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LONG TERM INCENTIVE PLAN (Tables)
6 Months Ended
Jun. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Weighted Average Assumptions
The weighted average assumptions relating to the valuation of the Company's stock options awarded in May, 2012 is shown below. No stock options were granted during 2011.

 
 
2012
Weighted average grant-date fair value of grants per option
 
$1.71
Volatility
 
52.8%
Risk-free interest rate
 
2.5%
Expected life
 
2.5 years
Expected dividend yield
 
0.0%
Stock Option Activity
The following table presents a summary of the Company's stock option activity:

Options
 
Number of shares (in thousands)
 
Weighted Average Exercise Price per Share
 
Weighted Average Remaining Contractual Term
 
Weighted Average Grant Date Fair Value
Outstanding at January 1, 2011 (vested)
 
90

 
$
4.23

 
3.5 years

 
$
1.05

Granted
 

 

 

 

Outstanding at December 31, 2011
 
90

 
$
4.23

 
2.5 years

 
$
1.05

Granted (nonvested)
 
90

 
4.94

 
5 years

 
1.71

Outstanding at June 30, 2012
 
180

 
$
4.59

 
3.4 years

 
$
1.38

Vested and expected to vest in the future at June 30, 2012
 
180

 
 
 
 
 
 
Exercisable at June 30, 2012
 
90

 
$
4.23

 
2 years

 
$
1.05

Available for grant at June 30, 2012
 
2,095