XML 34 R19.htm IDEA: XBRL DOCUMENT
v3.3.1.900

SHARE-BASED COMPENSATION | 12 Months Ended
--- | ---
Dec. 31, 2015
SHARE-BASED COMPENSATION [Abstract] |
SHARE-BASED COMPENSATION | NOTE 11 - SHARE-BASED COMPENSATION Restricted Stock Under the restricted stock plan approved by our shareholders (the “Restricted Stock Plan”), directors, consultants and employees may be awarded shares of DXP’s common stock. The shares of restricted stock granted to employees and that are outstanding as of December 31, 2015 vest in accordance with one of the following vesting schedules: 100% one year after date of grant; 33.3% each year for three years after date of grant; 20% each year for five years after date of grant; or 10% each year for ten years after date of grant. The Restricted Stock Plan provides that on each July 1 during the term of the plan each non-employee director of DXP will be granted the number of whole shares calculated by dividing $75,000 by the closing price of the common stock on such July 1. The shares of restricted stock granted to non-employee directors of DXP vest one year after the grant date. The fair value of restricted stock awards is measured based upon the closing prices of DXP’s common stock on the grant dates and is recognized as compensation expense over the vesting period of the awards. Once restricted stock vests, new shares of the Company’s stock are issued. The following table provides certain information regarding the shares authorized and outstanding under the Restricted Stock Plan at December 31, 2015:
Number of shares authorized for grants |  |  | 800,000 |
Number of shares granted |  |  | (862,349 | )
Number of shares forfeited |  |  | 143,876 |
Number of shares available for future grants |  |  | 81,527 |
Weighted-average grant price of granted shares |  | $ | 28.21 |
Changes in restricted stock for the twelve months ended December 31, 2015 were as follows:
|  | Number of Shares |  |  | Weighted Average Grant Price |
Non-vested at December 31, 2014 |  |  | 179,942 |  |  | $ | 52.71 |
Granted |  |  | 24,971 |  |  | $ | 40.95 |
Forfeited |  |  | (20,855 | ) |  | $ | 41.34 |
Vested |  |  | (57,401 | ) |  | $ | 44.99 |
Non-vested at December 31, 2015 |  |  | 126,657 |  |  | $ | 55.54 |
Compensation expense, associated with restricted stock, recognized in the years ended December 31, 2015, 2014 and 2013 was $3.0 million, $3.6 million, and $2.8 million, respectively. Related income tax benefits recognized in earnings in the years ended December 31, 2015, 2014 and 2013 were approximately $1.2 million, $1.4 million and $1.1 million, respectively. Unrecognized compensation expense under the Restricted Stock Plan at December 31, 2015 and December 31, 2014 was $4.9 million and $6.9 million, respectively. As of December 31, 2015, the weighted average period over which the unrecognized compensation expense is expected to be recognized is 22.9 months.

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration