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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2019
STOCK-BASED COMPENSATION. |
Summary of stock option activity |
|  |  |  | Weighted Average |  |  |  |
|  |  |  |  |  |  | Remaining |  | Aggregate |
|  |  |  | Exercise |  | Contractual |  | Intrinsic |
Stock Options |  | Shares |  | Price |  | Term |  | Value |
Stock Option Shares outstanding at beginning of period |  | 2,236,864 |  | $ | 26.21 |  | — |  |  | — |
Stock Option Shares granted |  | 352,617 |  |  | 43.66 |  | — |  |  | — |
Stock Option Shares exercised |  | (222,362) |  |  | 18.26 |  | — |  |  | — |
Stock Option Shares forfeited |  | (30,000) |  |  | 34.77 |  | — |  |  | — |
Stock Option Shares expired |  | — |  |  | — |  | — |  |  | — |
Stock Option Shares outstanding at end of period |  | 2,337,119 |  | $ | 29.49 |  | 6.6 | yrs. | $ | 43,371,603 |
Stock Option Shares exercisable at end of period |  | 1,107,468 |  | $ | 17.51 |  | 4.7 | yrs. | $ | 34,371,603 |
Summary of status of nonvested shares |
|  |  |  | Weighted-Average |
|  |  |  | Grant Date Fair |
Nonvested Stock Option Shares |  | Shares |  | Value |
Nonvested at January 1, 2019 |  | 1,266,312 |  | $ | 10.83 |
Granted |  | 352,617 |  |  | 12.19 |
Vested |  | (359,278) |  |  | 6.70 |
Forfeited |  | (30,000) |  |  | 10.75 |
Nonvested at December 31, 2019 |  | 1,229,651 |  | $ | 12.37 |
Schedule of stock options granted, vested and exercised | Option valuation assumptions for options granted during each year were as follows (dollars in thousands):
|  | Year ended December 31, |  |
|  | 2019 |  | 2018 |  | 2017 |  |
Weighted average expected volatility for options granted |  |  | 30.13 | % |  | 32.98 | % |  | 35.54 | % |
Expected dividends |  |  | — |  |  | — |  |  | — |  |
Expected life (in years) |  |  |  |  |  |  |  |  |  |  |
Directors’ plan |  |  | 3.04 |  |  | 3.04 |  |  | 2.99 |  |
Executives plan |  |  | 5.07 |  |  | 5.07 |  |  | 5.05 |  |
Employees plan |  |  | 4.18 |  |  | 4.12 |  |  | 4.14 |  |
Weighted average risk free rate |  |  | 1.83 | % |  | 2.76 | % |  | 1.83 | % |
Weighted average grant date fair value per share of options granted |  | $ | 12.19 |  | $ | 13.52 |  | $ | 11.92 |  |
Total fair value of shares vested |  | $ | 2,407 |  | $ | 2,080 |  | $ | 1,324 |  |
Total intrinsic value of options exercised |  | $ | 5,932 |  | $ | 4,659 |  | $ | 5,819 |  |
Cash received for all stock option exercises |  | $ | 4,060 |  | $ | 2,354 |  | $ | 5,813 |  |
Tax benefit realized from stock awards exercised |  | $ | 1,246 |  | $ | 978 |  | $ | 2,037 |  |
Schedule of stock-based compensation expense | Reported stock-based compensation expense was classified as follows (in thousands):
|  | For the Year ended December 31, |
|  | 2019 |  | 2018 |  | 2017 |
Casino |  | $ | 205 |  | $ | 129 |  | $ | 114 |
Food and beverage |  |  | 211 |  |  | 137 |  |  | 92 |
Hotel |  |  | 109 |  |  | 66 |  |  | 33 |
Selling, general and administrative |  |  | 3,600 |  |  | 2,799 |  |  | 2,005 |
Total stock-based compensation, before taxes |  |  | 4,125 |  |  | 3,131 |  |  | 2,244 |
Tax benefit |  |  | (866) |  |  | (657) |  |  | (785) |
Total stock-based compensation, net of tax |  | $ | 3,259 |  | $ | 2,474 |  | $ | 1,459 |

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