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SHARE-BASED COMPENSATION
6 Months Ended
Jun. 30, 2014
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 Operations 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 Operations of approximately $142,000 and $441,000, or less than $0.01 per share and approximately $0.02 per share, respectively, for the three months ended June 30, 2014, and 2013, and approximately $380,000 and $659,000, approximately $0.02 per share and $0.03 per share, for the six months ended June 30, 2014, and 2013, respectively.

 

As of June 30, 2014, there was approximately $206,000 of unrecognized compensation expense related to our two share-based compensation plans which the Company expects to recognize over a period of three years.