SHARE BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Total Share Based Compensation Expense

Total share-based compensation expense for the periods indicated is summarized in the following table (amounts in thousands):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2012		2011		2012		2011
Stock options	$	193	$	221	$	576	$	638
Restricted stock units/restricted stock awards		493		709		1,996		2,635
Employee stock purchase plan		11		14		51		64

	$	697	$	944	$	2,623	$	3,337

Assumptions For Stock Options Granted

We utilized the following assumptions for stock options granted:


		For the Nine Months Ended September 30, 2012
Valuation Assumptions
Risk-free rate		0.9%
Expected volatility		48.5%
Expected term (years)		4.75
Dividend yield		—

Summary of Stock Option Activity Under All Plans

The following table summarizes the stock option activity under all plans from January 1, 2012 through September 30, 2012:


	Stock Options
Outstanding at January 1, 2012		4,442,694
Granted		333,000
Exercised		(999,292	)
Forfeited		(92,722	)

Outstanding at September 30, 2012		3,683,680

Summary of Shares of Outstanding Restricted Stock Units and Restricted Stock Awards Activity

The table below summarizes the activity in the Company’s outstanding restricted stock units and restricted stock awards during the nine months ended September 30, 2012:


	Restricted Stock
	Units ⁽¹⁾			Awards
Outstanding at January 1, 2012		1,671,962			317,092
Granted		590,889			—
Delivered		(114,213	)		(104,912	)
Forfeited		(25,763	)		(12,667	)

Outstanding at September 30, 2012		2,122,875			199,513

⁽¹⁾

The outstanding restricted stock units include approximately $1.5 million restricted stock units which are vested, but the underlying shares of stock have not yet been delivered. Delivery of the underlying shares of stock for these vested units will occur on the earlier of December 31, 2014 or the date on which the employee ceases to be employed by, or provide services to, the Company, unless the employee elected optional early delivery. There is one remaining optional early delivery date in 2013.