v2.4.0.6
NONVESTED STOCK AWARDS (Tables)
9 Months Ended
Sep. 30, 2012
NONVESTED STOCK AWARDS  
Summary of nonvested stock awards

 

 

 

Number of
Shares

 

Weighted
Average Grant
Date Price

 

Outstanding at January 1, 2012

 

545,750

 

$

11.60

 

Granted

 

12,500

 

3.86

 

Vested

 

(129,000

)

13.31

 

Forfeited

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2012

 

429,250

 

$

10.86

 

 

Schedule of nonvested stock amortization expense

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

General, administrative and technical management fees

 

$

403

 

$

623

 

$

1,377

 

$

2,174