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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2015
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, 2015:
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Options
 
Price
 
Term
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
 
 
2,209,000
 
$
6.84
 
 
 
 
 
 
Granted
 
 
-
 
 
-
 
 
 
 
 
 
Exercised
 
 
(555,000)
 
 
3.96
 
 
 
 
 
 
Forfeited or expired
 
 
(399,000)
 
 
10.28
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at end of period
 
 
1,255,000
 
$
7.02
 
5 years
 
$
34,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
 
944,000
 
$
7.48
 
4 years
 
$
34,000
 
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,
 
 
 
2014
 
 
2015
 
 
 
 
 
 
 
 
Expected volatility
 
 
44.4
%
 
 
-
 
Expected life of options
 
 
3.0 - 4.0 years
 
 
 
-
 
Risk free interest rate
 
 
1.2
%
 
 
-
 
Dividend yield
 
 
0
%
 
 
-
 
Weighted average fair value of options granted during the period
 
$
1.91
 
 
$
-
 
Schedule of Nonvested Share Activity [Table Text Block]
A summary of all non-vested restricted stock for the nine-month period ended September 30, 2015 is as follows:
 
 
 
 
 
Weighted-
 
 
 
Number of
 
Average
 
 
 
Non-vested
 
Grant Date
 
 
 
Shares
 
Fair Value
 
 
 
 
 
 
 
Restricted stock, non-vested, beginning of year
 
 
616,000
 
$
5.69
 
Granted
 
 
232,000
 
 
6.00
 
Vested
 
 
(206,000)
 
 
5.74
 
Forfeited
 
 
(48,000)
 
 
5.70
 
 
 
 
 
 
 
 
 
Restricted stock, non-vested, end of period
 
 
594,000
 
$
5.79
 
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, 2015:
 
 
 
Non-vested
 
 
 
Shares
 
 
 
 
 
Performance shares, non-vested, beginning of year
 
 
23,000
 
Granted
 
 
-
 
Vested
 
 
-
 
Forfeited
 
 
(23,000)
 
 
 
 
 
 
Performance shares, non-vested, end of period
 
 
-