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SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2017
SHAREHOLDERS' EQUITY [Abstract]  
Schedule of Share-based Compensation Arrangements



 

 

 

 

 

 



 

 

 

 

 

 



 

Three Months Ended



 

March 31,



 

2017

 

2016



 

(in thousands)

Restricted stock

 

$

667 

 

$

680 

Stock options

 

 

 —

 

 

 —

Total share-based compensation expense

 

$

667 

 

$

680 



 

 

 

 

 

 

Intrinsic value of options exercised

 

$

65 

 

$

193 

Fair value of restricted stock vested

 

$

13,499 

 

$

12,358 



Summary of Stock Option Activity



 

 

 

 

 



 

 

 

 

 



 

Number of Shares

 

Weighted Average
Option
Exercise Price

Outstanding at January 1, 2017

 

79,484 

 

$

3.70 

Granted

 

 —

 

$

 —

Exercised

 

(400)

 

$

3.59 

Cancelled

 

 —

 

$

 —

Outstanding at March 31, 2017

 

79,084 

 

$

3.70 



Summary of Restricted Stock Activity



 

 

 

 

 



 

 

 

 

 



 

Number of Shares

 

Weighted Average
Grant Date
Fair Value

Outstanding at January 1, 2017

 

337,203 

 

$

19.69 

Granted

 

96,454 

 

$

18.24 

Vested

 

(71,095)

 

$

18.99 

Cancelled

 

(1,570)

 

$

20.75 

Outstanding at March 31, 2017

 

360,992 

 

$

19.43 



Reconciliation of Changes in Accumulated Other Comprehensive Income



 

Three Months Ended March 31,



 

2017

 

2016



 

Before
Tax

 

Income
Tax

 

Net

 

Before
Tax

 

Income
Tax

 

Net



 

(in thousands)

Accumulated other comprehensive income,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

beginning  of period

 

$

3,323 

 

$

(1,199)

 

$

2,124 

 

$

6,111 

 

$

(2,247)

 

$

3,864 

Other comprehensive income before reclassifications

 

 

3,540 

 

 

(1,380)

 

 

2,160 

 

 

5,570 

 

 

(2,103)

 

 

3,467 

Reclassification adjustment for realized losses (gains) included

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 in net income

 

 

170 

 

 

(65)

 

 

105 

 

 

(1,486)

 

 

559 

 

 

(927)



 

 

3,710 

 

 

(1,445)

 

 

2,265 

 

 

4,084 

 

 

(1,544)

 

 

2,540 

Accumulated other comprehensive income, end of period

 

$

7,033 

 

$

(2,644)

 

$

4,389 

 

$

10,195 

 

$

(3,791)

 

$

6,404