STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2015

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, 2014		925,819		$	5.04
Canceled		(251,007	)		6.20
Awards		234,651			2.28
Vested		(295,713	)		4.93
Nonvested restricted stock outstanding at June 30, 2015		613,750			3.66

Summary of transactions pertaining to option plans

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, 2014		424,167		$	13.65	4.18 years	$	-
Canceled		(151,500	)		16.22			-
Outstanding at June 30, 2015		272,667			12.22	4.55 years		-
Vested or expected to vest		272,667			12.22	4.55 years		-
Exercisable as of June 30, 2015		272,667			12.22	4.55 years		-

Summary of options outstanding

The following table presents a summary of stock options outstanding:

		At June 30, 2015
		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		192,667		4.94	$	9.39		192,667	$	9.39
$	14.00-$19.99		49,000		2.65		18.02		49,000		18.02
$	20.00-$25.00		31,000		5.10		20.62		31,000		20.62
			272,667		4.55		12.22		272,667		12.22