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Note 10 - Stockholders' Equity
 6 Months Ended
Jun. 30, 2014
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
10.
Stockholders’ Equity

Stock-Based Compensation Plan and Warrants

The Company has a stock-based incentive plan which is administered by the Compensation Committee of the Board of Directors.  Refer to Note 15 of the Notes to Consolidated Financial Statements included in the 2013 Form 10-K for further information.  The Company recorded stock-based compensation expense of $0.2 million and $0.4 million for the three and six months ended June 30, 2014, respectively, and $0.2 million and $0.5 million for the three and six months ended June 30, 2013, respectively.

In addition, the Company has shares outstanding that are subject to the completion of certain performance conditions.  In order to recognize the compensation expense related to these shares, the Company must assess at each reporting period whether it is probable that the performance conditions will be met.  These shares must also be re-valued at each reporting period until they vest.  At June 30, 2014, the Company assessed that it would not be probable that the performance conditions would be met for these shares and has not recorded any expense for the three and six months ended June 30, 2014.

The Company issued 43,421 and 68,857 shares of unvested common stock during the three and six months ended June 30, 2014, respectively.   Of this amount, 43,421 shares of unvested common stock were issued to the non-employee members of the Company’s Board of Directors in accordance with the Company’s standard compensation arrangements for non-employee directors and have a one year vesting period.

At June 30, 2014, total unrecognized compensation cost related to unvested common stock awards was $0.9 million.  This cost is expected to be recognized over a weighted average period of 1.4 years.  There was no unrecognized compensation expense related to stock options at June 30, 2014 and 2013.  Proceeds received by the Company from the exercise of stock options for the three and six months ended June 30, 2014 and 2013 were immaterial for both periods.  No stock options were granted in the three or six months ended June 30, 2014 or 2013.

At June 30, 2014, there were 282,568 and 2,500 shares of common stock covered by outstanding unvested common stock and stock options, respectively.  All of the stock options were vested.

Stock Offering

On April 29, 2014, an amended “shelf” registration statement filed by the Company with the SEC became effective.  Under the amended shelf registration statement, the Company may offer from time to time any combination of securities described in the prospectus in one or more offerings up to a total of $80 million.  The securities described in the prospectus include common and preferred stock, depository shares, debt securities, warrants entitling the holders to purchase one or more classes or series of these securities or units consisting of two or more of these issuances, classes or series of securities.  Net proceeds from the sales of the offered securities may be used for working capital needs, capital expenditures and other expenditures related to general corporate purposes, including future acquisitions.  

On May 6, 2014, the Company closed a public offering with D.A. Davidson & Co. as sole underwriter (the “Underwriter”), pursuant to which the Underwriter purchased from the Company 2,100,000 shares of the Company’s common stock at a price of $6.90 per share.  The net proceeds of approximately $14 million from the offering, after deducting underwriting discounts and offering expenses, was used to repay a portion of the indebtedness outstanding under our $40 million revolving credit facility in accordance with the Fifth Amendment mentioned in Note 13.