Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS/STOCK-BASED COMPENSATION AND WARRANTS (Tables)

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STOCK OPTIONS/STOCK-BASED COMPENSATION AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2014
STOCK OPTIONS/STOCK-BASED COMPENSATION AND WARRANTS [Abstract]  
Restricted stock activity
The following table reflects the outstanding restricted stock awards and activity related thereto for the six months ended June 30, 2014:

   
Six Months Ended
June 30, 2014
 
   
Number of
Shares
   
Weighted-Average
Price
 
Restricted Stock Awards:
           
Restricted Shares Outstanding at Beginning of Period
    592,565     $ 16.84  
Shares Granted
    156,960       14.08  
Lapse of Restrictions
    (243,951 )     17.91  
Restricted Shares Outstanding at End of Period
    505,574     $ 15.46