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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2017
SHARE-BASED COMPENSATION  
Summary of the Company's restricted stock unit award program

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

    

 

 

Grant Date

 

 

 

Units

 

Fair Value

 

Outstanding – January 1, 2017

 

1,477,537

 

$

23.88

 

Granted

 

504,550

 

$

16.39

 

Vested

 

(438,018)

 

$

18.27

 

Forfeited(1)

 

(84,809)

 

$

23.88

 

Outstanding – December 31, 2017

 

1,459,260

 

$

22.98

 

(1)

Forfeitures are recognized as they occur.
Schedule of restricted stock units granted during the year

The Compensation Committee of the Company’s Board of Directors granted restricted stock units under the 2005 Plan during the years ended December 31, 2017, 2016, and 2015 as follows:

 

k

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

Grant Date

 

 

    

Units

    

Fair Value

 

2017

 

504,550

 

$

16.39

 

2016

 

536,440

 

$

15.89

 

2015

 

269,660

 

$

35.50