STOCK BASED COMPENSATION

6 Months Ended

Jun. 30, 2014

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

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION

All stock based compensation to employees is recorded as selling, general and administrative expenses in the Consolidated Statements of Operations based on the fair value at the grant date of the award. These non-cash compensation costs are included in the depreciation and amortization amounts in the Consolidated Statements of Cash Flows.

A summary of stock based compensation expense is as follows (in thousands):

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2014		2013		2014		2013
Restricted stock/unit awards (“RSA”)	$	109	$	92	$	218	$	191
Performance share incentives (“PSI”)	—		43		—		61
	$	109	$	135	$	218	$	252

There were no RSAs granted during the six months ended June 30, 2014, and 2013, respectively. The deferred compensation is being amortized on a straight-line basis over the specified service period. There were no PSIs granted during the six months ended June 30, 2014 and 2013, respectively. The deferred compensation with respect to the PSIs is being recognized into earnings based on the passage of time and achievement of performance targets. All outstanding RSAs and PSIs are unvested.

Unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs as of June 30, 2014 and December 31, 2013, are as follows:

	June 30, 2014		December 31, 2013
Unrecognized compensation cost (in thousands)	$	961	$	1,179
Expected weighted-average recognition period for unrecognized compensation cost (in years)	2.1		2.6