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STOCK COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2013
STOCK COMPENSATION PLANS  
Summary of restricted stock transactions

 

 

 
   Number of
Shares		   Weighted
Average
Grant Date
Fair Value
(Per Share)		  

Unvested restricted stock, December 31, 2010

     1,230,582   $ 35.86  

Granted

     692,900     20.50  

Shares issued by the Company upon vesting

     (203,174 )   30.13  

Forfeited

     (44,578 )   23.56  
             
​ ​ ​ ​ ​ ​ ​ ​

Unvested restricted stock, December 31, 2011

     1,675,730     30.53  

Granted

     226,400     23.77  

Shares issued by the Company upon vesting

     (195,871 )   21.69  

Forfeited

     (7,978 )   22.31  
             
​ ​ ​ ​ ​ ​ ​ ​

Unvested restricted stock, December 31, 2012

     1,698,281     30.68  

Granted

     673,900     29.06  

Shares issued by the Company upon vesting

     (819,461 )   24.84  

Forfeited

     (336,196 )   48.92  
             
​ ​ ​ ​ ​ ​ ​ ​

Unvested restricted stock, December 31, 2013

     1,216,524   $ 28.69  
             
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
             
Summary of information about outstanding time-based and performance-based restricted stock awards

 

 

 
   December 31, 2013  
 
   Number
of Shares
Outstanding		   Weighted
Average
Grant Date
Fair Value
(Per Share)		   Weighted
Average
Fair Value(1)
(In thousands)		   Weighted
Average
Remaining
Contractual
Life (Years)		  

Time-based restricted stock granted in:

                          

2010

     56,884   $ 19.79   $ 2,402     0.2  

2011

     190,716   $ 20.30     8,052     1.4  

2012

     213,050   $ 23.74     8,995     1.3  

2013

     148,424   $ 29.87     6,266     2.3  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding time-based restricted stock awards

     609,074           25,715     1.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Performance-based restricted stock granted in:

                          

2007

     205,000   $ 54.92     8,655     3.1  

2011

     291,759   $ 20.46     12,318     2.2  

2013

     110,691   $ 28.74     4,673     3.5  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding performance-based restricted stock awards

     607,450           25,646     2.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total outstanding restricted stock awards

     1,216,524         $ 51,361     2.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
(1)
Determined using the $42.22 closing price of PacWest common stock on December 31, 2013.