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STOCK PLANS (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of shares authorized by plans
The following table summarizes the Company approved plans, the number of shares authorized to be issued and the number of shares available to be issued as of December 31, 2017:
 
Authorized for issue
 
Available for issue
2010 Stock Incentive Plan
2,000,000

 
29,157

2013 Stock Incentive Plan
2,000,000

 
1,007,793

Total available for issuance
 
 
1,036,950

Schedule of restricted stock activity
The following table summarizes the Company's restricted stock activity during the year:
 
Restricted
Stock
 
Weighted-Average Grant Date
Fair Value
Outstanding at December 31, 2016
993,962

 
$
18.00

Granted
301,738

 
22.80

Forfeited
(61,480
)
 
20.88

Vested
(392,610
)
 
16.07

Outstanding at December 31, 2017
841,610

 
$
20.41


The following table summarizes the Company's restricted stock units activity during the year:
 
Restricted
Stock Units
 
Weighted-Average Grant Date
Fair Value
 
Restricted
Stock Units Performance Based
 
Weighted-Average Grant Date
Fair Value
 
Restricted
Stock Units Market Based
 
Weighted-Average Grant Date
Fair Value
Outstanding at December 31, 2014
80,000

 
$
14.04

 
323,083

 
$
17.36

 
103,437

 
$
8.18

Granted

 

 
73,000

 
21.64

 
73,000

 
12.14

Forfeited

 

 
(15,625
)
 
15.92

 
(15,625
)
 
8.93

Vested
(35,000
)
 
14.04

 

 

 

 

Outstanding at December 31, 2015
45,000

 
$
14.04

 
380,458

 
$
18.28

 
160,812

 
$
10.12

Granted

 

 
163,509

 
18.81

 
109,000

 
13.02

Forfeited

 

 
(8,862
)
 
17.93

 
(7,203
)
 
11.42

Vested
(15,000
)
 
14.04

 

 

 

 

Outstanding at December 31, 2016
30,000

 
$
14.04

 
535,105

 
$
18.45

 
262,609

 
$
11.96

Granted

 

 
147,938

 
22.77

 
98,625

 
15.86

Forfeited

 

 
(39,347
)
 
21.03

 
(28,657
)
 
13.83

Vested
(15,000
)
 
14.04

 
(316,210
)
 
17.70

 
(95,869
)
 
8.97

Outstanding at December 31, 2017
15,000

 
$
14.04

 
327,486

 
$
20.44

 
236,708

 
$
14.40

The following table shows the details for each of the 2015, 2016 and 2017 restricted shares and restricted stock units grants:
Grant Date
Number of restricted shares and restricted stock units
 
Weighted-Average Grant Date Fair Value
 
Vesting
 
Vesting Period
2015 grants
146,000

 
$
21.64

 
Cliff - Subject to service conditions
 
Three Years
 
22,360

 
$
21.31

 
Graded - Subject to service conditions
 
Three Years
 
73,000

 
$
21.64

 
Cliff - Subject to service and performance conditions
 
Three Years
 
73,000

 
$
14.62

 
Cliff - Subject to service and market conditions
 
Three Years
Total 2015 grants
314,360

 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016 grants
283,000

 
$
18.69

 
Cliff - Subject to service conditions
 
Three Years
 
30,632

 
$
18.28

 
Graded - Subject to service conditions
 
Three Years
 
163,509

 
$
18.81

 
Cliff - Subject to service and performance conditions
 
Three Years
 
109,000

 
$
12.65

 
Cliff - Subject to service and market conditions
 
Three Years
Total 2016 grants
586,141

 
 
 
 
 
 
 
 
 
 
 
 
 
 
2017 grants
277,250

 
$
22.80

 
Cliff - Subject to service conditions
 
Three - Four Years
 
24,488

 
$
22.87

 
Graded - Subject to service conditions
 
Three Years
 
147,938

 
$
22.77

 
Cliff - Subject to service and performance conditions
 
Three Years
 
98,625

 
$
15.86

 
Cliff - Subject to service and market conditions
 
Three Years
Total 2017 grants
548,301

 
 
 
 
 
 
Schedule of stock options activity
The following table summarizes the Company's stock option activity for the preceding three years.
 
Number of
Options
 
Weighted-Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Life (years)
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2014
647,671

 
$
15.37

 
2.16
 
$
4,016,809

Exercised
(377,671
)
 
$
14.98

 
 
 
$
2,496,218

Outstanding at December 31, 2015
270,000

 
$
15.93

 
1.44
 
$
1,203,600

Exercised
(202,500
)
 
$
13.69

 
 
 
$
1,597,398

Outstanding at December 31, 2016
67,500

 
$
22.64

 
0.68
 
$
357,225

Exercised
(22,500
)
 
$
20.97

 

 
$
147,760

Expired
(45,000
)
 
$
23.47

 
 
 
$

Outstanding at December 31, 2017

 
$

 

 
$

Exercisable at December 31, 2017

 
$

 

 
$

Schedule of non-vested options
A summary of the status of the Company's non-vested options as of December 31, 2017 and 2016, and changes during the year ended December 31, 2017, is presented below.
 
Number of
Options
 
Weighted-
Average
Grant-Date
Fair Value
Non-vested at December 31, 2016
4,000

 
$
6.26

Vested
(4,000
)
 
$
6.26

Non-vested at December 31, 2017

 
$