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STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2012
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] Summary of Share Based Payment Award, Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended
June 30,

 

 

 

 

 

 

2012

 

2011

 

 

 

 

 

Expected option lives

 

 

3.5 

years

 

 

3.5 

years

 

Expected volatility

 

 

51.75%

 

 

55.98%

 

Risk-free interest rate

 

 

0.58%

 

 

1.54%

 

Expected dividend yield

 

 

5.47%

 

 

3.51%

 

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] A summary of the activity of the Company’s 1998 Stock Incentive Plan (the “1998 Plan”) and 2007 Plan pertaining to stock option grants is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares
Underlying
Awards

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic
Value
($000)

 

Weighted
Average
Remaining Contractual
Life (In Years)

 

 

 

 

 

 

 

Awards outstanding, December 31, 2011

 

 

1,008,544

 

$

4.63

 

 

 

 

 

 

 

Options granted

 

 

1,953,500

 

$

1.83

 

 

 

 

 

 

 

Options cancelled

 

 

(50,005

)

$

3.22

 

 

 

 

 

 

 

Options expired

 

 

(1,666

)

$

2.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards outstanding, March 31, 2012

 

 

2,910,373

 

$

2.77

 

 

 

 

 

 

 

Options granted

 

 

255,874

 

$

1.73

 

 

 

 

 

 

 

Options cancelled

 

 

(216,505

)

$

2.22

 

 

 

 

 

 

 

Options expired

 

 

(132,495

)

$

8.76

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards outstanding, June 30, 2012

 

 

2,817,247

 

$

2.44

 

$

—

 

 

5.39

 

 

 

 

 

 

 

 

 

Awards vested and expected to vest at June 30, 2012

 

 

2,420,712

 

$

2.53

 

$

—

 

 

5.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards exercisable at June 30, 2012

 

 

425,694

 

$

5.32

 

$

—

 

 

1.53

 

 

 

 

 

 

 

 

 

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] A summary of the activity of the 1998 Plan and 2007 Plan pertaining to grants of restricted stock units is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares
Underlying
Awards

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic
Value
($000)

 

Weighted
Average
Remaining
Contractual
Life (In Years)

 

 

 

 

 

 

 

Awards outstanding, December 31, 2011

 

 

2,448,376

 

$

—

 

 

 

 

 

 

 

Restricted stock units granted

 

 

199,998

 

$

—

 

 

 

 

 

 

 

Restricted stock units settled by delivery of common stock upon vesting

 

 

(883,256

)

$

—

 

 

 

 

 

 

 

Restricted stock units cancelled

 

 

(307,337

)

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards outstanding, March 31, 2012

 

 

1,457,781

 

$

—

 

 

 

 

 

 

 

Restricted stock units granted

 

 

43,246

 

$

—

 

 

 

 

 

 

 

Restricted stock units settled by delivery of common stock upon vesting

 

 

(22,082

)

$

—

 

 

 

 

 

 

 

Restricted stock units cancelled

 

 

(116,001

)

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards outstanding, June 30, 2012

 

 

1,362,944

 

$

—

 

$

2,044

 

 

1.81

 

 

 

 

 

 

 

 

 

Awards vested and expected to vest at June 30, 2012

 

 

1,224,007

 

$

—

 

$

1,836

 

 

1.68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards exercisable at June 30, 2012

 

 

—

 

$

—

 

$

—

 

 

—

 

 

 

 

 

 

 

 

 

Schedule Of Unvested Share-Based Payment Awards [Table Text Block] A summary of the status of the Company’s unvested share-based payment awards as of March 31, 2012 and changes in the three-month period then ended, is as follows:

 

 

 

 

 

 

 

 

Unvested Awards

 

Number of
Shares

 

Weighted
Average Grant
Date Fair Value

 

 

 

Shares underlying awards unvested at December 31, 2011

 

 

3,095,801

 

$

2.39

 

Shares underlying options granted

 

 

2,209,374

 

$

0.48

 

Shares underlying restricted stock units granted

 

 

243,244

 

$

1.77

 

Shares underlying options vested

 

 

(198,736

)

$

0.93

 

Shares underlying restricted stock units vested

 

 

(905,338

)

$

2.80

 

Shares underlying options cancelled

 

 

(266,510

)

$

0.69

 

Shares underlying restricted stock units cancelled

 

 

(423,338

)

$

2.56

 

 

 

 

 

 

 

Shares underlying awards unvested at June 30, 2012

 

 

3,754,497

 

$

1.31