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STOCK COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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, 2019 is as follows:

			Options						Weighted- average exercise price						Weighted- average remaining contractual life (years)						Aggregate intrinsic value
Options outstanding, January 1, 2019			1,548,825						$	13.87
Grants			296,500						9.21
Exercises			(75,000)						4.28
Cancellations			(6,750)						13.34
Expirations			(240,125)						13.93
Options outstanding, September 30, 2019			1,523,450						13.43						5.2						$	7,200
Options exercisable, September 30, 2019			1,040,172						$	14.44					3.3						$	7,200
Total unrecognized stock option expense remaining (in thousands)			$	1,554
Weighted-average years expected to be recognized over			1.6

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity and related information for the nine months ended September 30, 2019 is as follows:

			Restricted Shares						Weighted- average grant date fair value
Non-vested restricted shares, January 1, 2019			326,545						$	14.63
Grants			439,747						9.25
Vested			(145,049)						14.49
Cancellations			(24,537)						13.97
Non-vested restricted shares, September 30, 2019			596,706						$	10.73
Total unrecognized compensation expense remaining (in thousands)			$	5,045
Weighted-average years expected to be recognized over			1.7

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, 2019 is as follows:

			Performance- based stock awards (1)						Weighted- average grant date fair value
Non-vested performance-based awards, January 1, 2019			339,287						$	14.82
Grants			158,525						9.19
Vested			(66,761)						15.69
Cancellations			(25,992)						15.44
Non-vested performance-based awards, September 30, 2019			405,059						$	12.43
Total unrecognized compensation expense remaining (in thousands)			$	2,513
Weighted-average years expected to be recognized over			1.7

(1)Represents the target number of shares to be issued for each performance-based award.

Summary of Stock Compensation Expense

The Company recorded stock compensation expense as follows (in thousands):

			Three Months Ended September 30,																		Nine Months Ended September 30,
Stock Compensation Expense Components			2019						2018						2019						2018
Equity based stock option expense			$	206					$	152					$	454					$	559
Restricted and performance-based stock awards expense			1,292						1,116						3,130						2,468
Stock compensation expense for equity based awards			$	1,498					$	1,268					$	3,584					$	3,027
Liability based stock option expense			7												21
Total Stock Compensation Expense			$	1,505					$	1,268					$	3,605					$	3,027

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

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