STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

STOCKHOLDERS' EQUITY [Abstract]

Summary of transactions pertaining to restricted stock

The following is a summary of transactions pertaining to restricted stock:

	Shares			Weighted Average Grant Date Fair Value Per Share
Nonvested restricted stock outstanding at December 31, 2011		501,551		$	16.10
Restricted stock awarded		1,213,621			4.82
Restricted stock vested		(374,088	)		9.30
Nonvested restricted stock outstanding at December 31, 2012		1,341,084			7.79

Weighted average assumptions for grants

The fair value of the stock options used to compute stock-based compensation is the estimated present value at the date of grant using the Black-Scholes option pricing model. During 2011 there were no new stock option grants.  The weighted average fair values of options granted during 2012 and 2010 were $2.52 and $8.48 respectively, using the following weighted average assumptions for grants:

	At December 31,
	2012			2010
Expected volatility		51.25	%		45.00	%
Expected dividend yield		4	%		0	%
Expected life (term)	4.65 Years			4.82 Years
Risk-free interest rate		0.87	%		1.95	%
Weighted-average exercise price during the year	$	7.79		$	20.78

Summary of transactions pertaining to option plans

The following is a summary of transactions pertaining to the option plans:

	Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding December 31, 2009		1,183,921		$	11.74	4.95 years	$	11,934
Granted		68,000			20.78
Cancelled		(108,875	)		15.15
Exercised		(422,106	)		7.46			5,668
Outstanding December 31, 2010		720,940			14.59	5.14 years		2,095
Cancelled		(74,459	)		12.80
Exercised		(113,106	)		6.29			759
Outstanding December 31, 2011		533,375			16.60	4.68 years		-
Granted		157,000			7.79
Cancelled		(34,500	)		12.26
Outstanding December 31, 2012		655,875			14.72	4.89 years		-
Vested or expected to vest as of December 31, 2012		623,609			15.02	4.67 years		-
Exercisable as of December 31, 2012		494,543			16.60	3.54 years		-

Summary of options outstanding

The following table presents a summary of options outstanding at December 31, 2012:

	At December 31, 2012
	Stock Options Outstanding						Stock Options Exercisable
Range of Exercise Prices	Shares		Contractual Weighted Average life (years)		Weighted Average Price		Shares		Weighted Exercise Price
$4.00-$13.99		262,792		7.11	$	9.63		115,792	$	11.96
$14.00-$19.99		277,083		3.19		16.42		277,083		16.42
$20.00-$25.00		116,000		3.89		22.19		101,668		22.37
		655,875		4.89		14.72		494,543		16.60