Share-based Compensation (Tables)

9 Months Ended

Sep. 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:

	September 30,
	2012			2011
Risk-free interest rate		1.97	%		2.19	%
Expected dividend yield		-			-
Expected volatility		72.90	%		53.10	%
Expected lives (years)		4.83			5.47

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		(12,500	)		7.81		-		-
Expired		(16,000	)		10.00		-		-
Forfeited		(128,248	)		9.07		-		-
Outstanding at September 30, 2012		3,088,367		$	9.89		6.19	$	-
Exercisable at September 30, 2012		1,677,367					4.15	$	-

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 September 30, 2012		-		$	-		-