STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

Stock-Based Compensation Impact on Company's Operations

The impact on the Company’s results of operations of recording stock-based compensation (including impact of restricted stock) for the three months ended March 31, 2013 and 2012 was as follows:

	Three Months Ended March  31,
	2013		2012
	(in thousands)
Cost of revenues	$	299	$	274
Selling, general and administrative expenses		712		582
	$	1,011	$	856

Assumptions Used in Black-Scholes Model to Value Options Granted

The Company calculates the fair value of each option award on the date of grant using the Black-Scholes option pricing model. The following weighted-average assumptions were used for each respective period:

	Three Months Ended March  31,
	2013			2012
Assumptions:
Risk free interest rate		0.72	%		1.05	%
Expected life		5.00			5.00
Expected volatility		54.35	%		58.08	%
Expected dividend yield		0.0	%		0.43	%