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SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2015
SHARE-BASED COMPENSATION  
Schedule of stock option activity

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

    

Options

    

Exercise Price

 

Outstanding as of December 31, 2014

 
158,718

 

$
16.64

 

Granted

 

 —

 

 

 —

 

Exercised

 

 —

 

 

 —

 

Forfeited

 

 —

 

 

 —

 

Expired

 

 —

 

 

 —

 

Outstanding as of June 30, 2015

 
158,718

 

$
16.64

 

Exercisable as of June 30, 2015

 
133,483

 

$
19.15

 

 

Schedule of RSU activity

 

 

 

 

 

 

 

 

    

 

    

Weighted Average

 

 

 

Number of

 

Grant-Date Fair Value

 

 

 

Shares

 

Per Share

 

Outstanding as of December 31, 2014

 
515,038

 

$
5.78

 

Granted

 
188,420

 

$
5.19

 

Vested

 
(155,738)

 

$
5.50

 

Forfeited

 
(42,208)

 

$
6.48

 

Outstanding as of June 30, 2015

 
505,512

 

$
5.58

 

 

Schedule of share-based compensation expense, net of taxes withheld

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

 

    

2015

    

2014

 

Share-based compensation expense:

 

 

 

 

 

 

 

Cost of sales

 

$
62

 

$
109

 

Selling, general and administrative

 

 
545

 

 
221

 

Income tax benefit (1)

 

 

 —

 

 

 —

 

Net effect of share-based compensation expense on net loss

 

$
607

 

$
330

 

Reduction in earnings per share:

 

 

 

 

 

 

 

Basic earnings per share

 

$
0.04

 

$
0.02

 

 

 

 

 

 

 

 

 

Diluted earnings per share

 

$
0.04

 

$
0.02

 

 

(1)

Income tax benefit is not illustrated because the Company is currently in a full tax valuation allowance position and an actual income tax benefit was not realized for the six months ended June 30, 2015 and 2014. The result of the loss situation creates a timing difference, resulting in a deferred tax asset, which is fully reserved for in the Company’s valuation allowance.