is as follows:

			Weighted		Weighted
			Average		Average
			Exercise		Remaining		Aggregate
	Number of		Price		Contractual		Intrinsic
	Shares		per Share		Life		Value (2)
Outstanding, December 31, 2015		47,000	$	10.21			$	-
Granted		-		-
Exercised		-		-
Cancelled		-		-
Outstanding, March 31, 2016		47,000	$	10.21		9.5 years	$	-

(2) The aggregate intrinsic value on this table was calculated based on the amount, if any, by which the closing market value of the Company’s stock on the March 31, 2016 ($13.75) exceeded the exercise price of the underlying options, multiplied by the number of shares subject to each option.