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Stock-Based Employee Compensation
6 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Employee Compensation

8. STOCK-BASED EMPLOYEE COMPENSATION

The Company recognized $0.8 million in non-cash stock-based compensation expense in each of the six-month periods ended June 30, 2016 and June 30, 2015, respectively.  During the first six months of 2016, the Company granted an aggregate of 583,882 shares of restricted stock at a fair market value of $3.518 per share under its 2005 Executive Incentive Compensation Plan, as amended and restated. The restricted shares vest in three equal installments on the first, second and third anniversaries of the grant date.  During the first six months of 2016, the Company granted 53,274 shares of restricted stock under its Non-Employee Directors’ Restricted Stock Plan, as amended, at an average fair market value of $4.505 per share.  The directors’ restricted shares vest on the date of the 2017 Annual Meeting.  The unearned compensation expense is being amortized into expense on a straight-line basis over the requisite service period for the entire award. As of June 30, 2016 and 2015, the total compensation expense not yet recognized related to all outstanding restricted stock/unit awards was $3.0 million and $2.6 million, respectively.