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STOCK-BASED COMPENSATION PLANS
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS

A combined summary of activity in the Company’s stock award and stock option plans for the nine months ended September 30, 2016 is presented in the following table:
 
 
 
Non-Vested Stock Awards Outstanding
 
Stock Options Outstanding
(Shares in thousands)
 
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
 
Number of Shares
 
Weighted-Average Exercise Price
December 31, 2015
 
 
488

 
$
25.09

 
265

 
$
21.11

Granted
 
 
185

 
27.37

 

 

Stock options exercised
 
 

 

 
(10
)
 
14.98

Stock awards vested
 
 
(116
)
 
25.15

 

 

Forfeited
 
 
(63
)
 
25.39

 

 

Expired
 
 

 

 
(3
)
 
34.45

September 30, 2016
 
 
494

 
$
26.23

 
252

 
$
21.08

Exercisable options at
September 30, 2016
 
251

 
$
21.15



During the nine months ended September 30, 2016 and 2015, proceeds from stock option exercises totaled $141 thousand and $116 thousand, respectively. During the nine months ended September 30, 2016, there were 116 thousand shares issued in connection with vested stock awards. During the nine months ended September 30, 2015, there were 126 thousand shares issued in connection with vested stock awards. All of these shares were issued from available treasury stock. Stock-based compensation expense totaled $3.5 million and $3.4 million during the nine months ended September 30, 2016 and 2015, respectively. Stock-based compensation expense is recognized over the requisite service period for all awards.