XML 31 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.6

STOCK BASED COMPENSATION | 12 Months Ended
--- | ---
Dec. 31, 2011
Notes To Financial Statements [Abstract] |
Stock-Based Compensation | NOTE 11: STOCK OPTION PLAN Summary of Stock Plan The Company currently has one active stock-based compensation plan, which was approved by shareholders. The Company grants stock options to employees, consultants, and board members at the fair value of its common stock on the date of grant, with a term no greater than ten years. The majority of stock options vest over two or three years. Shareholders who own 10% or more of the Company’s outstanding stock are granted incentive stock options at an exercise price that may not be less than 110% of the fair market value of the Company’s common stock on the date of grant and have a term no greater than five years. In February 2008, the Company’s Board of Directors approved the Mannatech, Incorporated 2008 Stock Incentive Plan (the “2008 Plan”), which reserves up to 1,000,000 shares of common stock for issuance of stock options and restricted stock to our employees, board members, and consultants, plus any shares reserved under the Company’s then-existing, unexpired stock plans for which options had not yet been issued, and any shares underlying outstanding options under the then-existing stock option plans that terminate without having been exercised in full. The 2008 Plan was approved by the Company’s shareholders at the 2008 Annual Shareholders’ Meeting. As of December 31, 2011, the 2008 Plan had 32,222 stock options available for grant, as adjusted for the 1-for-10 reverse stock split that was effective January 13, 2012, before the plan expires on February 20, 2018. A summary of changes in stock options outstanding during the year ended December 31, 2011, as adjusted for the 1-for-10 reverse stock split, is as follows:
| 2011 |
| Number of Options (in thousands) |  | Weighted average exercise price |  | Weighted average remaining contractual life (in years) |  | Aggregate intrinsic value (in thousands) |
Outstanding at beginning of year | 141 |  | $ | 28.87 |  |  |  |
Granted | 37 |  | $ | 11.37 |  |  |  |
Exercised | — |  | $ | — |  |  |  |
Forfeited or expired | (39 | ) | $ | 32.12 |  |  |  |
Outstanding at end of year | 139 |  | $ | 23.24 |  | 8.0 |  | —
Options exercisable at year end | 71 |  | $ | 26.77 |  | 7.4 |  | —
The Company issues new shares upon the exercise of options. No options were exercised during the year ended December 31, 2011. Valuation and Expense Information Under FASB ASC Topic 718 Compensation – Stock Compensation Under the provisions of FASB ASC Topic 718, the Company is required to measure and recognize compensation expense related to any outstanding and unvested stock options previously granted, and thereafter recognize, in its consolidated financial statements, compensation expense related to any new stock options granted after implementation using a calculated fair-value based option-pricing model. The Company uses the Black-Scholes option-pricing model to calculate the fair value of all of its stock options and its assumptions are based on historical information. The following assumptions were used to calculate the compensation expense and the calculated fair value of stock options granted each year:
| 2011 |  | 2010 |  | 2009
Dividend yield: | —(1) |  |  | —(1) |  |  | 1.05 — 2.87 | %
Risk-free interest rate: | 0.78 — 1.82 | % |  | 1.9 — 2.16 | % |  | 1.53 — 2.7 | %
Expected market price volatility: | 71.1 — 72.8 | % |  | 70.8 — 72.4 | % |  | 65.9 — 70.8 | %
Average expected life of stock options: | 4.5 years |  | 4.5 years |  | 4.5 years
_________________________ (1) The Company declared no dividends in 2010 or 2011. The computation of the expected volatility assumption used in the Black-Scholes calculations for new grants is based on historical volatilities of the Company’s stock. The expected life assumptions are based on the Company’s historical employee exercise and forfeiture behavior. The weighted-average grant-date fair value of stock options granted during the years ended December 31, 2011, 2010, and 2009 was $6.39, $10.47, and $15.62 per share, respectively, as adjusted for the 1-for-10 reverse stock split that was effective January 13, 2012. The total fair value of shares vested during the years ended December 31, 2011, 2010, and 2009 was $0.4 million, $0.5 million, and $0.6 million, respectively. The Company recorded the following amounts related to the expense of the fair values of options during the years ended December 31, 2011, 2010, and 2009 (in thousands):
| 2011 |  | 2010 |  | 2009 |
Selling, general and administrative expenses and income (loss) from operations before income taxes | $ | 356 |  | $ | 630 |  | $ | 636 |
Benefit for income taxes |  | 80 |  |  | 85 |  |  | 134 |
Effect on net loss | $ | 276 |  | $ | 545 |  | $ | 502 |
As of December 31, 2011, the Company had approximately $0.4 million of total unrecognized compensation expense related to stock options currently outstanding, to be recognized in future years, ending December 31, as follows (in thousands):
| Total gross unrecognized compensation expense |  | Total tax benefit associated with unrecognized compensation expense |  | Total net unrecognized compensation expense
2012 | $ | 243 |  |  | $ | 39 |  |  | $ | 204 |
2013 |  | 113 |  |  |  | 16 |  |  |  | 97 |
2014 |  | 10 |  |  |  | — |  |  |  | 10 |
| $ | 366 |  |  | $ | 55 |  |  | $ | 311 |

X
- Details
Name: | mtex_NotesToFinancialStatementsAbstract
Namespace Prefix: | mtex_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | us-types:textBlockItemType
Balance Type: | na
Period Type: | duration