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EQUITY INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Share Based Compensation [Abstract]  
Schedule of Share-Based Compensation Stock Options Activity

The following table summarizes the Company’s stock option activity for 2013, 2014 and 2015:

 

 

 

Number

of Shares

 

 

Weighted-

Average

Exercise

Price Per

Share

 

 

Weighted-

Average

Remaining Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding, January 1, 2013

 

 

634

 

 

$

11.92

 

 

 

 

 

 

 

 

 

Granted

 

 

536

 

 

$

8.68

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1

)

 

$

0.58

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(375

)

 

$

13.70

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2013

 

 

794

 

 

$

8.91

 

 

 

 

 

 

 

 

 

Granted

 

 

179

 

 

$

14.95

 

 

 

 

 

 

 

 

 

Exercised

 

 

(32

)

 

$

9.60

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(49

)

 

$

11.16

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2014

 

 

892

 

 

$

9.97

 

 

 

 

 

 

 

 

 

Granted

 

 

194

 

 

$

19.82

 

 

 

 

 

 

 

 

 

Exercised

 

 

(335

)

 

$

9.50

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(25

)

 

$

16.54

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2015

 

 

726

 

 

$

12.60

 

 

 

4.92

 

 

$

6,563

 

Exercisable at December 31, 2015

 

 

131

 

 

$

8.56

 

 

 

4.21

 

 

$

1,709

 

Expected to vest at December 31, 2015

 

 

712

 

 

$

12.60

 

 

 

4.92

 

 

$

6,432

 

 

Schedule of Share-Based Compensation Stock Options Valuation Assumptions

The fair value of each stock option was estimated on the date of grant using the Black-Scholes option pricing model and the following weighted average assumptions:

 

 

 

2015

 

 

2014

 

 

2013

 

Expected dividend yield

 

 

3.48

%

 

 

4.58

%

 

 

7.78

%

Expected volatility

 

 

40.81

%

 

 

43.76

%

 

 

44.08

%

Risk-free interest rate

 

 

1.55

%

 

 

1.62

%

 

 

0.79

%

Expected life (in years)

 

 

4.42

 

 

 

4.75

 

 

 

4.71

 

 

Schedule of Share-Based Compensation Restricted Stock Activity

The following table summarizes the restricted stock activity for 2013, 2014 and 2015:

 

 

 

Number

of Shares

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Nonvested, January 1, 2013

 

 

830

 

 

$

13.71

 

 

 

 

 

Granted

 

 

312

 

 

$

8.84

 

 

 

 

 

Vested

 

 

(293

)

 

$

12.72

 

 

 

 

 

Forfeited

 

 

(163

)

 

$

12.64

 

 

 

 

 

Nonvested, December 31, 2013

 

 

686

 

 

$

12.17

 

 

 

 

 

Granted

 

 

116

 

 

$

14.99

 

 

 

 

 

Vested

 

 

(303

)

 

$

11.31

 

 

 

 

 

Forfeited

 

 

(77

)

 

$

12.21

 

 

 

 

 

Nonvested, December 31, 2014

 

 

422

 

 

$

13.56

 

 

 

 

 

Granted

 

 

89

 

 

$

19.72

 

 

 

 

 

Vested

 

 

(183

)

 

$

11.30

 

 

 

 

 

Forfeited

 

 

(52

)

 

$

13.51

 

 

 

 

 

Nonvested, December 31, 2015

 

 

276

 

 

$

17.05

 

 

$

5,958

 

 

Schedule of Share-Based Compensation Restricted Stock Unit Activity

The following table summarizes the restricted stock unit activity:

 

 

 

Number of Restricted

Stock Units

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Nonvested, January 1, 2013

 

 

133

 

 

$

11.76

 

 

 

 

 

Granted

 

 

162

 

 

$

8.68

 

 

 

 

 

Performance factor adjustment

 

 

(1

)

 

$

10.70

 

 

 

 

 

Vested

 

 

(34

)

 

$

17.53

 

 

 

 

 

Forfeited

 

 

(29

)

 

$

12.01

 

 

 

 

 

Nonvested, December 31, 2013

 

 

231

 

 

$

8.74

 

 

 

 

 

Granted

 

 

93

 

 

$

14.95

 

 

 

 

 

Performance factor adjustment

 

 

76

 

 

$

8.60

 

 

 

 

 

Vested

 

 

(24

)

 

$

14.72

 

 

 

 

 

Forfeited

 

 

(10

)

 

$

11.69

 

 

 

 

 

Nonvested, December 31, 2014

 

 

366

 

 

$

9.81

 

 

 

 

 

Granted

 

 

123

 

 

$

19.28

 

 

 

 

 

Performance factor adjustment

 

 

62

 

 

$

12.48

 

 

 

 

 

Vested

 

 

(237

)

 

$

8.64

 

 

 

 

 

Forfeited

 

 

(1

)

 

$

16.67

 

 

 

 

 

Nonvested, December 31, 2015

 

 

313

 

 

$

14.92

 

 

$

6,771