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EMPLOYEE STOCK COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2020
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 March 31,
($ in thousands) |  | 2020 |  | 2019
Stock options |  | $ | 2 |  |  | $ | 8 |
Restricted stock awards and units |  | 1,574 |  |  | 845 |
Total share-based compensation expense |  | $ | 1,576 |  |  | $ | 853 |
Related tax benefits |  | $ | 464 |  |  | $ | 251 |
Unrecognized Share-Based Compensation Expense | The following table presents unrecognized stock-based compensation expense as of March 31, 2020:
($ in thousands) |  | Unrecognized Expense |  | Weighted-Average Remaining Expected Recognition Period
Stock option awards |  | $ | 2 |  |  | 0.2 years
Restricted stock awards and restricted stock units |  | 10,447 |  |  | 2.5 years
Total |  | $ | 10,449 |  |  | 2.5 years
Option Activity | The following table represents stock option activity for the three months ended March 31, 2020:
|  | Three Months Ended March 31, 2020
($ 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 |  | 62,521 |  |  | $ | 13.85 |  |  | 4.3 years |  |
Exercised |  | (7,452 | ) |  | $ | 13.05 |  |  | 5.2 years |  |
Outstanding at end of period |  | 55,069 |  |  | $ | 13.96 |  |  | 4.0 years |  | $ | (344 | )
Exercisable at end of period |  | 52,821 |  |  | $ | 13.97 |  |  | 3.9 years |  | $ | (330 | )
Nonvested Share | The following table sets forth information regarding unvested stock options for the three months ended March 31, 2020:
|  | Three Months Ended March 31, 2020
|  | Number of Shares |  | Weighted-Average Exercise Price Per Share
Outstanding at beginning of period |  | 2,248 |  |  | $ | 13.75 |
Vested |  | — |  |  | $ | — |
Forfeited |  | — |  |  | $ | — |
Outstanding at end of period |  | 2,248 |  |  | $ | 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 months ended March 31, 2020:
|  | Three Months Ended March 31, 2020
|  | Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
Outstanding at beginning of period |  | 923,482 |  |  | $ | 15.74 |
Granted (1) |  | 269,138 |  |  | $ | 15.33 |
Vested (2) |  | (62,333 | ) |  | $ | 15.44 |
Forfeited (3) |  | (47,180 | ) |  | $ | 15.92 |
Outstanding at end of period |  | 1,083,107 |  |  | $ | 15.65 |
(1) | There were 78,771 performance-based shares/units included in shares granted for the three months ended March 31, 2020.
(2) | There were 5,399 performance-based shares/units included in vested shares for the three months ended March 31, 2020.
(3) The number of forfeited shares includes aggregate performance-based shares/units of 15,622 for the three months ended March 31, 2020.
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, 2020:
|  | Three Months Ended March 31, 2020
($ 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 |  |  | 2.6 years |  | $ | 8,508 |
Outstanding at end of period |  | 1,559,012 |  |  | $ | 11.60 |  |  | 2.4 years |  | $ | (6,503 | )
Exercisable at end of period |  | 1,559,012 |  |  | $ | 11.60 |  |  | 2.4 years |  | $ | (6,503 | )

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