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STOCK-BASED COMPENSATION | 6 Months Ended
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Jun. 30, 2016
STOCK-BASED COMPENSATION [Abstract] |
STOCK-BASED COMPENSATION | NOTE 11 - STOCK-BASED COMPENSATION Restricted Stock Under the restricted stock plans approved by our shareholders (the “Restricted Stock Plans”), directors, consultants and employees were awarded shares of DXP’s common stock. The shares of restricted stock granted to employees and that are outstanding as of June 30, 2016 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 the date of grant; 20% each year for five years after the grant date; or 10% each year for ten years after the grant date. 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 was 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 Plans at June 30, 2016:
Number of shares authorized for grants |  |  | 1,300,000 |
Number of shares granted |  |  | (883,199 | )
Number of shares forfeited |  |  | 158,876 |
Number of shares expired from 2005 plan |  |  | (81,527 | )
Number of shares available for future grants |  |  | 494,150 |
Weighted-average grant price of granted shares |  | $ | 28.26 |
Changes in restricted stock for the six months ended June 30, 2016 were as follows:
|  | Number of Shares |  |  | Weighted Average Grant Price |
Non-vested at December 31, 2015 |  |  | 137,507 |  |  | $ | 54.58 |
Granted |  |  | 10,000 |  |  | $ | 16.35 |
Forfeited |  |  | (15,000 | ) |  | $ | 91.56 |
Vested |  |  | (46,642 | ) |  | $ | 52.32 |
Non-vested at June 30, 2016 |  |  | 85,865 |  |  | $ | 44.89 |
Compensation expense, associated with restricted stock, recognized in the six months ended June 30, 2016 and 2015 was $1.3 million and $1.6 million, respectively. Related income tax losses recognized in earnings for the six months ended June 30, 2016 were approximately $0.6 million. Unrecognized compensation expense under the Restricted Stock Plan at June 30, 2016 and December 31, 2015 was $2.9 million and $4.2 million, respectively. As of June 30, 2016, the weighted average period over which the unrecognized compensation expense is expected to be recognized is 20.68 months.

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- 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=65895303&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=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: 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 5: 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 6: 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 + Details
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