Stock Options and Equity Compensation Plan

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Stock Options and Equity Compensation Plan

Note 7. Stock Options and Equity Compensation Plan

For the three and six month periods ended June 30, 2013, the Company recorded stock-based employee compensation expense of $46,000 and $62,000, respectively.  For the three and six month periods ended June 30, 2012, the Company recorded stock-based employee compensation expense of $52,000 and $58,000, respectively.  This compensation expense is included in the selling, general and administrative expenses in the accompanying consolidated statements of income.

The Company granted 21,000 options during each of the six month periods ended June 30, 2013 and 2012.

As of June 30, 2013, there was approximately $413,000 of stock-based employee compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 3.67 years.

As most options issued under the 2000 Incentive Plan are incentive stock options, the Company does not normally receive significant excess tax benefits relating to the compensation expense recognized on vested options.