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EMPLOYEE STOCK COMPENSATION (Tables)

12 Months Ended

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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