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STOCK-BASED COMPENSATION PLANS

12 Months Ended

Dec. 31, 2016

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

4.	STOCK-BASED COMPENSATION PLANS

In accordance with the Company’s stock-based compensation plans, the Company may grant incentive stock options as well as non-qualified and other stock-related incentives to officers, employees and non-employee directors of the Company. Options vest ratably over a two to four-year period beginning on the grant date and expire ten years from the date of grant. Shares available for granting options at December 31, 2016, 2015 and 2014 were 0, 0 and 600,000, respectively. Equity incentive awards were previously granted under the Company’s 2005 Equity Incentive Plan; however this plan expired on April 27, 2015.

A summary of the activity of stock options for the years ended December 31, 2016, 2015 and 2014, is presented below (shares in thousands):

	2016					2015					2014
	Shares Under Option			Weighted Average Exercise Price		Shares Under Option			Weighted Average Exercise Price		Shares Under Option			Weighted Average Exercise Price
Outstanding at Beginning of Period		38		$	5.49		72		$	5.49		104		$	5.60
Granted		—			—		—			—		—			—
Exercised		(1	)		5.49		(34	)		5.49		(32	)		5.86
Forfeited and cancelled		—			—		—			—		—			—
Outstanding at End of Period		37		$	5.49		38		$	5.49		72		$	5.49
Options exercisable at year end		37		$	5.49		38		$	5.49		72		$	5.49

A summary of options outstanding under the Company’s stock-based compensation plans at December 31, 2016 is presented below (in thousands):

Exercise Price		Shares Under Option		Weighted Average Exercise Price of Options Outstanding		Weighted Average Remaining Life		Options Exercisable		Weighted Average Exercise Price of Shares Exercisable		Aggregate Intrinsic Value

$	5.49		37.5	$	5.49		1.85		37.5	$	5.49	$	786

- 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.

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