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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2012
STOCK-BASED COMPENSATION [Abstract]  
Information Related to Stock-based Compensation
Transactions in stock options under these plans are summarized as follows:
 
   
Shares
Under
Option
  
Weighted-
Average
Exercise Price
 
        
Outstanding—January 1, 2010:
  186,500  $21.02 
Granted
  130,000   11.60 
Exercised
  (1,000)  3.84 
Canceled
  (64,000)  22.45 
          
Outstanding—December 31, 2010:
  251,500  $15.86 
Granted
  16,000   11.75 
Exercised
  (5,000)  3.84 
Canceled
  (81,558)  14.35 
          
Outstanding—December 31, 2011:
  180,942  $16.50 
Granted
  139,000   10.96 
Exercised
  (6,000)  9.04 
Canceled
  (78,500)  22.64 
          
Outstanding—December 31, 2012:
  235,442  $11.38 
          
Options exercisable—December 31, 2012:
  97,889  $11.94 
 
Schedule of Black-Scholes-Merton ("BSM") Option-pricing Model
The fair value of the Company's employee stock options was estimated at the date of grant using a Black-Scholes-Merton ("BSM") option-pricing model using the following assumptions:
 
   
2012
  
2011
  
2010
 
           
Dividend yield
  0%  0%  0%
Volatility range
  57.88%—65.89%  65.81%  57.35%—64.31%
Risk-free rate range
  0.64%—1.09%  1.79%  1.80%—1.99%
Expected life
 
4.2 years—6.5 years
  
4.3 years
  
4.3 years—6.5 years
 
Fair value of options (per share)
 $5.54—$6.06  $6.14  $6.34—$7.38 
Information Related to the Entity's Option Activity
Information related to the Company's option activity as of December 31, 2012, and changes during the year then ended is presented below:
 
   
Shares Under Option
  
Weighted- Average Exercise Price
  
Weighted- Average Remaining Contractual Term
  
Aggregate Intrinsic Value*
 
      
(per share)
  
(in years)
    
Outstanding at January 1, 2012
  180,942  $16.50       
Granted
  139,000   10.96       
Exercised
  (6,000)  9.04       
Canceled/forfeited/expired
  (78,500)  22.64       
Outstanding at December 31, 2012
  235,442  $11.38   6.9  $25,560 
                  
Fully vested and exercisable at December 31, 2012
  97,889  $11.94   3.9  $25,560 
_________________________
 
*
The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The per share market value of our common stock, as determined by the closing price on December 31, 2012, was $10.23.
Schedule of Nonvested Share Activity
A summary of the status of the Company's nonvested options as of December 31, 2012 and changes during the year ended December 31, 2012, is presented below:
 
   
Number of Options
  
Weighted- Average Grant Date Fair Value
 
        
Nonvested at January 1, 2012
  44,442  $6.34 
Granted
  139,000   5.96 
Canceled/forfeited/expired
  -   - 
Vested
  (45,889)  5.83 
Nonvested at December 31, 2012
  137,553  $6.13 
Schedule of Weighted Average Exercise Price and Weighted Average Remaining Contractual Life of Options Outstanding
The number, weighted average exercise price and weighted average remaining contractual life of options outstanding as of December 31, 2012 and the number and weighted average exercise price of options exercisable as of December 31, 2012 is as follows:
 
Exercise Price
  
Shares Under Outstanding Options
  
Weighted-Average Remaining Contractual Term
  
Shares Under Exercisable Options
 
      
(in years)
    
$3.84   4,000   1.2   4,000 
$10.90   21,000   4.4   21,000 
$10.90   104,000   9.4   - 
$11.22   54,442   7.9   20,889 
$11.54   12,000   4.2   12,000 
$11.75   12,000   3.2   12,000 
$14.32   14,000   2.2   14,000 
$14.98   14,000   0.2   14,000 
     235,442   6.9   97,889