EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2013

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended						Six Months Ended
	June 30						June 30
	2013			2012			2013			2012
	(in thousands, except share and per share data)
Basic
Numerator:
Net income (loss)	$	4,878		$	11,841		$	(8,517	)	$	(6,321	)
Effect of unvested restricted stock awards	(215		)	(549		)	(74		)	(75		)
Adjusted net income (loss)	$	4,663		$	11,292		$	(8,591	)	$	(6,396	)
Denominator:
Weighted-average shares	25,694,327			25,544,455			25,666,484			25,496,871
Earnings (loss) per common share	$	0.18		$	0.44		$	(0.33	)	$	(0.25	)
Diluted
Numerator:
Net income (loss)	$	4,878		$	11,841		$	(8,517	)	$	(6,321	)
Effect of unvested restricted stock awards	(215		)	(549		)	(74		)	(75		)
Adjusted net income (loss)	$	4,663		$	11,292		$	(8,591	)	$	(6,396	)
Denominator:
Weighted-average shares	25,694,327			25,544,455			25,666,484			25,496,871
Effect of dilutive securities	—			—			—			—
Adjusted weighted-average shares and assumed conversions	25,694,327			25,544,455			25,666,484			25,496,871
Earnings (loss) per common share	$	0.18		$	0.44		$	(0.33	)	$	(0.25	)