XML 16 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accounting for Stock-Based Compensation
 9 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Accounting for Stock-Based Compensation
Note 3:  Accounting for Stock-Based Compensation
 
The Company records compensation expense associated with restricted stock in accordance with ASC Topic 718 (“Share Based Payment”).  The compensation expense related to all of the Company’s stock-based compensation arrangements is recorded as a component of general and administrative expenses.
 
The Company had 731,627 restricted common shares issued under the 2006 Employee Equity Compensation Restricted Stock Plan (“Employee Plan”) and 212,000 restricted common shares issued under the 2006 Outside Director Equity Compensation Restricted Stock Plan (“Director Plan”) at December 31, 2013, all shares of which were issued subject to a restriction or forfeiture period which lapse ratably on the first, second, and third anniversaries of the date of grant, and the fair value of which is being amortized over the three-year restriction period.  For the quarters ended December 31, 2013 and 2012, the Company recognized $374,000 and $458,000, respectively, of compensation expense related to the Employee and Director Plans.  For the nine months ended December 31, 2013 and 2012, the Company recognized $1.1 million and $1.5 million, respectively, of compensation expense related to the Employee and Director Plans.  At December 31, 2013 and 2012, there was $2.9 million and $1.5 million of unrecognized compensation costs related to the non-vested restricted stock awards, respectively, which is expected to be recognized over the next three years.  At December 31, 2013 and 2012, there were 266,000 and 192,000 non-vested restricted shares, respectively.