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STOCK BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2012
STOCK BASED COMPENSATION [Abstract] |
Assumptions used to value the options granted | The Company estimates fair value of stock options using the Black-Scholes valuation model. Assumptions used to estimate the fair value of stock options granted include the exercise price of the award, the expected term, the expected volatility of the Company's stock over the option's expected term, the risk-free interest rate over the option's expected term, and the expected annual dividend yield. The fair value of the employee and director stock options granted and the related assumptions used in the Black-Scholes option pricing model used to value the options granted for fiscal year 2012, 2011, and 2010 were as follows after giving effect to the reverse stock split:
|  |  | Employee Stock Option Granted |
|  |  | For Year Ended |
|  | 2012(4) |  |  | 2011 |  |  | 2010(4) |
Weighted-average fair value per share |  | $ | — |  |  | $ | 4.10 |  |  | $ | — |
Risk -free interest rate (1) |  |  | — |  |  |  | 1.29%-1.92 | % |  |  | — |
Expected volatility of stock (2) |  |  | — |  |  |  | 58.72%-60.02 | % |  |  | — |
Dividend yield |  |  | — |  |  | None |  |  |  | — |
Expected option life (in years) (3) |  |  | — |  |  |  | 6.0 |  |  |  | — |
|  | Outside Director Stock Option Granted |
|  | For Year Ended |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Weighted-average fair value per share |  | $ | 3.55 |  |  | $ | 4.70 |  |  | $ | 5.60 |
Risk -free interest rate (1) |  |  | 1.75 | % |  |  | 2.29 | % |  |  | 2.52 | %
Expected volatility of stock (2) |  |  | 56.74 | % |  |  | 57.48 | % |  |  | 60.69 | %
Dividend yield |  | None |  |  | None |  |  | None |
Expected option life (in years) (3) |  |  | 10.0 |  |  |  | 10.0 |  |  |  | 10.0 |
| (1) | The risk-free interest rate is based on the U.S. Treasury yield in effect at the grant date over the expected term of the option.
| (2) | The expected volatility is based on historical volatility from our traded Common Stock over the expected term of the option.
| (3) | The expected option life is based on historical exercises and post-vesting data.
| (4) | No employee option grants were made in 2012 and 2010.
Stock-based compensation recognized for employee and director stock options | The following table summarizes stock-based compensation recognized for the fiscal year 2012, 2011, and 2010 after giving effect to the reverse stock split.
|  | Year Ended |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Employee Stock Options |  | $ | 140,000 |  |  | $ | 246,000 |  |  | $ | 276,000 |
Director Stock Options |  |  | 51,000 |  |  |  | 99,000 |  |  |  | 67,000 |
Total |  | $ | 191,000 |  |  | $ | 345,000 |  |  | $ | 343,000 |

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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=6793087&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph g(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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