Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v2.4.0.8
Stock-Based Compensation
3 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation
The Company did not grant stock options during the three months ended March 31, 2014 and granted 58,500 stock options during the comparable prior-year period. The stock options granted during the three months ended March 31, 2013 included 50,000 non-qualified options granted outside of any shareholder-approved plan to a newly hired senior management level employee as an inducement to accept employment with the Company. The non-qualified options granted outside a shareholder-approved plan were structured to mirror the terms of the options granted under the Company's Second Amended and Restated 2007 Stock Incentive Plan (the "2007 Plan"), a shareholder-approved plan, and are subject to a stock option agreement between the Company and the employee. The Company did not grant any restricted stock or restricted stock units during the three months ended March 31, 2014 and 2013, respectively.
The Company recognized the following amounts related to its share-based payment arrangements (in thousands):
 
 
Three Months Ended March 31,
 
 
2014
 
2013
Stock-based compensation cost charged against income, before income tax benefit:
 
 

 
 

Stock options
 
$
257

 
$
376

Restricted stock and restricted stock units
 
169

 
176

Total stock-based compensation
 
$
426

 
$
552

 
 
Three Months Ended 
 March 31,
 
 
2014
 
2013
Stock-based compensation cost included in:
 
 

 
 

Cost of revenues
 
$
29

 
$
42

Operating expenses
 
397

 
510

Total stock-based compensation
 
$
426

 
$
552