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Long-Term Compensation Plan and Stock Based Compensation
 6 Months Ended
Jun. 30, 2012
Long-Term Compensation Plan and Stock Based Compensation [Abstract]  
Long-Term Compensation Plan and Stock Based Compensation

Note 9 – Long-Term Compensation Plan and Stock Based Compensation

Under the VASCO Data Security International, Inc. 2009 Equity Incentive Plan (2009 Equity Incentive Plan), we awarded 262 shares of restricted stock in the first quarter of 2012 consisting of 96 unissued shares subject to future performance criteria and 166 issued shares. The market value of the restricted shares was $1,805 at the date of grant and will be amortized over the respective vesting periods of one to four years.

In the second quarter of 2012, under the 2009 Equity Incentive Plan, we awarded and issued 71 shares of restricted stock. The market value of the restricted shares was $662 at the date of grant and will be amortized over the respective vesting period of four years.

Also in the second quarter of 2012, we awarded long-term incentive awards under the 2009 Equity Incentive Plan. The awards are variable subject to achievement of performance targets established by the Board of Directors. The probable award level of $1,984 is expensed on a straight-line basis over the four-year vesting period.

 

 

The following table details long-term compensation plan and stock-based compensation expense for the three and six months ended June 30, 2012 and 2011:

 

                                 
    Three months ended
June 30,		     Six months ended
June 30,		  
    2012     2011     2012     2011  
         

Restricted stock

   $ 845     $ 375     $ 1,694     $ 746  

Long-term compensation plan

     325       374       554       570  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total Non-Cash Compensation

   $ 1,170     $ 749     $ 2,248     $ 1,316