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Stock Options (Tables)
9 Months Ended
Sep. 30, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of option activity under the Company’s stock option plans as of September 30, 2014, and changes during the period then ended, is presented below:
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
Weighted-
Remaining
 
 
 
 
Number of
 
Average
Contractual
 
Aggregate
 
 
Options
 
Exercise Price
Term (years)
 
Intrinsic Value
 
Outstanding at January 1, 2014
 
 
3,048,069
 
$
2.99
 
 
 
 
 
 
 
Granted
 
 
1,292,000
 
 
2.79
 
 
 
 
 
 
 
Exercised
 
 
(434,200)
 
 
1.73
 
 
 
 
 
 
 
Forfeited/Expired
 
 
(264,012)
 
 
3.24
 
 
 
 
 
 
 
Outstanding at September 30, 2014
 
 
3,641,857
 
$
3.05
 
 
5.17
 
$
818,961
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at September 30, 2014
 
 
1,336,732
 
$
3.04
 
 
3.87
 
$
422,436
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at September 30, 2014
 
 
3,641,857
 
$
3.04
 
 
5.17
 
$
818,961
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]
The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted average fair values of the options granted and weighted average assumptions are as follows:
 
 
 
Nine Months Ended
 
 
 
September 30,
 
 
 
2014
 
 
 
2013
 
Weighted average fair value of options granted
 
$
1.35
 
 
 
$
1.89
 
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate
 
 
1.53% -1.68
%
 
 
 
0.76
%
Expected life (years)
 
 
5
 
 
 
 
5-7
 
Expected volatility factor
 
 
54.96
%
 
 
 
67.37
%
Expected dividends
 
 
-
 
 
 
 
-
 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
A summary of restricted shares under the Company’s stock plans as of September 30, 2014, and changes during the period then ended, are presented below:
 
 
 
 
Weighted-
 
 
 
 
Average Grant
 
 
Number of Shares
 
Date Fair Value
 
Unvested at January 1, 2014
 
 
25,000
 
$
3.31
 
Granted
 
 
-
 
 
-
 
Vested
 
 
(17,500)
 
 
3.62
 
Forfeited/Expired
 
 
-
 
 
-
 
Unvested at September 30, 2014
 
 
7,500
 
$
2.59
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The stock-based compensation expense related to the Company’s various stock awards was allocated as follows (in thousands):
 
 
 
Three months ended
 
Nine months ended
 
 
 
September 30,
 
September 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
Direct operating costs
 
$
107
 
$
76
 
$
283
 
$
205
 
Selling and administrative expenses
 
 
195
 
 
160
 
 
563
 
 
520
 
Total stock-based compensation
 
$
302
 
$
236
 
$
846
 
$
725