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Long Term Compensation Plan And Stock Based Compensation
 6 Months Ended
Jun. 30, 2011
Long Term Compensation Plan And Stock Based Compensation  
Long Term Compensation Plan And Stock Based Compensation

Note 10 – Long-Term Compensation Plan and Stock Based Compensation

In the first quarter of 2011, we awarded 190 shares of restricted stock under the VASCO Data Security International, Inc. 2009 Equity Incentive Plan (2009 Equity Incentive Plan) consisting of 88 unissued shares subject to future performance criteria and 102 issued shares. The market value of the restricted shares was $1,588 at the date of grant and will be amortized over the respective vesting periods of one to four years.

In the second quarter of 2011, we awarded 445 shares of restricted stock under the 2009 Equity Incentive Plan consisting of 149 unissued shares subject to future performance criteria and 296 issued shares. The market value of the restricted shares was $3,684 at the date of grant and will be amortized over the respective vesting periods of three or four years.

The following table details long-term compensation plan and stock-based compensation expense for the three and six months ended June 30, 2011 and 2010:

 

     Three months
ended June 30,		      Six months
ended June 30,		  
     2011      2010      2011      2010  

Restricted stock

    $ 375       $ 382       $ 746       $ 757   

Long-term compensation plan

      374         244         570         403   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total Non-Cash Compensation

    $ 749       $ 626       $ 1,316       $ 1,160