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Stock-Based Employee Compensation
6 Months Ended
Jun. 30, 2012
Stock-Based Employee Compensation [Abstract]  
STOCK-BASED EMPLOYEE COMPENSATION

7. STOCK-BASED EMPLOYEE COMPENSATION

The Company recognized $0.4 million and $0.3 million in non-cash stock-based compensation in each of the six month periods ended June 30, 2012 and June 30, 2011, respectively. During the first six months of 2012, the Company granted an aggregate of 967,250 shares of restricted stock at a fair market value of $0.83 per share under its 2005 Executive Incentive Compensation Plan. The restricted shares vest in three equal installments on the first, second and third anniversaries of the grant date. The unearned compensation expense is being amortized into expense on a straight-line basis over the requisite service period for the entire award. As of June 30, 2012 and 2011, the total compensation expense not yet recognized related to all outstanding restricted stock/unit awards was approximately $1.4 million and $0.9 million, respectively.