STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2013 and 2012 was as follows:

	Three Months Ended June  30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)				(in thousands)
Cost of revenues		$320		$274		$619		$548
Selling, general and administrative expenses		835		649		1,548		1,234
		$1,155		$923	$	2,167	$	1,782

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:

	Six Months Ended June 30,
	2013			2012
Assumptions:
Risk free interest rate		1.4	%		0.69	%
Expected life		5.00			5.00
Expected volatility		53.28	%		58.06	%
Expected dividend yield		0.0	%		0.40	%