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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2018

STOCKHOLDERS' EQUITY

Summary of the activity of the equity incentive plans


		Years Ended December 31,
		2018			2017			2016
Restricted stock grants:
Number of shares			144,750			140,100			139,225
Average per share grant price		$	25.31		$	24.75		$	21.74
Deferred compensation to be recognized over vesting period		$	3,664,000		$	3,467,000		$	3,027,000

Number of non-vested shares:
Non-vested beginning of year			612,900			591,750			538,755
Grants			144,750			140,100			139,225
Vested during year			(106,000)			(118,450)			(85,730)
Forfeitures			(400)			(500)			(500)
Non-vested end of year			651,250			612,900			591,750

RSU grants:
Number of underlying shares			76,250			76,250			—
Average per share grant price		$	26.41		$	24.03			—
Deferred compensation to be recognized over vesting period		$	952,000		$	1,004,000			—

Number of non-vested shares:
Non-vested beginning of year			76,250			200,000			200,000
Grants			76,250			76,250			—
Vested during year			—			(113,584)			—
Forfeitures			—			(86,416)			—
Non-vested end of year			152,500			76,250			200,000

Restricted stock and RSU grants:
Weighted average per share value of non-vested shares (based on grant price)		$	23.83		$	22.89		$	17.95
Value of stock vested during the year (based on grant price)		$	2,289,000		$	3,008,000		$	1,451,500
Weighted average per share value of shares forfeited during the year (based on grant price)		$	23.59		$	8.37		$	21.05

Total charge to operations:
Outstanding restricted stock grants		$	3,028,000		$	2,966,000		$	2,692,000
Outstanding RSUs			482,000			167,000			291,000
Total charge to operations		$	3,510,000		$	3,133,000		$	2,983,000