SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Summary of the weighted average fair value of stock options granted, the total intrinsic value of stock options exercised and the fair value of options vested

The following table summarizes the total intrinsic value of stock options exercised and the grant date fair value of stock options that vested during the periods presented:

	Three months ended March 31,
(in thousands, except per share amounts)	2020		2019
Intrinsic value of options exercised	$	—	$	10
Grant date fair value of stock options that vested	1,650		2,182

Summary of the activity of the entity's stock options

The following table summarizes the activity related to our stock options:

	Number of options		Weighted average exercise price		Weighted average contractual term (in years)	Aggregate intrinsic value (in thousands)
Outstanding as of December 31, 2019	1,468,046		$	29.19	4.60	$	94
Forfeited/expired	(119,816	)	21.89
Outstanding as of March 31, 2020	1,348,230		29.84		4.68	—
Exercisable as of March 31, 2020	909,530		26.88		3.63	—

Restricted stock and restricted stock units activity

The following table summarizes the activity related to our restricted shares and restricted share units:

	Number of restricted shares and restricted share units
Outstanding as of December 31, 2019	636,146
Granted	296,101
Issued	(105,381	)
Forfeited/canceled	(76,099	)
Outstanding as of March 31, 2020	750,767