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EQUITY COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Valuation Assumptions of Options Granted
The fair value of each option granted was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
For the Year Ended December 31,
202020192018
Risk-free interest rate1.0 %1.7 %2.7 %
Expected life5.2 years5.3 years5.5 years
Expected volatility43 %37 %34 %
Expected dividend yield— %— %— %
Schedule of Outstanding and Exercisable Options
The following is a summary of outstanding and exercisable options:
For the Year Ended December 31,
In thousands, except per share amounts 202020192018
Outstanding OptionsSharesWeighted-Average Exercise PriceSharesWeighted-Average Exercise PriceSharesWeighted-Average Exercise Price
Outstanding at beginning of period683$27.15 623$30.14 433$33.37 
Granted18017.37 24219.35 24621.49 
Exercised(102)21.24 (40)11.47 (54)16.48 
Forfeited or Expired(273)32.09 (142)31.36 (2)36.08 
Outstanding at end of period488$22.03 683$27.15 623$30.14 
Exercisable179$27.35 318$33.01 254$29.36 
Unvested309$18.94 365$22.04 369$30.68 
Schedule of Unvested Restricted Shares The following is a summary of the Company’s unvested time-based restricted shares:
For the Year Ended December 31,
In thousands, except per share amounts202020192018
Outstanding Time-Restricted SharesSharesWeighted-Average Grant-Date Fair ValueSharesWeighted-Average Grant-Date Fair ValueSharesWeighted-Average Grant-Date Fair Value
Unvested at the beginning of the period159 $24.33 114 $37.67 80 $48.65 
  Granted84 17.92 98 20.99 73 26.52 
  Vested (37)31.00 (23)56.45 (31)36.45 
  Forfeited or Expired(29)23.09 (30)39.58 (8)50.56 
Unvested at the end of the period177 $20.11 159 $24.33 114 $37.67 
The following is a summary of all of the Company’s unvested performance-restricted shares:

For the Year Ended December 31,
In thousands, except per share amounts202020192018
Outstanding Performance-Restricted SharesSharesWeighted-Average Grant-Date Fair ValueSharesWeighted-Average Grant-Date Fair ValueSharesWeighted-Average Grant-Date Fair Value
Unvested at the beginning of the period129 $28.36 190 $36.63 139 $42.53 
  Granted70 19.05 60 20.90 99 24.22 
  Vested — — — — (48)27.96 
  Forfeited or Expired(57)33.47 (121)37.71 — — 
Unvested at the end of the period142 $21.67 129 $28.36 190 $36.63 
Schedule of Valuation Assumptions of Restricted Shares
The fair values of each performance-restricted share award that contains a market condition were estimated on the date of grant using a Monte Carlo simulation with the following weighted-average assumptions:

For the Year Ended December 31,
202020192018
Performance period1/1/20-12/31/221/1/20-12/31/221/1/19 - 12/31/21
Compounded risk-free interest rate0.9 %1.5 %2.7 %
Lookback term2.7 years3.2 years3.1 years
Historical volatility51 %42 %35 %
Peer groupS&P 600 Industrials IndexS&P 600 Industrials IndexS&P 600 Industrials Index
Expected dividend yield— %— %— %
These performance-restricted awards vest according to the Company's relative Total Shareholder Return ("rTSR") performance as compared to the peer group over the performance period, according to the following table, where rTSR is calculated as ending stock price less beginning stock price, plus reinvested dividends, divided by beginning stock price:

Performance LevelPercentile RankingVesting Percentage of Award
Maximum75th Percentile or Higher150%
Target50th Percentile100%
Threshold25th Percentile50%
Below ThresholdBelow the 25th Percentile—%