STOCK PLANS (Tables)

3 Months Ended

Mar. 31, 2013

The following table presents the activity related to stock options for the three months ended March 31, 2013.

	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Options outstanding at Beginning of Period		383,045		$	11.71

Granted		22,950		$	5.88

Expired		(48,502	)	$	7.74

Cancelled / Forfeited		—			—

Exercised		—			—

Options outstanding at End of Period		357,493		$	11.87	$	72,484		3.48

Exercisable (vested) at End of Period		311,503		$	12.84	$	46,223		2.66

A summary of the weighted average assumptions used in valuing stock options during the three months ended March 31, 2013 is presented below.

The following table presents the activity related to non-vested restricted stock for the three months ended March 31, 2013.

	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (in years)
Restricted stock outstanding at Beginning of Period		47,707		$	4.53

Granted		19,380		$	5.88

Cancelled / Forfeited		—			—

Exercised/Released/Vested		(8,805	)	$	4.37

Restricted stock outstanding at End of Period		58,282		$	5.00	$338,036	8.61

A summary of the weighted average assumptions used in valuing ESPP issuances during the three months ended March 31, 2013 is presented below.