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EMPLOYEE STOCK COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [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 June 30,								Six Months Ended June 30,
($ in thousands)		2019				2018				2019				2018
Stock options		$	(24	)		$	80			$	(16	)		$	113
Restricted stock awards and units		1,521				1,708				2,366				3,762
Total share-based compensation expense		$	1,497			$	1,788			$	2,350			$	3,875
Related tax benefits		$	440			$	524			$	691			$	1,136

Unrecognized Share-Based Compensation Expense

The following table presents unrecognized stock-based compensation expense as of June 30, 2019:

($ in thousands)		Unrecognized Expense				Weighted-Average Remaining Expected Recognition Period
Stock option awards		$	11			1.0 year
Restricted stock awards and restricted stock units		12,826				2.5 years
Total		$	12,837			2.5 years

Option Activity

The following table represents stock option activity for the three months ended June 30, 2019:

		Three Months Ended June 30, 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		170,973			$	13.56			5.5 years
Exercised		(1,836	)		$	10.90			5.1 years
Forfeited		(33,616	)		$	13.37			6.0 years
Outstanding at end of period		135,521			$	13.65			5.1 years		$	43
Exercisable at end of period		127,673			$	13.67			5.0 years		$	38

The following table represents stock option activity for the six months ended June 30, 2019:

		Six Months Ended June 30, 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
Exercised		(1,836	)		$	10.90			5.1 years
Forfeited		(49,616	)		$	13.34			6.1 years
Outstanding at end of period		135,521			$	13.65			5.1 years		$	43
Exercisable at end of period		127,673			$	13.67			5.0 years		$	38

Nonvested Share

The following table sets forth information regarding unvested stock options for the three and six months ended June 30, 2019:

		Three Months Ended June 30, 2019							Six Months Ended June 30, 2019
		Number of Shares			Weighted-Average Exercise Price Per Share				Number of Shares			Weighted-Average Exercise Price Per Share
Outstanding at beginning of period		47,848			$	13.30			63,848			$	13.30
Vested		(12,000	)		$	13.29			(12,000	)		$	13.29
Forfeited		(28,000	)		$	13.29			(44,000	)		$	13.29
Outstanding at end of period		7,848			$	13.35			7,848			$	13.35

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, 2019:

		Three Months Ended June 30, 2019							Six Months Ended June 30, 2019
		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		848,644			$	18.20			833,601			$	19.02
Granted (1)		587,804			$	14.23			723,398			$	14.33
Vested (2)		(201,816	)		$	19.07			(215,257	)		$	18.94
Forfeited (3)		(127,778	)		$	18.19			(234,888	)		$	19.19
Outstanding at end of period		1,106,854			$	15.93			1,106,854			$	15.93

(1) There were 151,395 performance-based shares/units included in shares granted for the three and six months ended June 30, 2019.

(2) There were 37,572 performance-based shares/units included in vested shares for the three and six months ended June 30, 2019.

(3)

The number of forfeited shares includes aggregate performance-based shares/units of 69,966 and 142,533 for the three and six months ended June 30, 2019, respectively.

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 June 30, 2019:

		Three Months Ended June 30, 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			3.4 years		$	3,488
Outstanding at end of period		1,559,012			$	11.60			3.2 years		$	3,691
Exercisable at end of period		1,559,012			$	11.60			3.2 years		$	3,691

The following table represents SARs activity and the weighted average exercise price per share as of and for the six months ended June 30, 2019:

		Six Months Ended June 30,
($ 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			3.2 years		$	3,691
Exercisable at end of period		1,559,012			$	11.60			3.2 years		$	3,691

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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