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EMPLOYEE STOCK COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Share-Based Compensation Expense
The following table presents share-based compensation expense and the related tax benefits for the periods indicated:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
($ in thousands)
 
2018
 
2017
 
2018
 
2017
Stock options
 
$
80

 
$
420

 
$
113

 
$
667

Restricted stock awards and units
 
1,708

 
4,378

 
3,762

 
6,982

Stock appreciation rights
 

 

 

 
42

Total share-based compensation expense
 
$
1,788

 
$
4,798

 
$
3,875

 
$
7,691

Related tax benefits
 
$
524

 
$
1,992

 
$
1,136

 
$
3,195

Unrecognized Share-Based Compensation Expense
The following table presents unrecognized share-based compensation expense as of June 30, 2018:
($ in thousands)
 
Unrecognized Expense
 
Weighted-Average Remaining Expected Recognition Period
Stock option awards
 
$
201

 
1.8 years
Restricted stock awards and restricted stock units
 
11,865

 
2.7 years
Total
 
$
12,066

 
2.7 years
Option Activity
The following table represents stock option activity for the three months ended June 30, 2018:
 
 
Three Months Ended June 30, 2018
($ in thousands except per share data)
 
Number of Shares
 
Weighted-Average Exercise Price Per Share
 
Weighted-Average Remaining Contract Term
 
Aggregated Intrinsic Value
Outstanding at beginning of period
 
186,973

 
$
13.54

 
6.6 years
 
$
1,077

Outstanding at end of period
 
186,973

 
$
13.54

 
6.3 years
 
$
1,123

Exercisable at end of period
 
113,649

 
$
13.69

 
6.0 years
 
$
667


The following table represents stock option activity for the six months ended June 30, 2018:
 
 
Six Months Ended June 30, 2018
($ in thousands except per share data)
 
Number of Shares
 
Weighted-Average Exercise Price Per Share
 
Weighted-Average Remaining Contract Term
 
Aggregated Intrinsic Value
Outstanding at beginning of period
 
210,973

 
$
13.99

 
7.0 years
 
$
1,405

Exercised
 
(24,000
)
 
$
17.50

 
8.2 years
 
$

Outstanding at end of period
 
186,973

 
$
13.54

 
6.3 years
 
$
1,123

Exercisable at end of period
 
113,649

 
$
13.69

 
6.0 years
 
$
667

Nonvested Share
The following table sets forth information regarding unvested stock options for the three and six months ended June 30, 2018.
 
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2018
 
 
Number of Shares
 
Weighted-Average Exercise Price Per Share
 
Number of Shares
 
Weighted-Average
Exercise Price
Per Share
Outstanding at beginning of period
 
105,432

 
$
13.31

 
105,432

 
$
13.31

Vested
 
(32,108
)
 
$
13.28

 
(32,108
)
 
$
13.28

Outstanding at end of period
 
73,324

 
$
13.32

 
73,324

 
$
13.32

Restricted Stock and Restricted Stock Units Activity
The following table presents unvested restricted stock awards and restricted stock units activity for the three and six months ended June 30, 2018:
 
 
Three Months Ended June 30, 2018
 
Six Months Ended
June 30, 2018
 
 
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
 
917,941

 
$
18.91

 
911,633

 
$
18.73

Granted (1)
 
539,084

 
$
18.80

 
578,862

 
$
18.84

Vested (1)
 
(305,952
)
 
$
19.17

 
(318,217
)
 
$
19.01

Forfeited (1)
 
(165,836
)
 
$
18.24

 
(187,041
)
 
$
18.27

Outstanding at end of period
 
985,237

 
$
18.84

 
985,237

 
$
18.84


(1)
The number of granted shares/units includes aggregate performance-based shares of 289,301 and 306,801 for the three and six months ended June 30, 2018, respectively. The number of vested shares includes aggregate performance-based shares of 44,817 and 44,817 for the three and six months ended June 30, 2018, respectively. The number of forfeited shares includes aggregate performance-based shares of 41,782 and 47,420 for the three and six months ended June 30, 2018, respectively. The vesting of these awards is subject to certain performance targets and goals being met. These performance targets include conditions relating to the Company’s profitability and regulatory standing. The actual amounts of stock released upon vesting will be determined by the Compensation Committee of the Company's Board of Directors 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, 2018:
 
 
Three Months Ended June 30, 2018
($ in thousands except per share data)
 
Number of Shares
 
Weighted-Average Exercise Price Per Share
 
Weighted-Average Remaining Contract Term
 
Aggregated Intrinsic Value
Outstanding at beginning of period
 
1,559,012

 
$
11.60

 
4.4 years
 
$
12,001

Outstanding at end of period
 
1,559,012

 
$
11.60

 
4.1 years
 
$
12,390

Exercisable at end of period
 
1,559,012

 
$
11.60

 
4.1 years
 
$
12,390

The following table represents SARs activity as of and for the six months ended June 30, 2018:
 
 
Six Months Ended June 30, 2018
($ in thousands except per share data)
 
Number of Shares
 
Weighted-Average Exercise Price Per Share
 
Weighted-Average Remaining Contract Term
 
Aggregated Intrinsic Value
Outstanding at beginning of period
 
1,559,012

 
$
11.60

 
4.6 years
 
$
14,105

Outstanding at end of period
 
1,559,012

 
$
11.60

 
4.1 years
 
$
12,390

Exercisable at end of period
 
1,559,012

 
$
11.60

 
4.1 years
 
$
12,390