SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

SHARE-BASED COMPENSATION

Summary of the Company's restricted stock award program

	Units
Outstanding — January 1, 2013	1,281,480
Granted	—
Vested	(16,500	)
Forfeited	(1,950	)
Outstanding — March 31, 2013	1,263,030

Summary of the Company's stock option program

					Weighted-
					Average
			Weighted-		Remaining	Intrinsic
	Shares		Average		Contractual	Value(2)
	Under Option(1)		Exercise Price		Term (Years)	(in thousands)
Outstanding — January 1, 2013	240,425		$	27.40
Granted	—		—
Exercised	—		—
Forfeited	(94,000	)	24.76
Outstanding — March 31, 2013	146,425		$	29.10	0.8	-

(1) Options outstanding at March 31, 2013 are vested and available to be exercised.

(2) The intrinsic value for each option represents the excess, if any, of the market value of the Company’s Common Stock on March 31, 2013 over the exercise price of the option.