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SHARE-BASED COMPENSATION PLAN (Tables)
12 Months Ended
Dec. 31, 2012
SHARE-BASED COMPENSATION PLAN [Abstract]  
Summary of company's restricted stock awards
The tables below summarize the Company's restricted shares in connection with the 2011 Equity Incentive Plan as of December 31, 2012:
 
 
Restricted sharesEmployees
 
 
Weighted-average grant-date fair value
Employees
 
 
Restricted shares
Non-employees
 
 
Weighted-average grant-date fair value
Non-employees
 
Non-vested at January 1, 2012
 
 
163,000
 
 
$
23.88
 
 
 
237,000
 
 
$
22.06
 
Granted during the year
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Vested during the year
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Forfeited during the year
 
 
-
 
 
 
-
 
 
 
(8,500
)
 
 
-
 
Non-vested at December 31, 2012
 
 
163,000
 
 
$
23.88
 
 
 
228,500
 
 
$
22.06
 

The tables below summarize the Company's restricted shares in connection with the 2011 Equity Incentive Plan as of December 31, 2011:
 
 
Restricted sharesEmployees
 
 
Weighted-average grant-date fair value
Employees
 
 
Restricted shares
Non-employees
 
 
Weighted-average grant-date fair value–
Non-employees
 
Non-vested at January 1, 2011
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Granted during the year
 
 
163,000
 
 
$
23.88
 
 
 
237,000
 
 
$
22.06
 
Vested during the year
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Forfeited during the year
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Non-vested at December 31, 2011
 
 
163,000
 
 
$
23.88
 
 
 
237,000
 
 
$
22.06