STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2013

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
Granted		1,213,621			4.82
Vested		(374,088	)		9.30
Nonvested restricted stock outstanding at December 31, 2012		1,341,084			7.79
Granted		434,308			5.62
Cancelled		(33,529	)		16.70
Vested		(493,917	)		7.41
Nonvested restricted stock outstanding at December 31, 2013		1,247,946			6.77

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 2013 and 2011 there were no new stock option grants.  The weighted average fair values of options granted during 2012 was $2.52 using the following weighted average assumptions for grants:

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

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, 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		-
Cancelled		(108,750	)		14.64
Outstanding December 31, 2013		547,125			14.73	4.56 years		-
Vested or expected to vest as of December 31, 2013		527,527			14.99	4.43 years		-
Exercisable as of December 31, 2013		449,134			16.25	3.77 years		-

Summary of options outstanding

The following table presents a summary of options outstanding at December 31, 2013:

		At December 31, 2013
		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		259,792		6.13	$	9.60		161,801	$	10.70
$	14.00-$19.99		182,333		3.36		17.67		182,333		17.67
$	20.00-$25.00		105,000		2.77		22.33		105,000		22.33
			547,125		4.56		14.73		449,134		16.25