STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2012

STOCK BASED COMPENSATION

Summary of stock options outstanding

	Outstanding Options
	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term —in years	Aggregate Intrinsic Value
Options outstanding at January 1, 2012	2,985,231	$	2.59
Granted	—	—
Exercised	—	—
Canceled or forfeited	—	—
Options outstanding at June 30, 2012	2,985,231	$	2.59	3.5	$	—
Options exercisable at June 30, 2012	2,894,399	$	2.62	3.4	$	—

Schedule of stock options outstanding and currently exercisable

	Options Outstanding				Options Exercisable
Stock Option Plan	Number of Options Outstanding	Weighted Average Remaining Contractual Life	Weighted Average Exercise price		Number of Options Exercisable	Weighted Average Exercise Price
		(in years)
1995 Stock Incentive Plan	1,834,062	2.1	$	1.31	1,834,062	$	1.31
2004 Stock Incentive Plan	407,418	6.1	3.45		366,586	3.72
2004 Directors’ Plan	743,751	5.4	5.26		693,751	5.52
	2,985,231	3.5	$	2.59	2,894,399	$	2.62