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STOCK BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock based compensation expense
A summary of stock based compensation expense is as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2014
 
2013
 
2014
 
2013
Restricted stock/unit awards (“RSA”)
$
109

 
$
92

 
$
218

 
$
191

Performance share incentives (“PSI”)

 
43

 

 
61

 
$
109

 
$
135

 
$
218

 
$
252

Schedule of unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs
Unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs as of June 30, 2014 and December 31, 2013, are as follows:
 
June 30,
2014
 
December 31,
2013
Unrecognized compensation cost (in thousands)
$
961

 
$
1,179

 
 
 
 
Expected weighted-average recognition period for unrecognized compensation cost (in years)
2.1

 
2.6