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SHARE-BASED COMPENSATION
6 Months Ended
Jun. 30, 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 $441,000 and $97,000, or approximately $0.01 per share and less than $0.01 per share, respectively, for the three months ended June 30, 2013, and 2012, and approximately $659,000 and $186,000, or approximately $0.02 per share and $0.01 per share, for the six months ended June 30, 2013, and 2012, respectively.

 

As of June 30, 2013, there was approximately $605,000 of unrecognized compensation expense related to our two share-based compensation plans which the Company expects to recognize over a period of three years.