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Equity-Based Compensation Plan | 12 Months Ended
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Dec. 31, 2018
Equity-Based Compensation Plan [Abstract] |
Equity-Based Compensation Plan | NOTE 21 – EQUITY-BASED COMPENSATION PLAN The Omnibus Plan provides for equity-based compensation incentives through the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, and dividend equivalents, as well as equity-based performance awards. The activity in outstanding options for the years ended December 31, 2018, 2017, and 2016 is set forth below:
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
|  |  | Weighted |  |  |  | Weighted |  |  |  | Weighted
| Number |  | Average |  | Number |  | Average |  | Number |  | Average
| Of |  | Exercise |  | Of |  | Exercise |  | Of |  | Exercise
| Options |  | Price |  | Options |  | Price |  | Options |  | Price
Beginning of year | 845,619 |  | $ | 14.14 |  | 917,269 |  | $ | 14.08 |  | 951,523 |  | $ | 12.45
Options exercised | (101,268) |  |  | 13.41 |  | (71,150) |  |  | 12.96 |  | (24,752) |  |  | 12.43
Options forfeited | (5,025) |  |  | 17.05 |  | (500) |  |  | 15.26 |  | (9,502) |  |  | 16.65
End of year | 739,326 |  | $ | 14.28 |  | 845,619 |  | $ | 14.14 |  | 917,269 |  | $ | 14.08
The following table summarizes the range of exercise prices and the weighted average remaining contractual life of the options outstanding at December 31, 2018:
|  | Outstanding |  | Exercisable
|  |  |  |  |  |  |  | Weighted |  |  |  |  |  |
|  |  |  |  |  |  |  | Average |  |  |  |  |  |
|  |  |  |  | Weighted |  | Contract Life |  |  |  |  | Weighted
|  | Number of |  | Average |  | Remaining |  | Number of |  | Average
Range of Exercise Prices |  | Options |  | Exercise Price |  | (Years) |  | Options |  | Exercise Price
$5.63 to $8.45 |  |  | 3,532 |  |  | 8.28 |  | 0.3 |  |  | 3,532 |  |  | 8.28
11.27 to 14.08 |  |  | 313,394 |  |  | 11.81 |  | 2.2 |  |  | 313,394 |  |  | 11.81
14.09 to 16.90 |  |  | 265,675 |  |  | 15.40 |  | 4.7 |  |  | 228,625 |  |  | 15.29
16.91 to 19.71 |  |  | 156,725 |  |  | 17.00 |  | 6.2 |  |  | 78,362 |  |  | 17.44
|  |  | 739,326 |  | $ | 14.28 |  | 3.9 |  |  | 623,913 |  | $ | 13.77
Aggregate Intrinsic Value |  | $ | 1,767,596 |  |  |  |  |  |  | $ | 1,754,258 |  |  |
There were no options granted during 2018, 2017 and 2016. The average fair value of each option granted would have been estimated at the date of the grant using the Black-Scholes option pricing model. The Black-Scholes option-pricing model was developed for use in estimating the fair value of traded options that have no restrictions and are fully transferable and negotiable in a free trading market. Black-Scholes does not consider the employment, transfer or vesting restrictions that are inherent in Oriental’s stock options. Use of an option valuation model, as required by GAAP, includes highly subjective assumptions based on long-term predictions, including the expected stock pric e volatility and average life of each option grant. The following table summarizes the activity in restricted units under the Omnibus Plan for the years ended December 31, 2018, 2017 and 2016:
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
|  |  | Weighted |  |  |  | Weighted |  |  |  | Weighted
|  |  | Average |  |  |  | Average |  |  |  | Average
| Restricted |  | Grant Date |  | Restricted |  | Grant Date |  | Restricted |  | Grant Date
| Units |  | Fair Value |  | Units |  | Fair Value |  | Units |  | Fair Value
Beginning of year | 105,800 |  | $ | 14.19 |  | 59,800 |  | $ | 16.64 |  | 138,400 |  | $ | 16.17
Restricted units granted | 176,250 |  |  | 12.12 |  | 83,000 |  |  | 13.31 |  | - |  |  | -
Restricted units lapsed | (24,017) |  |  | 17.12 |  | (33,100) |  |  | 16.10 |  | (76,903) |  |  | 16.04
Restricted units forfeited | (3,983) |  |  | 12.48 |  | (3,900) |  |  | 16.79 |  | (1,697) |  |  | 17.02
End of year | 254,050 |  | $ | 12.50 |  | 105,800 |  | $ | 14.19 |  | 59,800 |  | $ | 16.64
The total unrecognized compensation cost related to non-vested restricted units to members of management at December 31, 2018 was $2.3 million and is expected to be rec ognized over a weighted-average period of 1.8 years.

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- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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