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EMPLOYEE STOCK COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2016
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 March 31, 2016:
 
March 31, 2016
 
Unrecognized
Expense
 
Average
Expected
Recognition
Period
 
($ in thousands)
Stock option awards
$
1,436

 
3.3 years
Restricted stock awards and restricted stock units
13,833

 
3.7 years
Stock appreciation rights
9

 
1.1 years
Total
$
15,278

 
3.7 years
Option Activity
The following table represents stock option activity as of and for the three months ended March 31, 2016:
 
Three Months Ended March 31, 2016
 
Number of
Shares
 
Weighted-
Average
Exercise
Price per
Share
 
Weighted-
Average
Remaining
Contract
Term
 
Aggregated
Intrinsic
Value
(In thousands)
Outstanding at beginning of period
960,879

 
$
12.86

 
6.9 years
 
$
796

Granted
80,000

 
$
14.62

 
9.8 years
 


Exercised
—

 
$
—

 
0.0 years
 


Forfeited
(30,000
)
 
$
11.36

 
6.7 years
 


Outstanding at end of period
1,010,879

 
$
13.05

 
7.1 years
 
$
1,973

Exercisable at end of period
410,863

 
$
12.70

 
5.9 years
 
$
1,973
Nonvested Share
The following table represents changes in unvested stock options as of and for the three months ended March 31, 2016:
 
Three Months Ended
 
March 31, 2016
 
Number
of Shares
 
Weighted-
Average
Exercise
Price per
Share
Outstanding at beginning of period
566,266

 
$
12.99

Granted
80,000

 
$
14.62

Vested
(16,250
)
 
$
12.61

Forfeited
(30,000
)
 
$
11.36

Outstanding at end of period
600,016

 
$
13.29
Restricted Stock and Restricted Stock Units Activity
The following table represents unvested restricted stock awards and restricted stock units activity as of and for the three months ended March 31, 2016:
 
Three Months Ended
 
March 31, 2016
 
Number of
Shares
 
Weighted-
Average
Price per
Share
Outstanding at beginning of period
1,516,361

 
$
12.40

Granted (1)
729,587

 
$
14.62

Vested
(143,808
)
 
$
15.17

Forfeited
(161,352
)
 
$
13.42

Outstanding at end of period
1,940,788

 
$
12.94


(1)
Aggregate performance-based shares of 672,757 are included in the number of granted shares, but not considered in the weighted average exercise price per share. These awards are linked to certain performance conditions relating to profitability and regulatory standing and actual amounts of stock released upon vesting will be determined by the Compensation, Nominating, and Corporate Governance Committee upon the Committee's certification of the satisfaction of the target level of performance.
Summary of all Outstanding SARs
The following table represents SARs activity as of and for the three months ended March 31, 2016:
 
Three Months Ended March 31, 2016
 
Number of
Shares
 
Weighted-
Average
Exercise
Price per
Share
 
Weighted-
Average
Remaining
Contract
Term
 
Aggregated
Intrinsic
Value
(In thousands) 
Outstanding at beginning of period
1,561,681

 
$
11.60

 
6.6 years
 
$
4,716

Granted
—

 
$
—

 
0.0 years
 
$
—

Exercised
—

 
$
—

 
0.0 years
 
$
—

Forfeited
(2,222
)
 
$
10.09

 
6.4 years
 
$
—

Outstanding at end of period
1,559,459

 
$
11.60

 
6.4 years
 
$
9,198

Exercisable at end of period
1,548,620

 
$
11.61

 
6.4 years
 
$
9,117

The following table represents changes in unvested SARs as of and for the three months ended March 31, 2016:
 
Three Months Ended
 
March 31, 2016
 
Number
of Shares
 
Weighted-
Average
Exercise
Price per
Share
Outstanding at beginning of period
25,963

 
$
10.09

Granted
—

 
$
—

Vested
(12,902
)
 
$
10.09

Forfeited
(2,222
)
 
$
10.09

Outstanding at end of period
10,839

 
$
10.09