Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
Activity under the stock option plans described above was as follows:
|
|
2000 Plan |
|
|
2010 Plan |
|
|
Weighted Average Exercise Price |
|
|
Aggregate Intrinsic Value |
|
Outstanding at December 31, 2009 |
|
|
401,000 |
|
|
|
— |
|
|
$ |
3.54 |
|
|
$ |
69,000 |
|
Grants |
|
|
20,000 |
|
|
|
25,500 |
|
|
$ |
3.48 |
|
|
|
|
|
Terminations |
|
|
(169,000 |
) |
|
|
(1,000 |
) |
|
$ |
3.84 |
|
|
|
|
|
Exercises |
|
|
(3,000 |
) |
|
|
— |
|
|
$ |
2.00 |
|
|
|
|
|
Outstanding at December 31, 2010 |
|
|
249,000 |
|
|
|
24,500 |
|
|
$ |
3.36 |
|
|
|
None |
|
Grants |
|
|
— |
|
|
|
25,000 |
|
|
$ |
5.72 |
|
|
|
|
|
Terminations |
|
|
(31,500 |
) |
|
|
— |
|
|
$ |
5.05 |
|
|
|
|
|
Exercises |
|
|
(31,000 |
) |
|
|
— |
|
|
$ |
4.79 |
|
|
|
|
|
Outstanding at December 31, 2011 |
|
|
186,500 |
|
|
|
49,500 |
|
|
$ |
3.19 |
|
|
$ |
344,000 |
|
Grants |
|
|
— |
|
|
|
2,000 |
|
|
$ |
5.93 |
|
|
|
|
|
Terminations |
|
|
(8,000 |
) |
|
|
(2,000 |
) |
|
$ |
4.75 |
|
|
|
|
|
Exercises |
|
|
(15,000 |
) |
|
|
— |
|
|
$ |
3.39 |
|
|
|
|
|
Outstanding at December 31, 2012 |
|
|
163,500 |
|
|
|
49,500 |
|
|
$ |
3.13 |
|
|
$ |
185,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at December 31, 2012 |
|
|
149,000 |
|
|
|
— |
|
|
$ |
2.60 |
|
|
$ |
208,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reserved for future grants |
|
|
— |
|
|
|
250,500 |
|
|
|
|
|
|
|
|
Schedule Of Share Based Compensation Fair Value Of Stock Options [Table Text Block] |
The fair value of each stock option grant has been estimated on the date of grant using the Black-Scholes option pricing model, for the purpose discussed in Note 2(l), with the following weighted-average assumptions:
|
|
2012 |
|
|
2011 |
|
|
2010 |
|
Risk-free interest rate |
|
|
0.97 |
% |
|
|
1.1 |
% |
|
|
2.4 |
% |
Dividend yield |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
Expected volatility |
|
|
48.7 |
% |
|
|
47.6 |
% |
|
|
44.2 |
% |
Expected life |
|
|
6.5 years |
|
|
|
5 years |
|
|
|
5 years |
|