NONVESTED STOCK AWARDS (Tables)

9 Months Ended

Sep. 30, 2013

The following table presents a summary of the Company’s nonvested stock awards for the nine months ended September 30, 2013:

	Number of Shares			Weighted Average Grant Date Price
Outstanding at January 1, 2013		664,249		$	7.70
Granted		59,680			3.77
Vested		(166,500	)		10.76
Forfeited		—			—

Outstanding at September 30, 2013		557,429		$	6.37

Schedule of nonvested stock amortization expense

For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the Plan, which is included in general, administrative and technical management fees, as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2013		2012		2013		2012
General, administrative and technical management fees	$	341	$	403	$	1,156	$	1,377