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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2016
SHAREHOLDERS' EQUITY [Abstract]  
Schedule of Share-based Compensation Arrangements



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Year Ended



 

December 31,



 

2016

 

2015

 

2014



 

(in thousands)

Restricted stock

 

$

3,831 

 

$

2,930 

 

$

1,525 

Stock options

 

 

 —

 

 

33 

 

 

135 

Total share-based compensation expense

 

$

3,831 

 

$

2,963 

 

$

1,660 



 

 

 

 

 

 

 

 

 

Intrinsic value of options exercised

 

$

13,732 

 

$

1,124 

 

$

5,172 

Fair value of restricted stock vested

 

$

41,495 

 

$

2,303 

 

$

549 



Summary of Stock Option Activity



 

 

 

 

 



 

 

 

 

 



 

Number of Shares

 

Weighted Average
Option
Exercise Price

Outstanding at January 1, 2014

 

526,521 

 

$

4.56 

Granted

 

 —

 

$

 —

Exercised

 

(302,735)

 

$

5.13 

Cancelled

 

(4,501)

 

$

3.49 

Outstanding at December 31, 2014

 

219,285 

 

$

3.79 

Granted

 

 —

 

$

 —

Exercised

 

(44,652)

 

$

3.81 

Cancelled

 

 —

 

$

 —

Outstanding at December 31, 2015

 

174,633 

 

$

3.79 

Granted

 

 —

 

$

 —

Exercised

 

(94,249)

 

$

3.85 

Cancelled

 

(900)

 

$

4.40 

Outstanding at December 31, 2016

 

79,484 

 

$

3.70 



Summary Information about Stock Options Outstanding and Exercisable



 

 

 

 

 

 

 

 



 

Options Outstanding and Exercisable



 

 

 

Weighted Average

 

 

 

 



 

 

 

Remaining

 

 

 

 



 

Shares Outstanding

 

Contractual Life

 

Weighted Average

 

Aggregate

Range of Exercise Price

 

and Exercisable

 

(years)

 

Exercise Price

 

Intrinsic Value

$2.45 - $4.40

 

79,484

 

4.87

 

3.70

 

1,191,218



Summary of Restricted Stock Activity



 

 

 

 

 



 

 

 

 

 



 

Number of Shares

 

Weighted Average

Grant Date

Fair Value

Outstanding at January 1, 2014

 

249,500 

 

$

8.24 

Granted

 

268,648 

 

$

22.50 

Vested

 

(68,988)

 

$

7.96 

Cancelled

 

(1,359)

 

$

8.29 

Outstanding at December 31, 2014

 

447,801 

 

$

16.84 

Granted

 

116,140 

 

$

27.53 

Vested

 

(145,134)

 

$

15.87 

Cancelled

 

 —

 

$

 —

Outstanding at December 31, 2015

 

418,807 

 

$

20.14 

Granted

 

128,472 

 

$

19.16 

Vested

 

(204,916)

 

$

20.25 

Cancelled

 

(5,160)

 

$

20.58 

Outstanding at December 31, 2016

 

337,203 

 

$

19.69 



Reconciliation of Changes in Accumulated Other Comprehensive Income







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Year Ended December 31,



 

2016

 

2015



 

Before
Tax

 

Income
Tax

 

Net

 

Before
Tax

 

Income
Tax

 

Net



 

(in thousands)

Accumulated other comprehensive income,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

beginning  of period

 

$

6,111 

 

$

(2,247)

 

$

3,864 

 

$

12,419 

 

$

(4,701)

 

$

7,718 

Other comprehensive income before reclassifications

 

 

1,774 

 

 

(470)

 

 

1,305 

 

 

(324)

 

 

86 

 

 

(238)

Reclassification adjustment for realized gains included

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 in net (loss) income

 

 

(4,560)

 

 

1,515 

 

 

(3,045)

 

 

(5,984)

 

 

2,368 

 

 

(3,616)



 

 

(2,786)

 

 

1,046 

 

 

(1,740)

 

 

(6,308)

 

 

2,454 

 

 

(3,854)

Accumulated other comprehensive income, end of period

 

$

3,323 

 

$

(1,199)

 

$

2,124 

 

$

6,111 

 

$

(2,247)

 

$

3,864