Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Share-Based Compensation

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Note 11 - Share-Based Compensation
3 Months Ended
Sep. 30, 2011
Share-based Compensation, Option and Incentive Plans, Director Policy [Policy Text Block]
(11)    Share-Based Compensation

During the quarter ended September 30, 2011, the Company awarded options to purchase 30,000 shares of our common stock to certain executives other than Mr. Kathwari, at the closing stock price on the respective grant dates. These options vest in four equal annual installments on the grant date anniversary. On July 26, 2011, as a result of the Company’s performance, the Compensation Committee of the Company’s board of directors awarded M. Farooq Kathwari, our President and Chief Executive Officer 30,000 service-based restricted shares which vest in three equal annual installments on the grant date anniversary.