|3 Months Ended|
Oct. 31, 2011
|Disclosure of Compensation Related Costs, Share-based Payments [Text Block]||
Note 4 – Share-based compensation
The following table sets forth the amount of expense related to share-based payment arrangements included in specific line items in the accompanying statements of operations:
No excess tax benefits were recognized during the three month periods ended October 31, 2011 and 2010.
Stock option plans
A summary of the activity relating to the Company’s stock option plans for the three month period ended October 31, 2011 is as follows:
As of October 31, 2011, there was no unrecognized compensation cost related to unvested stock option-based compensation.
Restricted Stock Awards
A summary of the activity pursuant to the Company’s restricted stock awards for the three months ended October 31, 2011 is as follows:
The fair value of a restricted stock award is determined based on the closing stock price on the award date. As of October 31, 2011, there was approximately $0.8 million of unrecognized compensation cost related to unvested restricted stock-based compensation to be recognized over a weighted average remaining period of one year.
The total number of shares available for grant as stock options or award as restricted stock is approximately 2,821,000 as of October 31, 2011.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef