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SHARE-BASED COMPENSATION | 12 Months Ended
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Dec. 31, 2016
STOCK-BASED COMPENSATION [Abstract] |
STOCK-BASED COMPENSATION | NOTE 11 - SHARE-BASED COMPENSATION Restricted Stock Under the restricted stock plans approved by our shareholders, 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, 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 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 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. At December 31, 2016, 419,597 shares were available for future grant. Changes in restricted stock for the twelve months ended December 31, 2016 were as follows:
|  | Number of Shares |  |  | Weighted Average Grant Price |
Non-vested at December 31, 2015 |  |  | 137,507 |  |  | $ | 54.58 |
Granted |  |  | 108,553 |  |  | $ | 17.07 |
Forfeited |  |  | (39,000 | ) |  | $ | 65.41 |
Vested |  |  | (63,680 | ) |  | $ | 46.65 |
Non-vested at December 31, 2016 |  |  | 143,380 |  |  | $ | 26.76 |
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 |  |  | 35,821 |  |  | $ | 40.95 |
Forfeited |  |  | (20,855 | ) |  | $ | 41.34 |
Vested |  |  | (57,401 | ) |  | $ | 44.99 |
Non-vested at December 31, 2015 |  |  | 137,507 |  |  | $ | 54.58 |
Changes in restricted stock for the twelve months ended December 31, 2014 were as follows:
|  | Number of Shares |  |  | Weighted Average Grant Price |
Non-vested at December 31, 2013 |  |  | 211,510 |  |  | $ | 36.17 |
Granted |  |  | 52,219 |  |  | $ | 93.12 |
Forfeited |  |  | (14,112 | ) |  | $ | 38.68 |
Vested |  |  | (69,675 | ) |  | $ | 35.41 |
Non-vested at December 31, 2014 |  |  | 179,942 |  |  | $ | 52.71 |
Compensation expense, associated with restricted stock, recognized in the years ended December 31, 2016, 2015 and 2014 was $2.0 million, $3.0 million, and $3.6 million, respectively. Related income tax benefits recognized in earnings in the years ended December 31, 2016, 2015 and 2014 were approximately $0.8 million, $1.2 million and $1.4 million, respectively. Unrecognized compensation expense under the Restricted Stock Plan at December 31, 2016 and December 31, 2015 was $2.7 million and $4.9 million, respectively. As of December 31, 2016, the weighted average period over which the unrecognized compensation expense is expected to be recognized is 15.2 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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