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STOCK PLANS (Tables)
3 Months Ended
Mar. 31, 2014
STOCK PLANS [Abstract]  
Stock option activity
The following table presents the activity related to stock options for the three months ended March 31, 2014.

   
Number of Shares
  
Weighted Average Exercise Price
  
Aggregate Intrinsic Value
  
Weighted Average Remaining Contractual Term (in years)
 
Options outstanding at Beginning of  Period
  368,177  $11.52       
                
   Granted
  18,967  $7.28       
                
   Expired
  (85,687) $8.89       
                
   Cancelled / Forfeited
            
                
   Exercised
            
                
Options outstanding at End of Period
  301,457  $12.01  $195,961   3.71 
                  
Exercisable (vested) at End of Period
  253,265  $13.13  $141,051   2.70 
Weighted average assumptions used in valuing stock options granted
A summary of the weighted average assumptions used in valuing stock options during the three months ended March 31, 2014 is presented below.

  
Three Months Ended
 
   
March 31, 2014
 
 Risk Free Interest Rate
  1.53%
      
 Expected Dividend Yield
  0.00%
      
 Expected Life in Years
  5 
      
 Expected Price Volatility
  45.93%
Activity related to restricted stock
The following table presents the activity related to non-vested restricted stock for the three months ended March 31, 2014.

   
Number of Shares
  
Weighted Average Grant-Date Fair Value
 
Aggregate Intrinsic Value
Weighted Average Remaining Contractual Term            (in years)
Non-vested Restricted stock outstanding at Beginning of  Period
  61,541  $4.88    
             
   Granted
  24,890  $7.28    
             
   Cancelled / Forfeited
  (4,230) $4.74    
             
   Exercised/Released/Vested
  (11,188) $4.01    
             
Non-vested restricted stock outstanding at End of Period
  71,013  $5.87 
$509,873
8.72
Summary of weighted average assumptions used in valuing ESPP
A summary of the weighted average assumptions used in valuing ESPP issuances during the three months ended March 31, 2014 is presented below.
 
  
Three Months Ended
 
   
March 31, 2014
 
 Risk Free Interest Rate
  0.12%
      
 Expected Dividend Yield
  0.00%
      
 Expected Life in Years
  1.00 
      
 Expected Price Volatility
  20.00%