SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Restricted Stock Activity

A summary of the Company’s activity with respect to the issuance of restricted stock pursuant to its amended and restated equity incentive plan for the nine months ended September 30, 2014, is below:

			Weighted-Average
(shares in thousands)	Shares		Fair Value per Share (1)
Nonvested shares at beginning of period		22	$	10.40
Granted		80	$	10.40
Vested		(31)	$	10.40
Forfeited		(3)	$	10.40
Nonvested shares at end of period		68	$	10.40

(1) Based on the Company’s most recent primary offering price in the follow-on offering of $10.40 per share on the grant date.

Components of Share-Based Compensation

The following table summarizes other share-based compensation data:

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
(in thousands, except per share data)	2014		2013		2014		2013
Share-based compensation expense	$	97	$	22	$	442	$	144
Total fair value of restricted stock vested	$	-	$	-	$	321	$	77
Weighted-average grant date fair value of restricted stock granted, per share (1)	$	10.40	$	10.40	$	10.40	$	10.40

(1) Based on the Company’s most recent primary offering price in the follow-on offering of $10.40 per share on the grant date.