EQUITY-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

Equity-based compensation

Schedule of stock option activity

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Terms	Aggregate Intrinsic Value (Current Value Less Exercise Price)
		(Per share)		(In years)	(in thousands)
Outstanding, December 31, 2012	893,000	$	9.75	—	$	—
Granted	—
Exercised	—
Forfeited	—
Outstanding, June 30, 2013	893,000	$	9.75	8	$	—
Exercisable, June 30, 2013	357,200	$	9.75	8	$	—

Schedule of equity-based compensation expense

Equity-based compensation expense for second quarter and first six months 2013 and 2012 follows (in thousands):

	Second Quarter				First Six Months
	2013		2012		2013		2012
Included in corporate general and administrative salaries and other compensation in the statements of operations:
Stock options	$	156	$	126	$	311	$	252
Time-based restricted stock	167		72		276		72
Performance-based restricted stock	231		71		371		71
	554		269		958		395
Included in corporate general and administrative other in the statements of operations:
Director stock	295		120		312		120
	$	849	$	389	$	1,270	$	515

Time Based Restricted Stock

Equity-based compensation

Schedule of restricted stock awards

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Current Value
		(Per share)		(In thousands)
Non-vested, December 31, 2012	82,603	$	7.78	$	—
Granted	106,518	$	9.78
Vested	27,535	$	7.78
Forfeited	—
Non-vested, June 30, 2013	161,586	$	9.10	$	1,527

Performance Based Restricted Stock

Equity-based compensation

Schedule of restricted stock awards

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Current Value
		(Per share)		(In thousands)
Non-vested, December 31, 2012	82,602	$	7.78	$	—
Granted	185,572	$	9.78
Vested	—
Forfeited	—
Non-vested, June 30, 2013	268,174	$	9.16	$	2,534