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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2016
STOCKHOLDERS' EQUITY  
Summary of the activity of the equity incentive plans

        The following is a summary of the activity of the equity incentive plans excluding, except as otherwise noted, the 200,000 Units:

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2016

 

2015

 

2014

 

Restricted stock grants

 

 

139,225

 

 

129,975

 

 

118,850

 

Per share grant price

 

$

21.74

 

$

24.60

 

$

20.54

 

Deferred compensation to be recognized over vesting period

 

$

3,027,000

 

$

3,197,000

 

$

2,441,000

 

Number of non-vested shares:

 

 

 

 

 

 

 

 

 

 

Non-vested beginning of year

 

 

538,755

 

 

480,995

 

 

470,015

 

Grants

 

 

139,225

 

 

129,975

 

 

118,850

 

Vested during year

 

 

(85,730

)

 

(72,215

)

 

(101,300

)

Forfeitures

 

 

(500

)

 

 

 

(6,570

)

​  

​  

​  

​  

​  

​  

Non-vested end of year

 

 

591,750

 

 

538,755

 

 

480,995

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

The following information includes the 200,000 Units:

 

 

 

 

 

 

 

 

 

 

Average per share value of non-vested shares (based on grant price)

 

$

17.95

 

$

17.12

 

$

14.55

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Value of stock vested during the year (based on grant price)

 

$

1,451,500

 

$

612,000

 

$

621,000

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Average per share value of shares forfeited (based on grant price)

 

$

21.05

 

$

 

$

15.49

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

The total charge to operations for all incentive plans is as follows:

 

 

 

 

 

 

 

 

 

 

Outstanding restricted stock grants

 

$

2,692,000

 

$

2,204,000

 

$

1,701,000

 

Outstanding restricted stock units

 

 

291,000

 

 

130,000

 

 

132,000

 

​  

​  

​  

​  

​  

​  

Total charge to operations

 

$

2,983,000

 

$

2,334,000

 

$

1,833,000

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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​