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Shareholders' Equity
 6 Months Ended
Jun. 30, 2014
Shareholders' Equity [Abstract]  
Shareholders' Equity
8)       Shareholders’ Equity

Common Stock

2001 Stock Compensation Plan.  The 2001 Stock Compensation Plan terminated on April 23, 2013 and, accordingly, no shares have been issued under this plan subsequent to that date.  During the three months ended June 30, 2013, the Company issued 15,000 shares of common stock to eligible officers of the Company under the 2001 Stock Compensation Plan and recorded $25,000 in compensation expense.  During the six months ended June 30, 2013, the Company issued 30,000 shares of common stock to eligible officers of the Company under the plan and recorded $48,000 in compensation expense.

The following table details the changes in common stock during the six months ended June 30, 2014:

           
(Amounts in thousands, except for share amounts)
 
         
Additional
 
   
Common Stock
  
Paid-In
 
   
Shares
  
Amount
  
Capital
 
           
 Balance January 1, 2014
  27,735,878  $277  $123,510 
 Exercise of employee stock options
  153,447   2   (64)
 Exercise of outside director options
  7,372   --   8 
 Expense of employee options vesting
  --   --   86 
 Expense of outside director options vesting
  --   --   60 
 Balance June 30, 2014
  27,896,697  $279  $123,600 
 
Stock Option Plans

The following table represents the activity in employee stock options and non-employee director stock options for the six months ended June 30, 2014:


   
June 30, 2014
 
   
Employee Stock Options
  
Director Stock Options
 
      
Weighted
     
Weighted
 
      
Average
     
Average
 
      
Exercise
     
Exercise
 
   
Options
  
Price
  
Options
  
Price
 
              
Outstanding balance at December 31, 2013
  2,500,949  $3.60   146,000  $2.93 
Granted
  --  $--   --  $-- 
Forfeited
  (3,333) $2.32   --  $-- 
Expired
  --  $--   --  $-- 
Exercised
  (390,203) $2.46   (13,334) $2.72 
Outstanding at June 30, 2014
  2,107,413  $3.82   132,666  $2.96 
Exercisable at June 30, 2014
  1,747,416  $4.16   84,000  $3.31 
                  
Weighted Average Remaining Contractual Life - Years
   4.14       6.78 
                  
Aggregate intrinsic value of options outstanding ($ Thousands)
  $1,738      $189 


Employee Stock Option Plans.  During the three months ended June 30, 2014 and 2013, we recorded $43,000 and $16,000, respectively, in compensation expense for employee stock options.  During the six months ended June 30, 2014 and 2013, we recorded $86,000 and $32,000, respectively, in compensation expense for employee stock options.  As of June 30, 2014, there was $277,000 of total unrecognized compensation cost related to employee stock options, which is expected to be amortized over a weighted average period of 1.79 years.  The aggregate intrinsic value of employee stock options exercised during the three and six months ended June 30, 2014 was $584,000 and $724,000, respectively.

Director Stock Option Plans.  During the three months ended June 30, 2014 and 2013, we recorded $44,000 and $16,000, respectively, in expense for options issued to non-employee directors.  During the six months ended June 30, 2014 and 2013, we recorded $60,000 and $31,000, respectively, in expense for options issued to non-employee directors.  As of June 30, 2014, there was $44,000 of total unrecognized compensation cost related to director stock options, which is expected to be amortized over a weighted average period of 1.39 years.  The aggregate intrinsic value of director stock options exercised during the three and six months ended June 30, 2014 was $0 and $28,000, respectively.