Note 14 - Vertical Long-term Incentive Plan |
12 Months Ended |
|---|---|
Dec. 31, 2016 | |
| Notes to Financial Statements | |
| Compensation and Employee Benefit Plans [Text Block] | 14. Vertical Long-Term Incentive PlanThe Company established Long-Term Incentive Plans (“Vertical LTIPs”) for the Company’s operating segments, or verticals, during the fourth quarter of 2015. The Vertical LTIPs are consistent in their basic terms, but each have been customized for specific aspects of the associated vertical. The awards pay in cash, however up to 50% of the award may be paid in unrestricted stock if the recipient elects this option when the Vertical LTIP offer letter is received. In addition, at the discretion of the Company, the recipients may be able to elect unrestricted stock in lieu of cash compensation at a later date. The Vertical LTIPs reward participants based on certain measures of free cash flow and EBITDA results adjusted as specified in the plan document. The awards vest in three installments: 60% of the award will pay out immediately following December 31, 2017, 25% one year following the performance period (i.e. December 31, 2018) and 15% two years following the performance period (i.e. December 31, 2019). Payout is subject to the employee remaining employed by the Company. For the years ended December 31, 2016 and 2015, $1,513 and $328 of expense, respectively, is included in “Service expense” in the consolidated statements of income related to this plan. |