SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015


		Weighted Average
	Options	Exercise Price
Outstanding as of December 31, 2014	158,718	$	16.64
Granted	—		—
Exercised	—		—
Forfeited	—		—
Expired	—		—
Outstanding as of March 31, 2015	158,718	$	16.64
Exercisable as of March 31, 2015	107,811	$	22.85

Schedule of RSU activity


		Weighted Average
	Number of	Grant-Date Fair Value
	Shares	Per Share
Outstanding as of December 31, 2014	515,038	$	5.78
Granted	141,204	$	5.45
Vested	(97,119)	$	5.40
Forfeited	(26,236)	$	6.19
Outstanding as of March 31, 2015	532,887	$	5.74

Schedule of share-based compensation expense, net of taxes withheld



	Three Months Ended March 31,
	2015		2014
Share-based compensation expense:
Cost of sales	$	31	$	62
Selling, general and administrative		224		161
Income tax benefit (1)		—		—
Net effect of share-based compensation expense on net loss	$	255	$	223
Reduction in earnings per share:
Basic and diluted earnings per share (2)	$	0.02	$	0.02

(1)

Income tax benefit is not illustrated because the Company is currently in a full tax valuation allowance position and an actual income tax benefit was not realized for the three months ended March 31, 2015 and 2014. 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 three months ended March 31, 2015 and 2014 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.