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STOCK COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2015
Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the nine months ended September 30, 2015 is as follows:

 

     Options      Weighted-
average
exercise
price
     Weighted-
average
remaining
contractual
life (years)
     Aggregate
intrinsic value
 

Options outstanding, January 1, 2015

     2,326,627       $ 14.19         

Grants

     29,600         15.23         

Exercises

     (110,375      8.84         

Cancellations

     (30,750      15.62         

Expirations

     (23,900      27.23         
  

 

 

          

Options outstanding, September 30, 2015

     2,191,202         14.31         5.3       $ 4,798,000   
  

 

 

          

 

 

 

Options exercisable, September 30, 2015

     1,670,910       $ 13.82         4.5       $ 4,422,000   
  

 

 

          

 

 

 
Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity and related information for the nine months ended September 30, 2015 is as follows:

 

     Restricted
Shares
     Weighted-
average
grant date
fair value
 

Nonvested restricted shares, January 1, 2015

     26,511       $ 15.86   

Grants

     95,073         14.84   

Vested

     (24,649      15.97   
  

 

 

    

Nonvested restricted shares, September 30, 2015

     96,935       $ 14.84   
  

 

 

    

Total unrecognized compensation expense remaining

   $ 1,193,000      

Weighted-average years expected to be recognized over

     2.8      
Summary of Performance-based Award Activity

A summary of the Company’s performance-based award activity and related information for the nine months ended September 30, 2015 is as follows:

 

     Performance-
based
awards
     Weighted-
average
grant date
fair value
 

Nonvested performance-based awards, January 1, 2015

     —         $ —     

Grants (at target)

     66,650         14.84   
  

 

 

    

Nonvested performance-based awards, September 30, 2015

     66,650       $ 14.84   
  

 

 

    

Total unrecognized compensation expense remaining

   $ 831,000      

Weighted-average years expected to be recognized over

     2.3