STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

The Company records stock-based compensation expense related to granting stock options in selling and administrative expenses. During the three months ended June 30, 2013 and 2012, the Company granted 5,000 and 15,000 stock options, respectively. During the six months ended June 30, 2013 and 2012, the Company granted 80,000 and 20,000 stock options, respectively. The fair value of stock options granted during the three months ended June 30, 2013 was $6.07. The fair value of stock options granted during the six months ended June 30, 2013 ranged from $3.53 to $6.07 per share. The Company recognized compensation expense as follows for the three and six months ended June 30 (in thousands):

	Three months				Six months
	2013		2012		2013		2012
Total gross compensation expense	$	59	$	75	$	96	$	124
Total tax benefit associated with compensation expense		13		19		21		30
Total net compensation expense	$	46	$	56	$	75	$	94

Schedule of unrecognized compensation cost

As of June 30, 2013, the Company expects to record compensation expense in the future as follows (in thousands):

							Year ending December 31,
	Six months ending December 31, 2013			2014			2015			2016
Total gross unrecognized compensation expense		$	70		$	111		$	91		$	15
Tax benefit associated with unrecognized compensation expense			12			20			15			2
Total net unrecognized compensation expense		$	58		$	91		$	76		$	13