EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2014

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, 2013	893,000	$	9.75	7.2	$	—
Granted	—
Exercised	—
Forfeited	—
Outstanding, March 31, 2014	893,000	$	9.75	6.9	$	—
Exercisable, March 31, 2014	535,800	$	9.75	6.9	$	—

Schedule of equity-based compensation expense

Equity-based compensation expense for the three months ended March 31, 2014 and 2013 follows (in thousands):

	For the Three Months Ended March 31,
	2014		2013
Included in corporate general and administrative salaries and other compensation in the statements of operations:
Stock options	$	155	$	156
Time-based restricted stock	167		109
Performance-based restricted stock	145		140
	467		405
Included in corporate general and administrative other in the statements of operations:
Director stock	—		16
	$	467	$	421

Restricted Stock Awards | Time-based

Equity-based compensation

Schedule of restricted stock activity

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Current Value
		(Per share)		(In thousands)
Non-vested, December 31, 2013	161,587	$	9.10	$	1,454
Granted	—	$	—	—
Vested	26,630	$	9.78	—
Forfeited	—	$	—	—
Non-vested, March 31, 2014	134,957	$	9.10	$	1,252

Restricted Stock Awards | Performance-based

Equity-based compensation

Schedule of restricted stock activity

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Current Value
		(Per share)		(In thousands)
Non-vested, December 31, 2013	268,174	$	7.30	$	2,414
Granted	—	$	—	—
Vested	—	$	—	—
Forfeited	—	$	—	—
Non-vested, March 31, 2014	268,174	$	7.30	$	2,489