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STOCK PLANS (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018:
 
Authorized for issue
 
Available for issue
2010 Stock Incentive Plan
2,000,000

 
56,959

2013 Stock Incentive Plan
2,000,000

 
513,399

2018 Stock Incentive Plan
2,000,000

 
2,000,000

Total available for issuance
 
 
2,570,358

Schedule of Restricted Stock Activity
The following table shows the details for each of the 2016, 2017 and 2018 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
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

 
$
12.03

 
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

 
$
10.63

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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018 grants
223,988

 
$
21.21

 
Cliff - Subject to service conditions
 
Three Years
 
37,788

 
$
19.89

 
Graded - Subject to service conditions
 
Two Years
 
150,009

 
$
21.20

 
Cliff - Subject to service and performance conditions
 
Three Years
 
100,000

 
$
13.87

 
Cliff - Subject to service and market conditions
 
Three Years
Total 2018 grants
511,785

 
 
 
 
 
 

The following table summarizes the Company's restricted shares activity during the year:
 
Restricted
Shares
 
Weighted-Average Grant Date
Fair Value
Outstanding at December 31, 2017
841,610

 
$
20.41

Granted
261,776

 
21.02

Forfeited
(20,940
)
 
22.01

Vested
(357,194
)
 
19.62

Outstanding at December 31, 2018
725,252

 
$
21.03

The following table summarizes the Company's restricted stock units activity during the year:
 
Restricted
Stock Units - Service Based
 
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, 2017
15,000

 
$
14.04

 
327,486

 
$
20.44

 
236,708

 
$
12.46

Granted

 

 
150,009

 
21.20

 
100,000

 
13.87

Forfeited

 

 
(16,270
)
 
20.05

 
(10,845
)
 
11.84

Vested
(15,000
)
 
14.04

 
(55,921
)
 
21.21

 
(503
)
 
11.80

Expired

 

 

 

 
(55,163
)
 
14.88

Outstanding at December 31, 2018

 
$

 
405,304

 
$
20.92

 
270,197

 
$
12.46

Schedule of Stock Option Assumptions
In determining these values, the following weighted-average assumptions were used for the stock units granted during the fiscal years indicated:
 
2018
 
2017
 
2016
Weighted-average fair value on grant date
$
13.87

 
$
10.63

 
$
12.03

Assumptions used to compute fair value :
 
 
 
 
 
Volatility
27.3
%
 
27.2
%
 
27.3
%
Risk free interest rate
2.3
%
 
1.6
%
 
0.7
%
Expected term
3 years

 
3 years

 
2.6 years

Expected dividend yield
2.8
%
 
2.6
%
 
2.3
%
Schedule of Stock Options Activity
A summary of the status of the Company's options as of December 31, 2018 and 2017, and changes during the year ended December 31, 2018, is presented below.
 
Number of
Options
 
Weighted-
Average
Grant-Date (Per Share)
 
Weighted-
Average
Exercise Price (per Share)
 
Weighted- Average Remaining Contractual Life (years)
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2017

 
$

 
$

 
 
 
 
Granted
20,000

 
4.01

 
22.59

 
 
 
 
Outstanding at December 31, 2018
20,000

 
$
4.01

 
$
22.59

 
4.6
 
$

Exercisable at December 31, 2018

 
$

 
$

 
0
 
$