STOCK COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the nine months ended September 30, 2020 is as follows:

	Options		Weighted- average exercise price		Weighted- average remaining contractual life (years)	Aggregate intrinsic value (in thousands)
Options outstanding, January 1, 2020	1,508,325		$	13.43
Grants	37,500		6.36
Cancellations	(12,313)		11.86
Expirations	(232,737)		13.18
Options outstanding, September 30, 2020	1,300,775		13.28		5.0	$	179
Options exercisable, September 30, 2020	995,982		$	14.27	3.9	$	22
Total unrecognized stock option expense remaining (in thousands)	$	731
Weighted-average years expected to be recognized over	1.3

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity and related information for the nine months ended September 30, 2020 is as follows:

	Restricted Shares		Weighted- average grant date fair value
Non-vested restricted shares, January 1, 2020	593,341		$	10.70
Grants	534,940		5.94
Vested	(289,034)		10.81
Cancellations	(6,295)		9.37
Non-vested restricted shares, September 30, 2020	832,952		$	7.61
Total unrecognized compensation expense remaining (in thousands)	$	4,469
Weighted-average years expected to be recognized over	1.3

Summary of Performance-based Award Activity

A summary of the Company’s performance-based award activity and related information for the nine months ended September 30, 2020 is as follows:

	Performance- based stock awards (1)		Weighted- average grant date fair value
Non-vested performance-based awards, January 1, 2020	405,059		$	12.43
Grants	106,275		6.36
Vested	(62,215)		18.45
Cancellations	(15,274)		16.92
Non-vested performance-based awards, September 30, 2020	433,845		$	9.92
Total unrecognized compensation expense remaining (in thousands)	$	1,469
Weighted-average years expected to be recognized over	1.5

(1)Represents the target number of shares to be issued for each performance-based award.

Summary of Stock Compensation Expense

The Company recorded stock compensation expense as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Stock Compensation Expense Components	2020		2019		2020		2019
Equity based stock option expense	$	143	$	206	$	428	$	454
Restricted and performance-based stock awards expense	1,427		1,292		3,877		3,130
Stock compensation expense for equity based awards	$	1,570	$	1,498	$	4,305	$	3,584
Liability based stock option expense	5		7		16		21
Total Stock Compensation Expense	$	1,575	$	1,505	$	4,321	$	3,605