Share-based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Fair value of grant on date of grant using the Black-Scholes options pricing model

The Company estimated the fair value of each grant on the date of grant using the Black-Scholes options pricing model with the following weighted average assumptions:

	June 30,
	2012	2011
Risk-free interest rate	1.97%	2.96%
Expected dividend yield	-	-
Expected volatility	72.90%	55.07%
Expected lives (years)	4.83	5.40

Summary of status of Company's equity compensations plans

A summary of the status of the Company's equity compensations plans is presented below.

						Weighted-
						average
				Weighted		remaining
				average		contractual		Aggregate
				exercise		term		intrinsic
	Shares			price		(years)		value
	(in thousands, except per share data)

Outstanding at January 1, 2012		2,745,115		$	10.10
Granted		500,000			8.50		-		-
Exercised		(5,000	)		7.81		-		-
Expired		-			-		-		-
Forfeited		(20,874	)		9.16		-		-
Outstanding at June 30, 2012		3,219,241		$	9.86		6.46	$	-
Exercisable at June 30, 2012		1,584,741					3.95	$	-

Summary of status of Company's stock appreciation rights

A summary of the status of the Company's stock appreciation rights is presented below.

						Average
						remaining
				Weighted-		contractual
				average		term
	Shares			price		(years)

Outstanding at January 1, 2012		60,000		$	11.41
Granted		-			-		-
Exercised		-			-		-
Expired/forfeited		(60,000	)		11.41		-
Outstanding at June 30, 2012		-		$	-		-