STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2016

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

Summary of stock based compensation expense

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

	Three Months Ended   June 30,					Six Months Ended   June 30,
	2016		2015			2016		2015
Restricted stock/unit awards (“RSA”)	$	58	$	90		$	123	$	201
Performance share incentives (“PSI”)	—		(62		)	—		(62		)
Total stock based compensation	$	58	$	28		$	123	$	139

Schedule of unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs

Unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs and PSIs as of June 30, 2016 and December 31, 2015, are as follows:

	June 30, 2016				December 31, 2015
	RSAs		PSIs		RSAs		PSIs
Unrecognized compensation cost (in thousands)	$	226	$	564	$	349	$	1,192
Expected weighted-average recognition period for unrecognized compensation    cost (in years)	0.87		1.51		1.20		1.16