DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2012

DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]

Assumptions used to determine change in fair value of 2008 Warrants

The following table presents assumptions used in the Black-Scholes model to determine the change in fair value of the 2008 Warrants as of and for the fiscal period ended September 25, 2011.  There were no 2008 Warrants outstanding as of September 30, 2012.

	Sept. 25, 2011
Stock trading value (1)	$	1.90
Risk-free interest rate		0.89	%
Expected warrant remaining life	4.50 years
Price volatility		108.67	%

(1) Represents the closing market price of the Company's common stock on September 23, 2011 (last trading day of the period on the NASDAQ stock market).

Outstanding stock warrants at fair value

The Company utilized the same methodology to determine the fair value of the 2008 Warrants and the March 2011 Warrants exercised in the nine months ended September 30, 2012 and September 25, 2011.  There were no warrants outstanding as of September 30, 2012.  The total fair value of the outstanding warrants as of and for the nine months periods ended September 30, 2012 and September 25, 2011 is as follows:

(thousands)	Sept. 30, 2012	Sept. 25, 2011
Balance at beginning of period	$     1,191	$      770
Fair value of March and September 2011 Warrants (debt discount)	-	954
Reclassification of fair value of exercised warrants to shareholders' equity	(2,922)	(745)
Change in fair value, included in earnings	1,731	(76)
Balance at end of period	$             -	$      903