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EMPLOYEE STOCK COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Unrecognized Share-Based Compensation Expense | The following table presents unrecognized share-based compensation expense as of December 31, 2015:
| Unrecognized Expense |  | Average Expected Recognition Period
| ($ in thousands)
Stock option awards | $ | 1,260 |  |  | 3.2 years
Restricted stock awards and restricted stock units | 10,448 |  |  | 2.9 years
Stock appreciation rights | $ | 27 |  |  | 1.4 years
Total | $ | 11,735 |  |  | 3.0 years
Schedule of Stock Options | The weighted-average estimated fair value per share options granted was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions.
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| ($ in thousands, except per share data)
Granted date fair value of options granted | $ | 729 |  |  | $ | 781 |  |  | $ | 1,399 |
Fair value of options vested | $ | 481 |  |  | $ | 346 |  |  | $ | 1,090 |
Total intrinsic value of options exercised | $ | 75 |  |  | $ | 110 |  |  | $ | 104 |
Cash received from options exercised | $ | 501 |  |  | $ | 993 |  |  | $ | — |
Weighted-average estimated fair value per share of options granted | $ | 3.76 |  |  | $ | 3.38 |  |  | $ | 3.52 |
Weighted Average Fair Value Assumptions | The following table presents a summary of weighted-average assumptions used for calculating fair value options for the periods indicated:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Weighted-average assumptions |
Dividend yield | 4.14 | % |  | 3.69 | % |  | 3.87 | %
Expected volatility | 43.04 | % |  | 40.26 | % |  | 41.06 | %
Expected term | 6.4 years |  |  | 6.0 years |  |  | 5.0 years |
Risk-free interest rate | 1.68 | % |  | 1.99 | % |  | 1.21 | %
The weighted-average estimated fair value per share of SARs granted was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions.
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Dividend yield | — | % |  | — | % |  | — | %
Expected volatility | 23.79 | % |  | 27.28 | % |  | 30.54 | %
Expected term | 2.0 years |  |  | 2.7 years |  |  | 2.6 years |
Risk-free interest rate | 0.64 | % |  | 0.70 | % |  | 0.36 | %
Weighted-average estimated fair value per share of SARs granted | $ | 1.72 |  |  | $ | 1.93 |  |  | $ | 2.33 |
Option Activity | The following table represents stock option activity and weighted-average exercise price per share for the periods indicated:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share
Outstanding at beginning of year | 879,070 |  |  | $ | 12.67 |  |  | 734,721 |  |  | $ | 12.73 |  |  | 525,799 |  |  | $ | 12.16 |
Granted | 193,696 |  |  | $ | 13.28 |  |  | 231,016 |  |  | $ | 12.05 |  |  | 389,569 |  |  | $ | 13.72 |
Replacement awards issued | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | 22,581 |  |  | $ | 12.65 |
Exercised | (43,333 | ) |  | $ | 11.55 |  |  | (86,667 | ) |  | $ | 11.46 |  |  | (44,988 | ) |  | $ | 12.00 |
Forfeited | (68,554 | ) |  | $ | 12.38 |  |  | — |  |  | $ | — |  |  | (158,240 | ) |  | $ | 13.41 |
Outstanding at end of year | 960,879 |  |  | $ | 12.86 |  |  | 879,070 |  |  | $ | 12.67 |  |  | 734,721 |  |  | $ | 12.73 |
Exercisable at end of year | 394,613 |  |  | $ | 12.70 |  |  | 166,016 |  |  | $ | 11.28 |  |  | 526,667 |  |  | $ | 12.00 |
Nonvested Share | The following table represents changes in unvested stock options and related information as of and for the periods indicated:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share
Outstanding at beginning of year | 552,672 |  |  | $ | 12.74 |  |  | 419,569 |  |  | $ | 13.16 |  |  | 266,668 |  |  | $ | 11.70 |
Granted | 193,696 |  |  | $ | 13.28 |  |  | 231,016 |  |  | $ | 12.05 |  |  | 389,569 |  |  | $ | 13.72 |
Vested | (170,102 | ) |  | $ | 12.57 |  |  | (97,913 | ) |  | $ | 12.94 |  |  | (93,334 | ) |  | $ | 11.68 |
Forfeited | (10,000 | ) |  | $ | 12.03 |  |  | — |  |  | $ | — |  |  | (143,334 | ) |  | $ | 12.95 |
Outstanding at end of year | 566,266 |  |  | $ | 12.99 |  |  | 552,672 |  |  | $ | 12.74 |  |  | 419,569 |  |  | $ | 13.16 |
