STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Assumptions used in Valuation of stock options

The fair market value of stock options is estimated using the Black-Scholes valuation model using the following assumptions:

	Three Months Ended March 31, 2018
Expected volatility	36.6% - 38.5%
Expected dividend yield	0.0% - 0.66%
Risk free rate	1.32% - 2.02%
Expected term (in years)	6.0 - 6.5
Weighted average grant date fair value	$4.81
Weighted average exercise price	$12.64

Summary of stock based compensation expense

A summary of stock based compensation expense is as follows (in thousands):

	Three Months Ended   March 31,
	2018		2017
Stock Options	$	139	$	—
Restricted stock/unit awards (“RSA”)	30		41
Performance share incentives (“PSI”)	39		7
Total stock based compensation	$	208	$	48

Schedule of unrecognized compensation and the expected weighted-average recognition periods

compensation and the expected weighted-average recognition periods with respect to the outstanding Stock Options, RSAs and PSIs as of March 31, 2018 and December 31, 2017, are as follows:

	March 31, 2018						December 31, 2017
	Stock Options		RSAs		PSIs		Stock Options		RSAs		PSIs
Unrecognized compensation cost (in thousands)	$	1,067	$	305	$	317	$	1,207	$	362	$	412
Expected weighted-average recognition period for unrecognized compensation cost (in years)	2.01		2.08		2.08		2.26		1.97		2.31