STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quantity and vesting conditions for shares of restricted stock granted

A summary of the quantity and vesting conditions for stock-based units granted to the Company's employees for the year ended December 31, 2018 was as follows:

Vesting conditions	Number of Restricted Stock Units Granted
Performance and service conditions (1) (2)	220,000
Performance and service conditions (1) (3)	207,353
Total shares of stock award granted	427,353

(1) The performance conditions with respect to restricted stock units may be satisfied as follows: 

(a) For employees from the Americas, Asia Pacific, and Europe 70% of the restricted stock units may be earned on the basis of performance as measured by a "regional adjusted EBITDA," and 30% of the restricted stock units may be earned on the basis of performance as measured by a "group adjusted EBITDA"; and

(b) For employees from the Corporate office 50% of the restricted stock units may be earned on the basis of performance as measured by a "group adjusted EBITDA," and 50% of the restricted stock units may be earned on the basis of performance as measured by a "corporate costs" target.

(2) To the extent restricted stock units are earned on the basis of performance, such restricted stock units will vest on the basis of service as follows:

(a) 33% of the restricted stock units will vest on the first anniversary of the grant date;

(b) 33% of the restricted stock units will vest on the second anniversary of the grant date; and

(c) 34% of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.

(3) To the extent restricted stock units are earned on the basis of performance, such restricted stock units will vest on the basis of service as follows:

(a) 66.6% of the restricted stock units will vest on the latter of the first anniversary of the last day of the performance period or upon ceasing service to the Company;

(b) 16.7% of the restricted stock units will vest on the latter of the second anniversary of the last day of the performance period or upon ceasing service to the Company;

(c) 16.7% of the restricted stock units will vest on the latter of the third anniversary of the last day of the performance period or upon ceasing service to the Company; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.

Schedule of stock-based compensation expense

For the years ended December 31,2018 and 2017, the Company’s stock-based compensation expense related to restricted stock units, which are included in the accompanying Consolidated Statements of Operations, were as follows: 

	For The Year Ended December 31,
	2018		2017
Restricted stock units	$	1,539	$	1,293
Tax benefits recognized in jurisdictions where the Company has taxable income	$	15	$	69

Schedule of unrecognized compensation cost, nonvested awards

As of December 31, 2018 and 2017, unrecognized compensation expense and weighted average period over which the compensation expense is expected to be recognized relating to the unvested portion of the Company's restricted stock unit awards, based on the Company's historical valuation treatment, were as follows: 

	As of December 31,
	2018			2017
	Unrecognized Expense		Weighted Average Period in Years	Unrecognized Expense		Weighted Average Period in Years
Restricted stock units	$	294	1.69	$	677	1.55

Changes in stock options

Changes in the Company’s stock options for the years ended December 31, 2018 and 2017 were as follows: 

	For The Year Ended December 31,
	2018				2017
	Number of Options		Weighted Average Exercise Price per Share		Number of Options		Weighted Average Exercise Price per Share
Options outstanding at January 1,	100,000		$	3.86	123,500		$	6.16
Expired/forfeited	(50,000	)	5.22		(23,500	)	15.97
Options outstanding at December 31,	50,000		$	2.49	100,000		$	3.86
Options exercisable at December 31,	50,000		$	2.49	100,000		$	3.86

Weighted average remaining contractual term and Instrinsic value of stock options

The weighted average remaining contractual term and the aggregated intrinsic value for stock options outstanding and exercisable as of December 31, 2018 and 2017 were as follows:

	As of December 31,
	2018			2017
	Remaining Contractual Term in Years	Aggregated Intrinsic Value		Remaining Contractual Term in Years	Aggregated Intrinsic Value
Stock options outstanding	1.85	$	—	1.85	$	—
Stock options exercisable	1.85	$	—	1.85	$	—

Changes in restricted stock units

The total fair value of restricted stock units vested during the years ended December 31, 2018 and 2017 were as follows:

	For The Year Ended December 31,
	2018		2017
Fair value of restricted stock units vested	$	2,792	$	595

Restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Disclosure of share based compensation arrangements other than options fair value vested

Changes in the Company’s restricted stock units arising from grants to certain employees and non-employee directors for the years ended December 31, 2018 and 2017 were as follows:

	For The Year Ended December 31,
	2018				2017
	Number of Shares of Restricted Stock Units		Weighted Average Grant-Date Fair Value		Number of Shares of Restricted Stock Units		Weighted Average Grant-Date Fair Value
Unvested restricted stock units at January 1,	1,088,933		$	1.16	480,000		$	2.79
Granted	717,596		1.73		1,404,128		1.09
Shares earned above target (a)	244,855		1.00		—		—
Vested	(1,465,640	)	1.25		(462,855	)	1.47
Forfeited	(8,019	)	1.00		(332,340	)	2.79
Unvested restricted stock units at December 31,	577,725		$	1.57	1,088,933		$	1.16

(a) The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date.