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 Plan
 
The 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.