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EMPLOYEE STOCK COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Share-Based Compensation Expense
The following table presents stock-based compensation expense and the related tax benefits for the periods indicated:
 
 
Three Months Ended March 31,
($ in thousands)
 
2019
 
2018
Stock options
 
$
8

 
$
33

Restricted stock awards and units
 
845

 
2,054

Total share-based compensation expense
 
$
853

 
$
2,087

Related tax benefits
 
$
251

 
$
612

Unrecognized Share-Based Compensation Expense
The following table presents unrecognized stock-based compensation expense as of March 31, 2019:
($ in thousands)
 
Unrecognized Expense
 
Weighted-Average Remaining Expected Recognition Period
Stock option awards
 
$
90

 
1.1 years
Restricted stock awards and restricted stock units
 
6,911

 
2.1 years
Total
 
$
7,001

 
2.1 years
Option Activity
The following table represents stock option activity for the three months ended March 31, 2019:
 
 
Three Months Ended March 31, 2019
($ 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

 
5.8 years
 
 
Forfeited
 
(16,000
)
 
$
13.29

 
6.1 years
 
 
Outstanding at end of period
 
170,973

 
$
13.56

 
5.5 years
 
$
47

Exercisable at end of period
 
123,125

 
$
13.67

 
5.3 years
 
$
21

Nonvested Share
The following table sets forth information regarding unvested stock options for the three months ended March 31, 2019.
 
 
Three Months Ended March 31, 2019
 
 
Number of Shares
 
Weighted-Average Exercise Price Per Share
Outstanding at beginning of period
 
63,848

 
$
13.30

Forfeited
 
(16,000
)
 
$
13.29

Outstanding at end of period
 
47,848

 
$
13.30

Restricted Stock and Restricted Stock Units Activity
The following table presents unvested restricted stock awards and restricted stock units activity for the three months ended March 31, 2019:
 
 
Three Months Ended March 31, 2019
 
 
Number of Shares
 
Weighted Average Grant Date Fair Value Per Share
Outstanding at beginning of period
 
833,601

 
$
19.02

Granted (1)
 
135,594

 
$
14.75

Vested (2)
 
(13,441
)
 
$
16.99

Forfeited (3)
 
(107,110
)
 
$
20.38

Outstanding at end of period
 
848,644

 
$
18.20


(1)
There were no performance-based shares/units included in shares granted for the three months ended March 31, 2019.
(2)
There were no performance-based shares/units included in vested shares for the three months ended March 31, 2019.
(3)
The number of forfeited shares includes aggregate performance-based shares/units of 72,567 for the three months ended March 31, 2019
Summary of all Outstanding SARs
The following table represents SARs activity and the weighted average exercise price per share as of and for the three months ended March 31, 2019:
 
 
Three Months Ended March 31, 2019
($ 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

 
3.6 years
 
$
2,662

Outstanding at end of period
 
1,559,012

 
$
11.60

 
3.4 years
 
$
3,488

Exercisable at end of period
 
1,559,012

 
$
11.60

 
3.4 years
 
$
3,488