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STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2017
Stock-Based Compensation Impact on Company's Operations

The impact on the Company’s results of operations of recording stock-based compensation (including impact of restricted stock) for the three and nine months ended September 30, 2017 and 2016 was as follows:

 

     (in thousands)  
     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2017      2016      2017      2016  
     (in thousands)      (in thousands)  

Cost of revenues

   $ 917      $ 635      $ 2,854      $ 2,024  

Selling, general and administrative expenses

     1,223        1,017        3,871        3,310  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 2,140      $ 1,652      $ 6,725      $ 5,334  
  

 

 

    

 

 

    

 

 

    

 

 

Summary of Activity for Restricted Stock Unit Awards Granted

A summary of the activity for restricted stock unit awards granted under our stock-based compensation plans as of September 30, 2017 and December 31, 2016 and changes during the period ended are presented below:

 

     Nine Months Ended
September 30,

2017
     Year ended
December 31,

2016
 
     Number
Of
Awards
     Weighted
Average
Grant
Date Fair
Value
     Number
Of
Awards
     Weighted
Average
Grant
Date Fair
Value
 

Unvested at January 1

     669,556      $ 29.16        465,290      $ 41.47  

Granted

     315,022      $ 18.13        415,519      $ 20.57  

Vested

     (94,377    $ 40.47        (198,725    $ 39.10  

Forfeited

     (72,275    $ 37.22        (12,528    $ 43.77  
  

 

 

    

 

 

    

 

 

    

 

 

 

Unvested Total

     817,926      $ 22.90        669,556      $ 29.16