SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On March 7, 2018, the Compensation Committee of the Company's Board of Directors authorized the issuance of 153,500 shares of performance-based restricted stock and stock options with 150,000 underlying shares under the 1997 Plan, including 143,500 shares of performance-based restricted stock and stock options with 140,000 underlying shares granted to Company Executive Officers. The vesting of these shares is subject to the achievement of certain Company performance and market conditions and, in some instances, a service period requirement, that must be met on or before March 31, 2025, with the exception of 30,873 restricted stock with vesting tied to the Company's stock outperforming the S&P 500 Index over a two or four year time period, which will forfeit if not achieved at the specified time period. The stock options are to vest annually in three approximately equal tranches. No other material recognized or non-recognizable subsequent events were identified.