STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation with Employees and Nonemployees [Table Text Block]

Total compensation expense recorded for these Plans was as follows for the three months and six months ended June 30, 2013 and 2012:

	For the three months ended June 30,				For the six months ended June 30,
(in thousands)	2013		2012		2013		2012
Employees’ Stock-based Compensation plan	$	616	$	(142)	$	1,657	$	84
Non-employee Directors’ Stock-based Compensation plan		62		75		125		125
Total	$	678	$	(67)	$	1,782	$	209

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes option activity under the Employees’ Stock-Based Compensation Plan:

(in thousands, except per option data)	Number of Options		Weighted- average Exercise Price per Option		Weighted- average Remaining Contractual Life per Option (in years)		Aggregate Intrinsic Value		Period End Liability
Outstanding at January 1, 2012		1,145	$	7.01		7.2	$	-	$	181
Granted		1,200		0.36
Outstanding at December 31, 2012		2,345		3.61		7.8		58		355
Forfeited/Expired		(264)		26.50
Outstanding at June 30, 2013		2,081		0.70		7.9		1,514		1,922
Number of options that were exercisable at:
December 31, 2012		1,333		6.08		6.6
June 30, 2013		1,346		0.89		7.4

Schedule of Share Based Compensation Deferred Shares Granted To Employees [Table Text Block]

The following table summarizes the deferred shares granted to employees. The deferred shares that were issued to employees in the second quarter of 2013 have time and price vesting requirements. Half of the shares vest in three equal tranches over the next three years. The other half of the deferred shares will vest when certain average stock prices have been met.

(in thousands, except  per share data)	Deferred Share Grants	Weighted- average Grant Date Share Price
January 1, 2013	28,904	$	24.98
Granted	312,500		1.46
June 30, 2013	341,404		3.45

Schedule of Share-based Goods and Nonemployee Services Transaction by Supplier [Table Text Block]

The following table summarizes option activity under the Non-employee Directors’ Stock-based Compensation Plan:

(in thousands, except per option data)	Number of Options		Weighted- average Exercise Price per Option		Weighted- average Remaining Contractual Life per Option (in years)		Aggregate Intrinsic Value
Outstanding at January 1, 2012		27.0	$	24.69		1.1	$	-
Expired/Forfeited		(10.0)		24.74
Granted		78.1		0.36		9.8
Outstanding at December 31, 2012		95.1		4.70		8.3		-
Expired/Forfeited		(10.0)		24.07		-
Outstanding at June 30, 2013		85.1		2.4		8.7		54
Number of options that were exercisable at:
December 31, 2012		17.0		24.67		0.4
June 30, 2013		46.1		4.18		8.1

Schedule of Net Income to Shareholders Related to Consolidated Funds and Ventures [Table Text Block]

See the table below which summarizes the director options that vested during the period presented and the deferred shares granted to the directors for services rendered for the six months ended June 30, 2013 and 2012. The directors are fully vested in the deferred shares at the grant date.

(in thousands, except  per share data)	Deferred Share Grants		Weighted- average Grant Date Share Price	Options Vested		Directors’ Fees Expense
June 30, 2013	42,935	$	1.16		39,062	$	125
June 30, 2012	184,596		0.34		-		125