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Share-Based Compensation | 9 Months Ended
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Sep. 30, 2011
Share-Based Compensation [Abstract] |
SHARE-BASED COMPENSATION | NOTE 7 — SHARE-BASED COMPENSATION Share-Based Compensation Expense The table below shows the share-based compensation expense and related tax benefits for the periods indicated:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
|  | (In Thousands) |
Share-Based Compensation Expense |  | $ | 59 |  |  | $ | 261 |  |  | $ | 440 |  |  | $ | 748 |
Related Tax Benefits |  | $ | 25 |  |  | $ | 110 |  |  | $ | 185 |  |  | $ | 314 |
Unrecognized Share-Based Compensation Expense As of September 30, 2011, unrecognized share-based compensation expense was as follows:
|  | Unrecognized Expense |  |  | Average Expected Recognition Period |
|  | (Dollars in Thousands) |
Stock Option Awards |  | $ | 161 |  |  |  | 1.7 years |
Restricted Stock Awards |  |  | 192 |  |  |  | 2.0 years |
Total Unrecognized Share-Based Compensation Expense |  | $ | 353 |  |  |  | 1.9 years |
Share-Based Payment Award Activity The table below provides stock option information for the three months ended September 30, 2011:
|  | Number of Shares |  |  | Weighted- Average Exercise Price Per Share |  |  | Weighted- Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value of In-the-Money Options |
|  | (Dollars in Thousands, Except Per Share Data) |
Options Outstanding at Beginning of Period |  |  | 1,192,891 |  |  | $ | 10.50 |  |  |  | 5.5 years |  |  | $ | — | (1)
Options Expired |  |  | (71,691 | ) |  | $ | 7.35 |  |  |  | — |  |  |  |  |
Options Outstanding at End of Period |  |  | 1,121,200 |  |  | $ | 10.70 |  |  |  | 5.5 years |  |  | $ | — | (2)
Options Exercisable at End of Period |  |  | 862,800 |  |  | $ | 13.30 |  |  |  | 4.8 years |  |  | $ | — | (2)
(1) | Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $1.07 as of June 30, 2011, over the exercise price, multiplied by the number of options.
(2) | Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $0.83 as of September 30, 2011, over the exercise price, multiplied by the number of options.
The table below provides stock option information for the nine months ended September 30, 2011:
|  | Number of Shares |  |  | Weighted- Average Exercise Price Per Share |  |  | Weighted- Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value of In-the-Money Options |
|  | (Dollars in Thousands, Except Per Share Data) |
Options Outstanding at Beginning of Period |  |  | 1,066,891 |  |  | $ | 11.93 |  |  |  | 5.3 years |  |  | $ | — | (1)
Options Granted |  |  | 150,000 |  |  | $ | 1.30 |  |  |  | 9.4 years |  |  |  |  |
Options Expired |  |  | (92,891 | ) |  | $ | 9.45 |  |  |  | 0.9 years |  |  |  |  |
Options Forfeited |  |  | (2,800 | ) |  | $ | 18.00 |  |  |  | 4.6 years |  |  |  |  |
Options Outstanding at End of Period |  |  | 1,121,200 |  |  | $ | 10.70 |  |  |  | 5.5 years |  |  | $ | — | (2)
Options Exercisable at End of Period |  |  | 862,800 |  |  | $ | 13.30 |  |  |  | 4.8 years |  |  | $ | — | (2)
(1) | Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $1.15 as of December 31, 2010, over the exercise price, multiplied by the number of options.
(2) | Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $0.83 as of September 30, 2011, over the exercise price, multiplied by the number of options.
There were no options exercised during the three and nine months ended September 30, 2011, and total intrinsic value of options exercised during the three and nine months ended September 30, 2010 was zero and $14,000, respectively. Restricted Stock Awards The table below provides restricted stock award information for the periods indicated:
|  | Three Months Ended September 30, 2011 |  |  | Nine Months Ended September 30, 2011 |
|  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value Per Share |  |  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value Per Share |
Restricted Stock at Beginning of Period |  |  | 150,600 |  |  | $ | 1.75 |  |  |  | 145,600 |  |  | $ | 1.77 |
Restricted Stock Granted |  |  | — |  |  | $ | — |  |  |  | 60,000 |  |  | $ | 1.30 |
Restricted Stock Vested |  |  | — |  |  | $ | — |  |  |  | (55,000 | ) |  | $ | 1.33 |
Restricted Stock at End of Period |  |  | 150,600 |  |  | $ | 1.75 |  |  |  | 150,600 |  |  | $ | 1.75 |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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