Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity (Tables)

v2.4.0.6
Equity Incentive Plan Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity (Tables)
 12 Months Ended
Dec. 31, 2012
Equity Incentive Plan [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
On May 18, 2011 and May 23, 2012, the Company granted 19,750 and 32,021 shares of restricted common stock, respectively, to its independent directors pursuant to the 2009 equity incentive plan. The estimated fair value of these awards was $10.76 and $10.15 per share, respectively, based on the closing price of the Company's common stock on such date.
 
2012
 
2011
 
Shares
 
Weighted Average Grant Date Fair Market Value
 
Shares
 
Weighted Average Grant Date Fair Market Value
Outstanding at Beginning of Period
51,447

 
$
9.55

 
51,235

 
$
8.86

Granted
32,021

 
10.15

 
19,750

 
10.76

Vested
(58,143
)
 
(9.82
)
 
(19,538
)
 
(8.96
)
Forfeited
—

 
—

 
—

 
—

Outstanding at End of Period
25,325

 
$
9.69

 
51,447

 
$
9.55


For the years ended December 31, 2012, 2011 and 2010, the Company recognized compensation costs related to restricted stock of $0.5 million, $0.3 million, and $0.2 million, respectively.