EQUITY-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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, September 30, 2013	893,000	$	9.75	7.4	$	—
Exercisable, September 30, 2013	357,200	$	9.75	7.4	$	—

Schedule of equity-based compensation expense

Equity-based compensation expense for the third quarter and first nine months of 2013 and 2012 follows (in thousands):

	Third Quarter				First Nine Months
	2013		2012		2013		2012
Included in corporate general and administrative salaries and other compensation in the statements of operations:
Stock options	$	155	$	126	$	466	$	378
Time-based restricted stock	167		72		443		144
Performance-based restricted stock	11		70		382		141
	333		268		1,291		663
Included in corporate general and administrative other in the statements of operations:
Director stock	13		—		325		120
	$	346	$	268	$	1,616	$	783

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	—
Forfeited	—
Non-vested, September 30, 2013	189,121	$	8.91	$	1,738

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	$	5.10
Granted	185,572	$	7.09
Vested	—
Forfeited	—
Non-vested, September 30, 2013	268,174	$	6.48	$	2,465