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Note 9 - Stockholders' Equity
 6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
9. 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 $0.3 million and $0.5 million for the three and six months ended June 30, 2015, respectively, and $0.2 million and $0.4 million for the three and six months ended June 30, 2014, respectively.


At June 30, 2015, total unrecognized compensation cost related to unvested common stock awards was $3.6 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 June 30, 2015 and 2014. There were no proceeds received by the Company from the exercise of stock options for the three and six months ended June 30, 2015 and were immaterial for the three and six months ended June 30, 2014. No stock options were granted in the three or six months ended June 30, 2015 or 2014. At June 30, 2015, there were 0.9 million 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 and $0.2 million, which was included in the $0.3 million and $0.5 million expense mentioned above, for the three and six months ended June 30, 2015, respectively.


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 received 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 was approved by the Company’s stockholders at its 2015 Annual Meeting in May 2015 and was valued at approximately $2.5 million.