STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2014

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quantity and vesting conditions for shares of restricted stock granted

A summary of the quantity and vesting conditions for restricted stock awards granted to its employees under the ISAP for the year ended December 31, 2014 was as follows:

Vesting conditions	Number of Shares of Restricted Stock Granted	Number of Restricted Stock Units Granted	Total
Performance and service conditions (1) (2)	476,500	85,000	561,500
Immediately vested	1,400	—	1,400
Vest 100% on the third anniversary of the grant date with service conditions only	5,000	—	5,000
Total shares of stock award granted	482,900	85,000	567,900

(1) The performance conditions with respect to restricted stock may be satisfied as follows: 

(a) 50% of the shares of restricted stock may be earned on the basis of performance as measured by a “Return on Gross Margin Ratio,” defined as the percentage (i) gross margin minus selling, general and administrative expenses for the year ended December 31, 2014 divided by the (i)) gross margin for the year ended December 31, 2014; and

(b) 50% of the shares of restricted stock may be earned on the basis of performance as measured by “Net Cash Position from Operations,” defined as net cash position from operations for the year ended December 31, 2014 excluding any proceeds from divestitures.

(2) To the extent shares are earned on the basis of performance, such shares will vest on the basis of service as follows:

(a) 33% of the shares vest on March 1, 2015;

(b) 33% of the shares vest on March 1, 2016; and

(c) 34% of the shares vest on March 1, 2017; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.

Schedule of stock-based compensation expense

For the years ended December 31,2014, 2013 and 2012, the Company’s stock-based compensation expense related to stock options, restricted stock and restricted stock units, which are included under the caption “Salaries and related” in the accompanying Consolidated Statements of Operations and Other Comprehensive Income (Loss), were as follows: 

	For The Year Ended December 31,
	2014		2013		2012
Stock options	$	85	$	354	$	704
Restricted stock	798		1,274		1,275
Restricted stock units	442		462		595
Total	$	1,325	$	2,090	$	2,574
Tax benefits recognized in jurisdictions where the Company has taxable income	$	98	$	130	$	105

Schedule of unrecognized compensation cost, nonvested awards

As of December 31, 2014 and 2013, unrecognized compensation expense and weighted average period over which the compensation expense is expected to be recognized relating to the unvested portion of the Company's stock options, restricted stock, and restricted stock unit awards, in each case, based on the Company's historical valuation treatment, were as follows: 

	As of December 31,
	2014			2013
	Unrecognized Expense		Weighted Average Period in Years	Unrecognized Expense		Weighted Average Period in Years
Stock options	$	—	—	$	85	0.36
Restricted stock	$	1,561	1.32	$	1,527	1.76
Restricted stock units	$	239	1.26	$	162	1.36

Changes in stock options

Changes in the Company’s stock options for the years ended December 31, 2014, 2013 and 2012 were as follows: 

	For The Year Ended December 31,
	2014				2013				2012
	Number of Options		Weighted Average Exercise Price per Share		Number of Options		Weighted Average Exercise Price per Share		Number of Options		Weighted Average Exercise Price per Share
Options outstanding at January 1,	800,350		$	9.15	1,238,650		$	11.21	1,396,350		$	11.36
Granted	—		—		—		—		—		—
Expired	(43,550	)	15.50		(438,300	)	14.99		(157,700	)	12.55
Options outstanding at December 31,	756,800		$	8.78	800,350		$	9.15	1,238,650		$	11.21
Options exercisable at December 31,	756,800		$	8.78	600,350		$	10.47	838,650		$	13.96

Weighted average remaining contractual term and Instrinsic value of stock options

The weighted average remaining contractual term and the aggregated intrinsic value for stock options outstanding and exercisable as of December 31, 2014 and 2013 were as follows:

	As of December 31,
	2014			2013
	Remaining Contractual Term in Years	Aggregated Intrinsic Value		Remaining Contractual Term in Years	Aggregated Intrinsic Value
Stock options outstanding	4.04	$	—	4.89	$	—
Stock options exercisable	4.04	$	—	4.07	$	—

Changes in restricted stock

Changes in the Company’s restricted stock for the years ended December 31, 2014, 2013 and 2012 were as follows:

	For The Year Ended December 31,
	2014				2013				2012
	Number of Shares of Restricted Stock		Weighted Average Grant Date Fair Value		Number of Shares of Restricted Stock		Weighted Average Grant Date Fair Value		Number of Shares of Restricted Stock		Weighted Average Grant Date Fair Value
Unvested restricted stock at January 1,	997,802		$	3.00	1,028,916		$	4.87	1,166,082		$	5.12
Granted	482,900		3.22		883,321		2.44		638,230		4.59
Vested	(182,251	)	5.21		(406,158	)	5.09		(461,200	)	4.86
Forfeited	(494,452	)	2.39		(508,277	)	4.16		(314,196	)	5.26
Unvested restricted stock at December 31,	803,999		$	3.00	997,802		$	3.00	1,028,916		$	4.87

Changes in restricted stock units

Changes in the Company’s restricted stock units arising from grants to certain employees and non-employees directors for the years ended December 31, 2014, 2013 and 2012 were as follows:

	For The Year Ended December 31,
	2014				2013				2012
	Number of Shares of Restricted Stock Unit		Weighted Average Grant-Date Fair Value		Number of Shares of Restricted Stock Unit		Weighted Average Grant-Date Fair Value		Number of Shares of Restricted Stock Unit		Weighted Average Grant-Date Fair Value
Unvested restricted stock units at January 1,	115,869		$	3.65	100,000		$	5.18	100,000		$	5.18
Granted	175,759		3.40		175,860		2.90		76,023		5.13
Vested	(122,522	)	3.86		(154,991	)	3.81		(76,023	)	5.13
Forfeited	(49,166	)	2.42		(5,000	)	2.42		—		—
Unvested restricted stock units at December 31,	119,940		$	3.57	115,869		$	3.65	100,000		$	5.18

Schedule of expenses and contributions for the prior years' employer-matching liability for the 401(k) plan

For the years ended December 31, 2014, 2013 and 2012, the Company’s expenses and contributions to satisfy the prior years’ employer-matching liability for the 401(k) plan were as follows: 

	For The Year Ended December 31,
($ in thousands, except otherwise stated)	2014		2013		2012
Expense recognized for the 401(k) plan	$	385	$	483	$	635
Contributions to satisfy prior years' employer-matching liability
Number of shares of the Company's common stock issued (in thousands)	118		—		124
Market value per share of the Company's common stock on contribution date (in dollars)	$	3.65	$	—	$	5.35
Non-cash contribution made for employer matching liability	$	430	$	—	$	666
Additional cash contribution made for employer-matching liability	—		651		—
Total contribution made for employer-matching liability	$	430	$	651	$	666

Restricted stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Disclosure of share based compensation arrangements other than options fair value vested

The total fair value of restricted stock vested during the years ended December 31, 2014, 2013 and 2012 were as follows:

	For The Year Ended December 31,
	2014		2013		2012
Fair value of restricted stock vested	$	669	$	1,596	$	2,239

Restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Disclosure of share based compensation arrangements other than options fair value vested

The total fair value of restricted stock units vested during the years ended December 31, 2014, 2013 and 2012 were as follows:

	For The Year Ended December 31,
	2014		2013		2012
Fair value of restricted stock units vested	$	436	$	461	$	390