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EMPLOYEE STOCK COMPENSATION (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
($ in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Stock options |  | $ | 3 |  |  | $ | 32 |  |  | $ | (13 | ) |  | $ | 145 |
Restricted stock awards and units |  | 1,491 |  |  | 1,366 |  |  | 3,857 |  |  | 5,128 |
Total share-based compensation expense |  | $ | 1,494 |  |  | $ | 1,398 |  |  | $ | 3,844 |  |  | $ | 5,273 |
Related tax benefits |  | $ | 439 |  |  | $ | 410 |  |  | $ | 1,130 |  |  | $ | 1,546 |
Unrecognized Share-Based Compensation Expense | The following table presents unrecognized stock-based compensation expense as of September 30, 2019:
($ in thousands) |  | Unrecognized Expense |  | Weighted-Average Remaining Expected Recognition Period
Stock option awards |  | $ | 9 |  |  | 0.8 years
Restricted stock awards and restricted stock units |  | 11,399 |  |  | 2.3 years
Total |  | $ | 11,408 |  |  | 2.3 years
Option Activity | The following table represents stock option activity for the three months ended September 30, 2019:
|  | Three Months Ended September 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 |  | 135,521 |  |  | $ | 13.65 |  |  | 5.1 years |  |
Exercised |  | (73,000 | ) |  | $ | 13.47 |  |  | 5.6 years |  |
Forfeited |  | — |  |  | $ | — |  |  | 0.0 years |  |
Outstanding at end of period |  | 62,521 |  |  | $ | 13.85 |  |  | 4.6 years |  | $ | 18 |
Exercisable at end of period |  | 59,149 |  |  | $ | 13.86 |  |  | 4.5 years |  | $ | 17 |
The following table represents stock option activity for the nine months ended September 30, 2019:
|  | Nine Months Ended September 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 |  | (74,836 | ) |  | $ | 13.41 |  |  | 5.2 years |  |
Forfeited |  | (49,616 | ) |  | $ | 13.34 |  |  | 6.1 years |  |  |
Outstanding at end of period |  | 62,521 |  |  | $ | 13.85 |  |  | 4.6 years |  | $ | 18 |
Exercisable at end of period |  | 59,149 |  |  | $ | 13.86 |  |  | 4.5 years |  | $ | 17 |
Nonvested Share | The following table sets forth information regarding unvested stock options for the three and nine months ended September 30, 2019:
|  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 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 |  | 7,848 |  |  | $ | 13.35 |  |  | 63,848 |  |  | $ | 13.30 |
Vested |  | (4,476 | ) |  | $ | 13.05 |  |  | (16,476 | ) |  | $ | 13.22 |
Forfeited |  | — |  |  | $ | — |  |  | (44,000 | ) |  | $ | 13.29 |
Outstanding at end of period |  | 3,372 |  |  | $ | 13.75 |  |  | 3,372 |  |  | $ | 13.75 |
Restricted Stock and Restricted Stock Units Activity | The following table presents unvested restricted stock awards and restricted stock units activity for the three and nine months ended September 30, 2019:
|  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 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 |  | 1,106,854 |  |  | $ | 15.93 |  |  | 833,601 |  |  | $ | 19.02 |
Granted (1) |  | 49,191 |  |  | $ | 14.84 |  |  | 772,589 |  |  | $ | 14.36 |
Vested (2) |  | (25,522 | ) |  | $ | 15.11 |  |  | (240,779 | ) |  | $ | 18.54 |
Forfeited (3) |  | (63,512 | ) |  | $ | 16.62 |  |  | (298,400 | ) |  | $ | 18.64 |
Outstanding at end of period |  | 1,067,011 |  |  | $ | 15.86 |  |  | 1,067,011 |  |  | $ | 15.86 |
(1) | There were 23,540 and 174,935 performance-based shares/units included in shares granted for the three and nine months ended September 30, 2019, respectively.
(2) | There were 0 and 37,572 performance-based shares/units included in vested shares for the three and nine months ended September 30, 2019, respectively.
(3) The number of forfeited shares includes aggregate performance-based shares/units of 28,617 and 171,150 for the three and nine months ended September 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 September 30, 2019:
|  | Three Months Ended September 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 |  |  | 3.2 years |  | $ | 3,691 |
Outstanding at end of period |  | 1,559,012 |  |  | $ | 11.60 |  |  | 2.9 years |  | $ | 3,956 |
Exercisable at end of period |  | 1,559,012 |  |  | $ | 11.60 |  |  | 2.9 years |  | $ | 3,956 |
The following table represents SARs activity and the weighted average exercise price per share as of and for the nine months ended September 30, 2019:
|  | Nine Months Ended September 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 |  |  | 2.9 years |  | $ | 3,956 |
Exercisable at end of period |  | 1,559,012 |  |  | $ | 11.60 |  |  | 2.9 years |  | $ | 3,956 |

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