Summary of Stock Options Outstanding | The following table presents a summary of stock options outstanding as of December 31, 2015:
| Options Outstanding |  | Options Exercisable
| Number of Shares |  | Intrinsic Value |  | Weighted- Average Exercise Price per Share |  | Weighted- Average Remaining Contractual Life |  | Number of Shares |  | Intrinsic Value |  | Weighted- Average Exercise Price per Share |  | Weighted- Average Remaining Contractual Life
$10.89 to $11.87 | 177,683 |  |  | $ | 583,747 |  |  | $ | 11.33 |  |  | 6.5 years |  | 125,529 |  |  | $ | 404,201 |  |  | $ | 11.40 |  |  | 6.0 years
$11.87 to $12.85 | 285,000 |  |  | 675,700 |  |  | $ | 12.25 |  |  | 8.0 years |  | 128,327 |  |  | 305,752 |  |  | $ | 12.24 |  |  | 7.5 years
$12.85 to $13.83 | 298,696 |  |  | 402,016 |  |  | $ | 13.27 |  |  | 8.2 years |  | 40,000 |  |  | 60,400 |  |  | $ | 13.11 |  |  | 7.4 years
$13.83 to $14.81 | 166,622 |  |  | 61,744 |  |  | $ | 14.25 |  |  | 3.5 years |  | 67,879 |  |  | 25,609 |  |  | $ | 14.24 |  |  | 3.5 years
$14.81 to $15.81 | 32,878 |  |  | — |  |  | $ | 15.81 |  |  | 5.5 years |  | 32,878 |  |  | — |  |  | $ | 15.81 |  |  | 5.5 years
Total | 960,879 |  |  | $ | 1,723,207 |  |  | $ | 12.86 |  |  | 6.9 years |  | 394,613 |  |  | $ | 795,962 |  |  | $ | 12.70 |  |  | 6.1 years
Restricted Stock and Restricted Stock Units Activity | The following table represents restricted stock awards and restricted stock units activity for the periods indicated:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Number of Shares |  | Weighted- Average Price per Share |  | Number of Shares |  | Weighted- Average Price per Share |  | Number of Shares |  | Weighted- Average Price per Share
Outstanding at beginning of year | 1,287,302 |  |  | $ | 12.53 |  |  | 893,886 |  |  | $ | 13.78 |  |  | 163,682 |  |  | $ | 11.43 |
Granted | 930,830 |  |  | $ | 12.31 |  |  | 915,077 |  |  | $ | 11.77 |  |  | 936,542 |  |  | $ | 13.82 |
Vested | (451,196 | ) |  | $ | 12.64 |  |  | (261,952 | ) |  | $ | 13.51 |  |  | (88,169 | ) |  | $ | 11.98 |
Forfeited | (250,575 | ) |  | $ | 12.29 |  |  | (259,709 | ) |  | $ | 13.21 |  |  | (118,169 | ) |  | $ | 12.70 |
Outstanding at end of year | 1,516,361 |  |  | $ | 12.40 |  |  | 1,287,302 |  |  | $ | 12.53 |  |  | 893,886 |  |  | $ | 13.78 |
Summary of all Outstanding SARs | The following table represents SARs activity and the weighted-average exercise price per share for the periods indicated:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share
Outstanding at beginning of year | 1,575,394 |  |  | $ | 11.58 |  |  | 825,451 |  |  | $ | 12.54 |  |  | 500,000 |  |  | $ | 12.12 |
Granted | 2,973 |  |  | $ | 12.27 |  |  | 768,576 |  |  | $ | 10.52 |  |  | 325,451 |  |  | $ | 13.18 |
Exercised | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Forfeited | (16,686 | ) |  | $ | 10.09 |  |  | (18,633 | ) |  | $ | 10.09 |  |  | — |  |  | $ | — |
Outstanding at end of year | 1,561,681 |  |  | $ | 11.60 |  |  | 1,575,394 |  |  | $ | 11.58 |  |  | 825,451 |  |  | $ | 12.54 |
Exercisable at end of year | 1,535,718 |  |  | $ | 11.63 |  |  | 1,427,805 |  |  | $ | 11.74 |  |  | 550,299 |  |  | $ | 12.54 |
The following table represents changes in unvested SARs and related information as of and for the periods indicated:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share |  | Number of Shares |  | Weighted- Average Exercise Price per Share
Outstanding at beginning of year | 147,589 |  |  | $ | 10.09 |  |  | 275,152 |  |  | $ | 12.54 |  |  | 333,334 |  |  | $ | 12.12 |
Granted | 2,973 |  |  | $ | 12.27 |  |  | 768,576 |  |  | $ | 10.52 |  |  | 325,451 |  |  | $ | 13.18 |
Vested | (107,913 | ) |  | $ | 10.15 |  |  | (877,506 | ) |  | $ | 11.23 |  |  | (383,633 | ) |  | $ | 12.72 |
Forfeited | (16,686 | ) |  | $ | 10.09 |  |  | (18,633 | ) |  | $ | 10.09 |  |  | — |  |  | $ | — |
Outstanding at end of year | 25,963 |  |  | $ | 10.09 |  |  | 147,589 |  |  | $ | 10.09 |  |  | 275,152 |  |  | $ | 12.54 |

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