SHARE-BASED PAYMENTS AND OTHER EXECUTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2012

The significant weighted average assumptions used for the years ended December 31, 2012, 2011 and 2010 were as follows:

	2012			2011			2010
Dividend yield		0	%		0	%		0	%
Volatility rate		47.40%-61.25	%		40.24%-52.55	%		42.70%-49.50	%
Risk-free interest rate		0.17%-0.43	%		0.15%-0.65	%		0.35%-1.24	%
Expected life (years)		0.50-4.08			0.26-4.41			1.0-5.2
Weighted average fair value of units granted	$	7.98		$	11.63		$	14.23

A summary of the status of the stock option activity for the years ended December 31, 2012, 2011 and 2010 is presented below:

	2012				2011				2010
	Stock Options		Weighted Average Exercise Price		Stock Options		Weighted Average Exercise Price		Stock Options		Weighted Average Exercise Price
Outstanding at beginning of year		110,000	$	25.00		110,000	$	25.00		110,000	$	25.00
Exercised		-	$	-		-	$	-		-	$	-
Forfeited		-	$	-		-	$	-		-	$	-
Outstanding at end of year		110,000	$	25.00		110,000	$	25.00		110,000	$	25.00
Exercisable at end of year		110,000	$	25.00		110,000	$	25.00		110,000	$	25.00

A summary of the restricted stock and stock units activity for the year ended December 31, 2012, is presented below:

	Restricted Stock and Stock Units			Weighted Average Grant Date Fair Value
Outstanding at beginning of year		449,310	(1)	$	11.36
Granted		442,195		$	10.78
Exercised		(160,327)		$	13.61
Expired/Forfeited		(501,083)		$	8.28
Cancelled		-		$	-
Outstanding at end of year		230,095		$	15.38

(1)	Restricted stock shares are considered legally outstanding but are not considered outstanding for accounting purposes until the vesting conditions are satisfied in accordance with authoritative accounting guidance.