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SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2017
SHAREHOLDERS' EQUITY [Abstract]  
Schedule of Share-based Compensation Arrangements



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2017

 

2016

 

2017

 

2016



 

(in thousands)

(in thousands)

Restricted stock

 

$

745 

 

$

1,953 

 

$

1,412 

 

$

2,633 

Stock options

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Total share-based compensation expense

 

$

745 

 

$

1,953 

 

$

1,412 

 

$

2,633 



 

 

 

 

 

 

 

 

 

 

 

 

Intrinsic value of options exercised

 

$

 

$

102 

 

$

 

$

122 

Fair value of restricted stock vested

 

$

155 

 

$

1,656 

 

$

1,505 

 

$

2,892 



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 June 30, 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

 

106,454 

 

$

17.95 

Vested

 

(81,095)

 

$

18.56 

Cancelled

 

(1,960)

 

$

20.39 

Outstanding at June 30, 2017

 

360,602 

 

$

19.43 



Reconciliation of Changes in Accumulated Other Comprehensive Income



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended June 30,



 

2017

 

2016



 

Before
Tax

 

Income
Tax

 

Net

 

Before
Tax

 

Income
Tax

 

Net



 

(in thousands)

Accumulated other comprehensive income,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

beginning  of period

 

$

7,033 

 

$

(2,644)

 

$

4,389 

 

$

10,195 

 

$

(3,791)

 

$

6,404 

Other comprehensive income before reclassifications

 

 

3,862 

 

 

(1,543)

 

 

2,319 

 

 

5,013 

 

 

(1,808)

 

 

3,205 

Reclassification adjustment for realized (gains) losses included

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 in net income

 

 

(2,648)

 

 

1,023 

 

 

(1,625)

 

 

(7)

 

 

 

 

(4)



 

 

1,214 

 

 

(520)

 

 

694 

 

 

5,006 

 

 

(1,805)

 

 

3,201 

Accumulated other comprehensive income, end of period

 

$

8,247 

 

$

(3,164)

 

$

5,083 

 

$

15,201 

 

$

(5,596)

 

$

9,605 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Six Months Ended June 30,



 

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

 

 

7,467 

 

 

(2,947)

 

 

4,520 

 

 

10,024 

 

 

(3,710)

 

 

6,314 

Reclassification adjustment for realized (gains) losses included

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 in net income

 

 

(2,543)

 

 

982 

 

 

(1,561)

 

 

(934)

 

 

361 

 

 

(573)



 

 

4,924 

 

 

(1,965)

 

 

2,959 

 

 

9,090 

 

 

(3,349)

 

 

5,741 

Accumulated other comprehensive income, end of period

 

$

8,247 

 

$

(3,164)

 

$

5,083 

 

$

15,201 

 

$

(5,596)

 

$

9,605