STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

STOCK BASED COMPENSATION

Schedule of assumptions used to value stock options calculated using the Black-Scholes options pricing model

	Three months ended March 31,
	2013		2012
Dividend yield	0	%	0	%
Expected volatility	71.0	%	74.0	%
Risk-free interest rate	0.5	%	0.5	%
Expected life	3.5 years		3.5 years

Schedule of outstanding stock options and changes during the fiscal year

			Weighted		Weighted
			Average		Average	Aggregate
	Number		Exercise		Remaining	Intrinsic Value
	of Options		Price		Term (in years)	(in thousands)
Outstanding at December 31, 2012	1,989,309		$	2.48
Granted	340,250		2.75
Exercised	(171,547	)	1.11
Forfeited or expired	(191,809	)	7.99
Outstanding at March 31, 2013	1,966,203		$	2.11	2.46	$	2,467
Exercisable at March 31, 2013	1,354,953		$	1.78	1.48	$	2,207

Schedule of restricted share activity

Restricted share activity for the three months ended March 31, 2013 was as follows:

	Shares		Weighted Average Fair Value
Outstanding at December 31, 2012	1,606,460		$	2.54
Granted	886,331		1.87
Vested	(229,201	)	3.91
Forfeited	(123,989	)	3.19
Outstanding at March 31, 2013	2,139,601		$	2.08