STOCK PLANS (Tables)

3 Months Ended

Mar. 31, 2014

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

A summary of the weighted average assumptions used in valuing stock options during the three months ended March 31, 2014 is presented below.

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

A summary of the weighted average assumptions used in valuing ESPP issuances during the three months ended March 31, 2014 is presented below.