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Note 8 - Stock-based Compensation
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Note
8.
     
Stock
-Based Compensation
 
Our
2006
Omnibus Incentive Plan, as amended (the "Incentive Plan") governs the issuance of equity awards and other incentive compensation to management and members of the board of directors. In
February 2013,
the Compensation Committee re-approved, subject to stockholder re-approval, the material terms of the performance-based goals under the Incentive Plan so that certain incentive awards granted thereunder would continue to qualify as exempt "performance-based compensation" under Internal Revenue Code Section
 
162
(m). Our stockholders re-approved the material terms of the performance-based goals under the Incentive Plan at our
2013
Annual Meeting held on
May 29, 2013.
 
The Incentive Plan permits annual awards of shares of our Class A common stock to executives, other key employees, consultants, non-employee directors, and eligible participants under various types of options, restricted stock awards, or other equity instruments. At
June 30, 2017,
606,226
of the abovementioned
1,550,000
shares were available for award under the Incentive Plan.
No
participant in the Incentive Plan
may
receive awards of any type of equity instruments in any calendar-year that relates to more than
200,000
shares of our Class A common stock.
No
awards
may
be made under the Incentive Plan after
March 31, 2023.
 
Included in salaries, wages, and related expenses within the condensed consolidated statements of operations is
$0.2
million and
$0.3
million of stock-based compensation expense for the
three
months ended
June 30, 2017
and
2016,
and
$0.4
million and
$0.6
million of stock-based compensation expense for the
six
months ended
June 30, 2017
and
2016,
respectively. All stock compensation expense recorded in
2017
and
2016
relates to restricted shares, given
no
options were granted during these periods. An additional
$0.3
million and
$0.2
million of stock-based compensation was recorded in general supplies and expenses in the condensed consolidated statements of operations for each of the
three
- and
six
-month periods ended
June 30, 2017
and
2016,
respectively, as this amount relates to the issuance of restricted stock to non-employee directors.
 
The Incentive Plan allows participants to pay the federal and state minimum statutory tax withholding requirements related to awards that vest or allows participants to deliver to us shares of Class A common stock having a fair market value equal to the minimum amount of such required withholding taxes. To satisfy withholding requirements for shares that vested, through
June 30, 2017,
certain participants elected to forfeit receipt of an aggregate of
10,803
shares of Class A common stock at a weighted average per share price of
$18.81
based on the closing price of our Class A common stock on the dates the shares vested in
2017,
in lieu of the federal and state minimum statutory tax withholding requirements. We remitted
$0.2
million to the proper taxing authorities in satisfaction of the employees' minimum statutory withholding requirements.