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Note 10 - Share-Based Compensation | 3 Months Ended
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Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 10. S hare-Based Compensation The total compensation expense recognized for share-based compensation was $99,000 and $108,000 for the three months ended March 31, 2014 and 2013, respectively. There was no tax benefit or expense related thereto for each period presented. Recognized stock compensation was reduced for estimated forfeitures prior to vesting primarily based on historical annual forfeiture rates of approximately 0% and 3.1%, as of March 31, 2014 and 2013, respectively. Estimated forfeitures will be reassessed in subsequent periods and may change based on new facts and circumstances. Executive officers and management were awarded an incentive bonus of $218,000 and $133,100 in February 2014 and 2013, respectively, based on meeting certain performance metrics included in the Executive and Key Management Compensation Plan. In accordance with the plan, the incentive award was settled through the issuance of 35,917 and 33,187 shares of common stock in February 2014 and 2013, respectively. Stock Options A summary of stock option award activity as of and for the three months ended March 31, 2014 is as follows:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant-Date Fair Value |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value $(000)(1) |
Outstanding at December 31, 2013 |  |  | 60,000 |  |  | $ | 19.63 |  |  |  |  |  |  |  |  |  |  |  |  |
Forfeited or cancelled |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Outstanding at March 31, 2014 |  |  | 60,000 |  |  | $ | 19.63 |  |  | $ | 7.33 |  |  |  | 3.1 |  |  | $ | — |
Exercisable at March 31, 2014 |  |  | 60,000 |  |  | $ | 19.63 |  |  | $ | 7.33 |  |  |  | 3.1 |  |  | $ | — |
Expected to vest at March 31, 2014 (2) |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
(1) | For in-the-money options
(2) | Options expected to vest reflect estimated forfeitures
There were no stock options granted or exercised in the three months ended March 31, 2014 or 2013. The fair values of shares vested were $12,000 for the three months ended March 31, 2014 and 2013. As of March 31, 2014, there was no unamortized compensation expense for awards granted under the stock option plans that is expected to be recognized over a weighted average period of 1 year. Restricted Stock During the three months ended March 31, 2014, 17,398 shares of restricted stock vested as directors’ and management service requirements were met. A summary of the activity for nonvested restricted stock awards as of and for the three months ended March 31, 2014 is as follows:
|  | Shares |  |  | Weighted Average Grant-Date Fair Value |
Nonvested balance at December 31, 2013 |  |  | 31,795 |  |  | $ | 5.79 |
Vested |  |  | (17,398 | ) |  | $ | 4.81 |
Nonvested balance at March 31, 2014 |  |  | 14,397 |  |  | $ | 5.97 |

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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 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: 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 Reference 3: 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 4: 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 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
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