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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased 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 six months ended June 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       $ 226   

January 2013

     29,205       $ 7.55         221   

 

(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 six months ended June 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 June 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 June 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 June 30, 2014, is as follows:

 

Outstanding and Exercisable Options  
Exercise
Price
    Shares     Weighted-
Average
Life (Years)
    Intrinsic
Value
 
$ 2.30        258,723        4.59      $ 1,405   
$ 5.77        31,923        2.65        62   
$ 5.85        142,382        3.60        268   
 

 

 

     

 

 

 
    433,028        4.12      $ 1,735   
 

 

 

     

 

 

 
Stock Compensation Expense

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

 

     Three months ended
June 30,
     Six months ended
June 30,
    

Unrecognized

Compensation

Cost as of

June 30,

 
     2014      2013      2014      2013      2014  

Compensation expense

              

RSUs

   $ 71       $ 50       $ 2       $ 18       $ 675   

Options

     —           7         142         100         —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 71       $ 57       $ 144       $ 118       $ 675