XML 18 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Option Plan And Other Share-Based Compensation
 3 Months Ended
Jan. 31, 2013
Stock Option Plan And Other Share-Based Compensation [Abstract]  
Stock Option Plan And Other Share-Based Compensation

(2) Stock Option Plan and Other Share-Based Compensation

As of January 31, 2013, there were approximately 161,000 and 55,000 remaining shares available for grant under the Optical Cable Corporation 2011 Stock Incentive Plan and the Optical Cable Corporation 2005 Stock Incentive Plan, respectively.

Share-based compensation expense for employees and Non-employee Directors recognized in the condensed consolidated statements of income for the three months ended January 31, 2013 and 2012 was $336,798 and $253,843, respectively, and was entirely related to expense recognized in connection with the vesting of restricted stock awards.

Restricted Stock Awards

The Company has granted, and anticipates granting from time to time, restricted stock awards subject to approval by the Compensation Committee of the Board of Directors.

Restricted stock award activity during the three months ended January 31, 2013 consisted of 69,025 restricted shares withheld for taxes in connection with the vesting of restricted shares.

As of January 31, 2013, the maximum amount of compensation cost related to unvested equity-based compensation awards in the form of service-based and operational performance-based shares that the Company will have to recognize over a 2.6 year weighted-average period is approximately $1.3 million.