Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

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

Stock Granted to Our Non-employee Directors

The following table details the stock granted to our non-employee directors under the 2008 and 2012 Plans during the nine months ended September 30, 2014 and 2013. These shares were issued as part of our annual director compensation arrangements related to the prior years’ service, and were fully vested on the date of issuance.



Date of Grant	Number of Shares	Fair Value per Share⁽¹⁾	Fair Value of Grant
January 2014	25,310	$8.89	$	225
July 2014	15,969	$7.69	123
Total 2014 grants	41,279		$	348

January 2013	29,205	$7.55	$	221
July 2013	16,587	$8.44	140
Total 2013 grants	45,792		$	361


(1)	The fair value per share is equal to the closing price of our stock on the date of grant.

Restricted Stock Units Activity

The following table summarizes our RSU activity for the year ended December 31, 2013, and the nine months ended September 30, 2014:



	Number of RSUs		Grant Date Fair Value per Share⁽¹⁾		Grant Date Fair Value		Fair Value of RSUs at Vesting Date⁽²⁾
Unvested RSUs at December 31, 2012	98,575
Granted	45,316		$	7.55	$	342
Vested	(16,640	)					$	125
Unvested RSUs at December 31, 2013	127,251
Granted	38,278		$	8.89	$	340
Vested	(22,929	)					$	178
Unvested RSUs at September 30, 2014	142,600


(1)	The grant date fair value per share is equal to the closing price of our stock on the date of grant.


(2)	The fair value of vested RSUs is calculated based on the closing stock price on the vesting date. The fair value of unvested RSUs at September 30, 2014, based on the closing price on that date, was $1.1 million.

Outstanding Stock Options

Information relating to our outstanding stock options at September 30, 2014, is as follows:



Outstanding and Exercisable Options
Exercise Price	Shares	Weighted- Average Life (Years)	Intrinsic Value
$2.30	258,723	4.34 years	$	1,490
$5.77	31,923	2.40 years	73
$5.85	142,382	3.35 years	315
	433,028	3.87 years	$	1,878

Stock Compensation Expense

Stock compensation expense recognized during the three and nine months ended September 30, 2014 and 2013, and unrecognized compensation expense as of September 30, 2014, were as follows:



	Three Months Ended September 30,				Nine Months Ended September 30,				Unrecognized Compensation Cost as of September 30,
	2014		2013		2014		2013		2014
Compensation expense
RSUs	$	71	$	50	$	213	$	149	$	604
Options	—		7		2		26		—
Total	$	71	$	57	$	215	$	175	$	604