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SHARE-BASED PAYMENTS AND EMPLOYEE BENEFITS (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Changes in Non-Vested Shares of Restricted Common Stock

The following table provides details of nonvested restricted common stock for the periods indicated:


	Six Months Ended June 30, 2013					Year Ended December 31, 2012
	Shares			Weighted Average Grant Date Fair Value Per Share		Shares			Weighted Average Grant Date Fair Value Per Share
Beginning nonvested restricted shares		3,575,182		$	0.44		2,315,040		$	0.60
Shares vested		(1,410,984	)		0.35		(1,950,102	)		0.42
Shares granted		1,231,708			0.49		3,210,244			0.31

Ending nonvested restricted shares		3,395,906		$	0.49		3,575,182		$	0.44

Weighted Average Assumptions used in Determining Fair Value of Common Stock Options

The following table presents weighted average assumptions used in determining the weighted average $0.27 and $0.17 per share grant date fair value of common stock options granted in the six months ended June 30, 2013 and the year ended December 31, 2012, respectively:


(Weighted averages)	Six Months Ended June 30, 2013			Year Ended December 31, 2012
Expected volatility		55.0	%		52.6	%
Risk-free interest rate		1.15	%		0.80	%
Expected term (in years)		5.6			5.1
Dividend yield		0.0	%		0.0	%

Activity of Non-Vested Stock Options

The following table presents activity of nonvested common stock options during the periods indicated:


	Six Months Ended June 30, 2013					Year Ended December 31, 2012
	Shares			Weighted Average Exercise Price Per Share		Shares			Weighted Average Exercise Price Per Share
Beginning nonvested common stock options		8,723,748		$	0.54		8,816,000		$	0.57
Common stock options granted		2,050,000			0.95		1,846,000			0.36
Common stock options vested		(3,332,083	)		0.55		(1,898,586	)		0.54
Common stock options forfeited		(83,333	)		0.30		(39,666	)		0.30

Ending nonvested common stock options		7,358,332		$	0.54		8,723,748		$	0.54

Activity of Exercisable Common Stock Options

The following table presents activity of exercisable common stock options during the periods indicated:


	Six Months Ended June 30, 2013					Year Ended December 31, 2012
	Shares			Weighted Average Exercise Price Per Share		Shares			Weighted Average Exercise Price Per Share
Beginning vested common stock options		1,813,252		$	0.52		—		$	—
Common stock options exercised		(66,667	)		0.30		(85,334	)		0.30
Common stock options vested		3,332,083			0.55		1,898,586			0.51

Ending vested common stock options		5,078,668		$	0.54		1,813,252		$	0.52

Intrinsic Value of Options Outstanding and Exercisable

The following table provides information pertaining to the intrinsic value of common stock options outstanding and exercisable as of:


(Dollars in thousands)	June 30, 2013		December 31, 2012
Intrinsic value of common stock options outstanding	$	3,880	$	106
Intrinsic value of common stock options exercisable		1,874		37

Intrinsic Value of Options Exercised and Fair Value of Options Vested

The following table presents the intrinsic value of common stock options exercised and the fair value of common stock options that vested during the periods indicated:


(Dollars in thousands)	Six Months Ended June 30, 2013		Year Ended December 31, 2012
Intrinsic value of common stock options exercised ⁽¹⁾	$	16	$	10
Fair value of common stock options vested⁽²⁾		615		327

(1)	The intrinsic value of common stock options exercised is the difference between the fair market value of the Company’s common stock on the exercise date and the exercise price.

(2)	The fair value of common stock options vested is based on the grant date fair value.