STOCK COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Activity in Plans

A summary of activity in the plans is as follows:

	For the nine months ended September 30, 2014
	Shares		Weighted average exercise price		Aggregate intrinsic value (in thousands)
Outstanding at beginning of year		948,690	$	5.44
Granted		5,443		3.91
Exercised		(85,000)		2.02
Forfeited and expired		(290,909)		12.24
Outstanding at end of period		578,224		2.51	$	1,341
Options exercisable at end of period		557,358		2.47	$	1,321

Information Related to Stock Option Plans

Information related to the stock option plans for the nine months ended September 30, 2014 follows:

	September 30, 2014
Intrinsic value of options exercised	$	147,410
Cash received from option exercises		173,000
Tax benefit realized from option exercises		10,267
Weighted average fair value of options granted, per share	$	2.07

Weighted-Average Assumptions for Determining Fair Value of Options Granted

The fair value of options granted during the third quarter of 2014 was determined using the following weighted-average assumptions as of the grant date:

	July 3, 2014
Risk-free interest rate		1.74	%
Expected term (years)		5
Expected stock volatility		55.96	%
Dividend yield		—	%

Summary of Changes in Company's Nonvested Restricted Shares

A summary of changes in the Company’s nonvested restricted shares for the first nine months of 2014 is as follows:

	Shares			Weighted average grant date fair value
Nonvested shares at January 1, 2014		192,937		$	3.49
Granted		248,213			3.86
Vested		(52,951	)		3.55
Forfeited		(54,611	)		3.55
Nonvested shares at September 30, 2014		333,588		$	3.74