SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2013

SHARE-BASED COMPENSATION

Schedule of stock option activity

	Options		Weighted Average Exercise Price
Outstanding as of December 31, 2012	286,455		$	26.80
Granted	—		$	—
Exercised	—		$	—
Forfeited	(37,579	)	$	15.94
Expired	(14,039	)	$	103.43
Outstanding as of September 30, 2013	234,837		$	23.96
Exercisable as of September 30, 2013	100,031		$	45.96

Schedule of RSU activity

	Number of RSU’s		Weighted Average Grant-Date Fair Value Per RSU
Outstanding as of December 31, 2012	761,662		$	6.01
Granted	463,218		$	3.68
Vested	(280,624	)	$	6.76
Forfeited	(204,797	)	$	4.50
Outstanding as of September 30, 2013	739,459		$	4.66

Schedule of share-based compensation expense

	Nine Months Ended September 30,
	2013		2012
Share-based compensation expense:
Selling, general and administrative	$	1,438	$	2,079
Income tax benefit (1)	—		—
Net effect of share-based compensation expense on net loss	$	1,438	$	2,079
Reduction in earnings per share:
Basic and diluted earnings per share (2)	$	0.10	$	0.15

(1) Income tax benefit is not illustrated because the Company is currently operating at a loss and an actual income tax benefit was not realized for the nine months ended September 30, 2013 and 2012. The result of the loss situation creates a timing difference, resulting in a deferred tax asset, which is fully reserved for in the Company’s valuation allowance.

(2) Diluted earnings per share for the nine months ended September 30, 2013 and 2012 does not include common stock equivalents due to their anti-dilutive nature as a result of the Company’s net losses for these respective periods. Accordingly, basic earnings per share and diluted earnings per share are identical for all periods presented.