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Employee Benefit Plans
3 Months Ended
Mar. 31, 2012
Employee Benefit Plans
(5) Employee Benefit Plans

 

Restricted Stock

 

For the three months ended March 31, 2012 and March 31, 2011, the Company granted 250,000 and 66,250 shares of restricted stock, respectively, under the 2006 Omnibus Incentive Compensation Plan. For the three months ended March 31, 2012 and 2011, the Company recorded non-cash compensation expense included in selling, general and administrative expenses associated with vesting awards of $0.1 million and $0.2 million in both periods. At March 31, 2012, there was approximately $0.5 million of unrecognized stock compensation with a weighted average remaining life of 2.3 years.