Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2012


	Three months ended June 30,
(in thousands)	2012		2011
Stock-based compensation expense	$	381	$	312
Income tax benefit		—		—

Total stock-based compensation expense after taxes	$	381	$	312

Option activity


	Shares
Outstanding on March 31, 2012		2,254,103
Granted		340,000
Exercised		(15,700	)
Forfeited		(5,500	)
Expired		(106,750	)

Outstanding on June 30, 2012		2,466,153

Restricted stock activity

Restricted Stock

The following table sets forth restricted stock activity for the three months ended June 30, 2012:


	Shares
Non-vested as of March 31, 2012		1,045,000
Granted		70,000
Vested		(337,500	)
Forfeited		0

Non-vested as of June 30, 2012		777,500

The weighted average fair value of restricted stock awards granted during the three months ended June 30, 2012 was $2.36 per share.

RSUs

The following table sets forth the RSU activity for the three months ended June 30, 2012:


	Shares
Non-vested as of March 31, 2012		500,000
Granted		360,000
Vested		(100,000	)
Forfeited		0

Non-vested as of June 30, 2012		760,000

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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