Note 4 - Accounting for Stock-based Compensation	3 Months Ended
Jun. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	Note 4 : Accounting for Stock-Based Compensation The Company records compensation expense associated with restricted stock in accordance with ASC Topic 718 ( “Share Based Payment ” ) (ASU 2016 - 09 ). 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 972,175 restricted common shares issued under the 2006 Employee Equity Compensation Restricted Stock Plan ( “2006 Employee Plan”), 85,033 restricted common shares issued under the 2016 Employee Equity Compensation Restricted Stock Plan ( “2016 Employee Plan” and collectively referred to with the 2006 Employee Plan as the “Employee Plans”), 272,000 restricted common shares issued under the 2006 Outside Director Equity Compensation Restricted Stock Plan ( “2006 Director Plan”), and 97,500 restricted common shares issued under the 2015 Outside Director Equity Compensation Restricted Stock Plan ( “2015 Director Plan”, and collectively referred to with the 2006 Director Plan as the “Director Plans”) at June 30, 2019, all shares of which were issued subject to a restriction or forfeiture period that lapses 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. The Company did not issue any shares of restricted stock during the quarter. For the quarters ended June 30, 2019 and 2018, the Company recognized $635,000 and $719,000, respectively, of compensation expense related to the Employee and Director Plans. At June 30, 2019 and 2018, there was $3.2 million and $3.7 million of unrecognized compensation cost related to the non-vested restricted stock awards, respectively, which is expected to be recognized over the next three years. At June 30, 2019 and 2018, there were 150,000 and 193,000 non-vested restricted shares, respectively.

Note

Accounting for

Stock-Based Compensation

The Company records compensation expense associated with restricted stock in accordance with ASC Topic

718

(

“Share Based Payment

”

) (ASU

2016

). 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

972,175

restricted common shares issued under the

2006

Employee Equity Compensation Restricted Stock Plan (

“2006

Employee Plan”),

85,033

restricted common shares issued under the

2016

Employee Equity Compensation Restricted Stock Plan (

“2016

Employee Plan” and collectively referred to with the

2006

Employee Plan as the “Employee Plans”),

272,000

restricted common shares issued under the

2006

Outside Director Equity Compensation Restricted Stock Plan (

“2006

Director Plan”), and

97,500

restricted common shares issued under the

2015

Outside Director Equity Compensation Restricted Stock Plan (

“2015

Director Plan”, and collectively referred to with the

2006

Director Plan as the “Director Plans”) at

June 30, 2019,

all shares of which were issued subject to a restriction or forfeiture period that lapses 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.

The Company did

not

issue any shares of restricted stock during the quarter. For the quarters ended

June 30, 2019

and

2018,

the Company recognized

$635,000

and

$719,000,

respectively, of compensation expense related to the Employee and Director Plans. At

June 30, 2019

and

2018,

there was

$3.2

million and

$3.7

million of unrecognized compensation cost related to the non-vested restricted stock awards, respectively, which is expected to be recognized over the next

three

years. At

June 30, 2019

and

2018,

there were

150,000

and

193,000

non-vested restricted shares, respectively.