STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2013 and 2012 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
	(in thousands)				(in thousands)
Cost of revenues	$	363	$	311	$	982	$	859
Selling, general and administrative expenses		790		633		2,338		1,866
	$	1,153	$	944	$	3,320	$	2,725

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:

	Nine Months Ended September 30,
	2013			2012
Assumptions:
Risk free interest rate		1.38	%		0.72	%
Expected life		5.00			5.00
Expected volatility		51.07	%		55.93	%
Expected dividend yield		0.0	%		0.38	%