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EMPLOYEE STOCK COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2016:
 
June 30, 2016
 
Unrecognized
Expense
 
Average
Expected
Recognition
Period
 
($ in thousands)
Stock option awards
$
1,832

 
3.9 years
Restricted stock awards and restricted stock units
16,362

 
2.5 years
Stock appreciation rights
6

 
0.9 years
Total
$
18,200

 
2.7 years
Option Activity
The following table represents stock option activity as of and for the three months ended June 30, 2016:
 
Three Months Ended June 30, 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
1,010,879

 
$
13.05

 
7.1 years
 
$
1,973

Granted
240,000

 
$
17.50

 
9.8 years
 


Cash settled
(55,826
)
 
$
14.33

 
2.3 years
 
 
Forfeited
(83,743
)
 
$
14.33

 
2.3 years
 


Expired
(2,053
)
 
$
13.88

 
0.0 years
 
 
Outstanding at end of period
1,109,257

 
$
13.84

 
8.3 years
 
$
4,714

Exercisable at end of period
466,979

 
$
12.57

 
6.6 years
 
$
2,582

The following table represents stock option activity as of and for the six months ended June 30, 2016:
 
Six Months Ended June 30,
 
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
320,000

 
$
16.78

 
9.7 years
 


Cash settled
(55,826
)
 
$
14.33

 
2.3 years
 
 
Forfeited
(113,743
)
 
$
13.55

 
3.4 years
 


Expired
(2,053
)
 
$
13.88

 
0.0 years
 
 
Outstanding at end of period
1,109,257

 
$
13.84

 
8.3 years
 
$
4,714

Exercisable at end of period
466,979

 
$
12.57

 
6.6 years
 
$
2,582
Nonvested Share
The following table represents changes in unvested stock options as of and for the three and six months ended June 30, 2016:
 
Three Months Ended
 
Six Months Ended
 
June 30, 2016
 
June 30, 2016
 
Number
of Shares
 
Weighted-
Average
Exercise
Price per
Share
 
Number
of Shares
 
Weighted-
Average
Exercise
Price per
Share
Outstanding at beginning of period
600,016

 
$
13.29

 
566,266

 
$
12.99

Granted
240,000

 
$
17.50

 
320,000

 
$
16.78

Vested
(113,995
)
 
$
13.00

 
(130,245
)
 
$
12.95

Forfeited
(83,743
)
 
$
14.33

 
(113,743
)
 
$
13.55

Outstanding at end of period
642,278

 
$
14.78

 
642,278

 
$
14.78
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 and six months ended June 30, 2016:
 
Three Months Ended
 
Six Months Ended
 
June 30, 2016
 
June 30, 2016
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Per Share
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Per Share
Outstanding at beginning of period
1,940,788

 
$
12.94

 
1,516,361

 
$
12.40

Granted (1)
761,976

 
$
18.77

 
1,491,563

 
$
18.01

Vested
(445,090
)
 
$
12.65

 
(588,898
)
 
$
13.07

Forfeited (1)
(743,043
)
 
$
13.05

 
(904,395
)
 
$
13.26

Outstanding at end of period
1,514,631

 
$
15.47

 
1,514,631

 
$
15.47


(1)
The number of granted shares includes aggregate performance-based shares of 50,000 and 602,671 for the three and six months ended June 30, 2016. The number of forfeited shares includes aggregate performance-based shares of 615,223 for each of the three and six months ended June 30, 2016. The grant date fair value of the performance-based shares are not considered for the weighted average grant date fair value 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 June 30, 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
1,559,459

 
$
11.60

 
6.6 years
 
$
9,198

Granted
—

 
$
—

 
0.0 years
 


Exercised
—

 
$
—

 
0.0 years
 


Forfeited
(219
)
 
$
10.09

 
6.4 years
 


Outstanding at end of period
1,559,240

 
$
11.60

 
6.4 years
 
$
10,132

Exercisable at end of period
1,549,874

 
$
11.61

 
6.4 years
 
$
10,057

The following table represents SARs activity as of and for the six months ended June 30, 2016:
 
Six Months Ended June 30,
 
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
(2,441
)
 
$
10.09

 
6.4 years
 


Outstanding at end of period
1,559,240

 
$
11.60

 
6.4 years
 
$
10,132

Exercisable at end of period
1,549,874

 
$
11.61

 
6.4 years
 
$
10,057

The following table represents changes in unvested SARs as of and for the three and six months ended June 30, 2016:
 
Three Months Ended
 
Six Months Ended
 
June 30, 2016
 
June 30, 2016
 
Number
of Shares
 
Weighted-
Average
Exercise
Price per
Share
 
Number
of Shares
 
Weighted-
Average
Exercise
Price per
Share
Outstanding at beginning of period
10,839

 
$
10.09

 
25,963

 
$
10.09

Granted
—

 
$
—

 
—

 
$
—

Vested
(1,254
)
 
$
10.09

 
(14,156
)
 
$
10.09

Forfeited
(219
)
 
$
10.09

 
(2,441
)
 
$
10.09

Outstanding at end of period
9,366

 
$
10.09

 
9,366

 
$
10.09