SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of computation of diluted weighted average common shares

The computation of diluted weighted average common shares outstanding used in the calculation of diluted earnings per share for the three and six months ended June 30, 2013 and 2012 is as follows (in thousands):

	For the three months ended				For the six months ended
	2013		2012		2013		2012
Weighted average shares outstanding - basic		12,476		12,366		12,462		12,230
Stock options		6		–		3		–
Restricted stock grants		38		2		25		2
Weighted average shares outstanding - diluted		12,520		12,368		12,490		12,232

Antidilutive securities excluded from computation of earnings per share

Securities that could potentially dilute basic EPS in the future, that were not included in the computation of diluted EPS because to do so would have been anti-dilutive for the three and six months ended June 30, 2013 and 2012, consists of the following (in thousands):

	For the three months ended				For the six months ended
	2013		2012		2013		2012
Options to purchase common stock		109		949		109		949
Unvested stock grants		–		6		–		6
Potential anti-dilutive common shares		109		955		109		955