STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2014

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, 2013		1,247,946		$	6.77
Granted		229,955			3.83
Canceled		(150,372	)		9.00
Vested		(156,694	)		4.52

Nonvested restricted stock outstanding at September 30, 2014		1,170,835			5.80

Summary of transactions pertaining to option plans

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. The following is a summary of transactions pertaining to stock options:

	Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2013		547,125		$	14.73	4.56 years	$	-
Canceled		(70,500	)		20.76			-

Outstanding at September 30, 2014		476,625			13.84	4.14 years		-

Vested or expected to vest		467,493			13.96	4.07 years		-

Exercisable as of September 30, 2014		430,965			14.48	3.79 years		-

Summary of options outstanding

The following table presents a summary of stock options outstanding:

		At September 30, 2014
		Stock Options Outstanding						Stock Options Exercisable
Range of Exercise Prices		Shares		Contractual Weighted Average Life (years)		Weighted Average Price		Shares		Weighted Average Exercise Price
$	4.00-$13.99		244,792		5.36	$	9.63		199,132	$	10.05
$	14.00-$19.99		173,333		2.48		17.55		173,333		17.55
$	20.00-$25.00		58,500		3.92		20.48		58,500		20.48

			476,625		4.14		13.84		430,965		14.48