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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the activity relating to the Company’s stock options for the nine-month period ended September 30, 2013:
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Options
 
Price
 
Term
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
 
 
2,568,000
 
$
7.33
 
 
 
 
 
 
Granted
 
 
367,000
 
 
5.63
 
 
 
 
 
 
Exercised
 
 
(63,000)
 
 
3.41
 
 
 
 
 
 
Expired
 
 
(25,000)
 
 
5.89
 
 
 
 
 
 
Forfeited
 
 
(53,000)
 
 
5.13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at end of period
 
 
2,794,000
 
$
7.24
 
5 years
 
$
2,942,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
 
1,925,000
 
$
8.19
 
3 years
 
$
2,062,000
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions:
 
 
 
September 30,
 
 
 
 
2012
 
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
Expected volatility
 
 
44
%
 
 
44.4% - 54.8
%
 
Expected life of options
 
 
3.0 years
 
 
 
4.0 - 5.0 years
 
 
Risk free interest rate
 
 
1
%
 
 
1
%
 
Dividend yield
 
 
0
%
 
 
0
%
 
Weighted average fair value of options granted during the period
 
$
1.81
 
 
$
2.17
 
Schedule of Nonvested Share Activity [Table Text Block]
A summary of all non-vested restricted stock for the nine-month period ended September 30, 2013 is as follows:
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
Average
 
 
 
Non-vested
 
Grant Date
 
 
 
Shares
 
Fair Value
 
 
 
 
 
 
 
 
 
Restricted stock, non-vested, beginning of year
 
 
293,000
 
$
3.79
 
Granted
 
 
101,000
 
 
5.67
 
Vested
 
 
(165,000)
 
 
3.24
 
Forfeited
 
 
(11,000)
 
 
4.92
 
 
 
 
 
 
 
 
 
Restricted stock, non-vested, end of period
 
 
218,000
 
$
5.02
 
Schedule of Nonvested Performance-based Units Activity [Table Text Block]
The following table summarizes the activity relating to the Company’s performance shares for the nine-month period ended September 30, 2013:
 
 
 
Non-vested
 
 
 
Shares
 
 
 
 
 
 
Performance shares, non-vested, beginning of year
 
 
134,000
 
Granted
 
 
-
 
Vested
 
 
-
 
Forfeited
 
 
(50,000)
 
 
 
 
 
 
Performance shares, non-vested, end of period
 
 
84,000