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STOCK-BASED COMPENSATION PLANS | 3 Months Ended
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Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
STOCK-BASED COMPENSATION PLANS | STOCK-BASED COMPENSATION PLANS Time Vested Stock Awards During the three months ended March 31, 2017, the Company issued the following stock-based awards that vest over the requisite service period:
Grant Date |  | Shares/Units Granted |  | Grant Type |  | Plan |  | Grant Date Fair Value Per Share |  |  | Vesting Period
1/3/2017 |  | 5,914 |  |  | Restricted Stock |  | 2012 Plan |  | $ | 43.99 |  | (1)(2)(3) |  | Ratably over 3 years from the grant date
2/28/2017 |  | 3,795 |  |  | MSPP |  | 2012 Plan |  | $ | 14.15 |  | (2)(4) |  | Cliff vest 2 years from the grant date
3/15/2017 |  | 2,772 |  |  | DCRP |  | 2012 Plan |  | $ | 42.66 |  | (3) |  | 1,303 shares vested immediately; 1,469 shares vest ratably until the recipient reaches age 65
3/16/2017 |  | 17,575 |  |  | Restricted Stock Units |  | 2012 Plan |  | $ | 43.11 |  | (3) |  | Ratably over 5 years from the grant date
3/16/2017 |  | 4,293 |  |  | MSPP |  | 2012 Plan |  | $ | 14.37 |  | (2)(4) |  | Cliff vest 2 years from the grant date
3/16/2017 |  | 853 |  |  | Restricted Stock |  | 2012 Plan |  | $ | 43.11 |  | (2)(3) |  | Ratably over 3 years from the grant date
(1) | Share-based awards issued under the 2017-2019 LTIP to the executive officers of the Company were 50% weighted on meeting the 3 year requisite service period (i.e. restricted stock) and 50% weighted on the attainment of certain performance targets as selected by the Company's Compensation Committee and as approved by the Company's Board of Directors.
(2) | Unvested awards participate fully in the rewards of stock ownership of the Company, including dividends and voting rights.
(3) | The grant date fair value per share (or unit) was determined based on the closing market price of the Company's common stock on the grant date.
(4) | MSPP awards are purchased by certain employees and executive officers of the Company at a one-third discount, based on the closing market price of the Company's common stock on the grant date. The grant date fair value per share equals the one-third discount received.
Performance-Based Stock Awards During the three months ended March 31, 2017, the Company issued the following stock-based awards that vest subject to achievement of certain performance measures:
Grant Date |  | Units Granted |  | Grant Type |  | Plan |  | Grant Date Fair Value Per Share |  |  | Vesting Period
3/16/2017 |  | 695 |  |  | Restricted Stock Units |  | 2012 Plan |  | $ | 43.11 |  | (1) |  | Ratably over a 3 year period, subject to the achievement of certain performance measures as determined annually
(1) | The grant date fair value per unit was determined based on the closing market price of the Company's common stock on the grant date. The Company recognizes compensation expense on its performance-based awards based on its estimated probability of achieving the performance measures.

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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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