SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 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:

	Nine months ended September 30,
(in thousands, except per share amounts)	2020		2019
Intrinsic value of options exercised	$	—	$	52
Grant date fair value of stock options that vested	2,717		3,014

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	(526,454)	23.86
Outstanding as of September 30, 2020	941,592	32.17		5.85	—
Exercisable as of September 30, 2020	587,899	28.53		5.64	—

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	349,459
Issued	(192,270)
Forfeited/canceled	(143,118)
Outstanding as of September 30, 2020	650,217