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SHARE-BASED COMPENSATION
3 Months Ended
Mar. 31, 2013
SHARE-BASED COMPENSATION  
SHARE-BASED COMPENSATION

NOTE F — SHARE-BASED COMPENSATION

 

The Company accounts for share-based compensation awards and for unvested awards outstanding using the modified prospective application method.  Accordingly, we recognized the fair value of the share-based compensation awards as wages in the Consolidated Statements of Earnings on a straight-line basis over the vesting period.  We have recognized compensation expense, relative to share-based awards, in wages in the Consolidated Statements of Earnings of approximately $151,000 and $48,000, less than $0.01 per share, for the three months ended March 31, 2013, and 2012, respectively.

 

As of March 31, 2013, there was approximately $1,027,000 of unrecognized compensation expense, related to our two share-based compensation plans, which the Company expects to recognize over a period of three years.