Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v2.4.0.6
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2012
Unrecognized Share-Based Compensation Expense

As of September 30, 2012, unrecognized share-based compensation expense was as follows:

 

     Unrecognized
Expense
     Average Expected
Recognition Period
 
     (In Thousands)  

Stock Option Awards

   $ 84         2.3 years   

Restricted Stock Awards

     92         1.8 years   
  

 

 

    

Total Unrecognized Share-Based Compensation Expense

   $ 176         2.1 years   
  

 

 

    
Share-Based Payment Award Activity

The table below provides stock option information for the three months ended September 30, 2012:

 

     Number
of

Shares
    Weighted-
Average
Exercise
Price Per
Share
     Weighted-
Average
Remaining
Contractual
Life
     Aggregate
Intrinsic
Value of
In-the-Money
Options
 
     (Dollars in Thousands, Except Per Share Data)  

Options Outstanding at Beginning of Period

     129,900      $ 79.86         5.1 years       $ 14  (1) 

Options Expired

     (1,075   $ 129.01         2.7 years         —     
  

 

 

         

Options Outstanding at End of Period

     128,825      $ 79.45         4.9 years       $ 120  (2) 

Options Exercisable at End of Period

     105,325      $ 94.92         4.3 years       $ 57  (2) 

(1)

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $10.48 as of June 30, 2012, over the exercise price, multiplied by the number of options.

(2)

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $12.81 as of September 30, 2012, over the exercise price, multiplied by the number of options.

The table below provides stock option information for the nine months ended September 30, 2012:

 

     Number
of

Shares
    Weighted-
Average
Exercise
Price Per
Share
     Weighted-
Average
Remaining
Contractual
Life
     Aggregate
Intrinsic
Value of
In-the-Money
Options
 
     (Dollars in Thousands, Except Per Share Data)  

Options Outstanding at Beginning of Period

     143,325      $ 81.27         5.5 years       $ —    (1) 

Options Expired

     (14,500   $ 97.49         4.2 years       $ —     
  

 

 

         

Options Outstanding at End of Period

     128,825      $ 79.45         4.3 years       $ 120  (2) 

Options Exercisable at End of Period

     105,325      $ 94.92         4.3 years       $ 57  (2) 

(1) 

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $7.40 as of December 31, 2011, over the exercise price, multiplied by the number of options.

(2)

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $12.81 as of September 30, 2012, over the exercise price, multiplied by the number of options.

Information for Restricted Stock Awards

The table below provides information for restricted stock awards for the three and nine months ended September 30, 2012:

 

     Three Months Ended
September 30, 2012
     Nine Months Ended
September 30, 2012
 
     Number
of
Shares
     Weighted-
Average
Grant Date
Fair Value
Per Share
     Number
of
Shares
    Weighted-
Average
Grant Date
Fair Value
Per Share
 

Restricted Stock at Beginning of Period

     13,225       $ 12.10         19,725      $ 11.87   

Restricted Stock Vested

     —         $ —           (6,500   $ 10.75   
  

 

 

       

 

 

   

Restricted Stock at End of Period

     13,225       $ 12.10         13,225      $ 12.10