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Note 10 - Stockholders' Equity
 3 Months Ended
Mar. 31, 2015
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 16 of the Notes to Consolidated Financial Statements included in the 2014 Form 10-K for further information.  The Company recorded stock-based compensation expense of $0.2 million for the three months ended March 31, 2015 and 2014.

At March 31, 2015, total unrecognized compensation cost related to unvested restricted stock awards was $4.0 million.  This cost is expected to be recognized over a weighted average period of 2.8 years.  There was no unrecognized compensation expense related to stock options at March 31, 2015 and 2014.  No proceeds were received by the Company from the exercise of options for the three months ended March 31, 2015 and 2014.  No options were granted in the three months ended March 31, 2015 or 2014.  At March 31, 2015, there were 901,136 shares of common stock covered by outstanding unvested common stock.

On January 1, 2015, the Company launched a long- and short-term incentive program for certain employees.  The short-term incentive plan is paid in cash if certain short-term achievements are met and the long-term incentive plan is paid with the Company’s stock if certain long-term achievements are met.  The stock based awards are awarded based in two parts; 50% is based on completing a service period of three years and 50% is based on the level of achievement of the Company’s total shareholder return (“TSR”) compared to the TSR of a designated peer group over a three year period.  The service based awards are recorded as usual; however, the awards based on TSR must be valued using a Monte Carlo simulation.  Based on the valuation obtained using Monte Carlo simulation and valuation on the service based awards, the Company recorded an expense of $0.1 million, which was included in the $0.2 million expense mentioned above, for the three months ended March 31, 2015.

On March 9, 2015, the Company entered into a three-year employment agreement with Paul J. Varello, the Company’s Chief Executive Officer (“CEO”).  As part of the agreement, Mr. Varello will be paid an annual salary of $1 and will receive 600,000 shares of the Company’s common stock which vest in three equal installments on the first three anniversaries of the March 9, 2015 award date.  The award is a special one-time plan for the CEO and is subject to the approval of the Company’s stockholders at its 2015 Annual Meeting.  If not approved, the award by its terms is canceled, and the Company and Mr. Varello will negotiate a replacement compensation package.