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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity under Plan

A summary of stock option activity under the 2009 Plan during the year ended December 31, 2014 is as follows (amounts in table represent actual values except where indicated otherwise):

 

  Number
of
Options
  Wgtd.
Avg.
Exercise
Price
  Wgtd.
Avg.
Term
  Aggregate
Intrinsic
Value
(in thousands)
 

Options outstanding, beginning of period

  331,174        $39.37     

Granted

  -        -     

Exercised

  (250)        46.20     

Forfeited

  -        -     

Expired

  (125,950)        48.21     
  

 

 

          

Options outstanding, end of period

  204,974        33.94        2.4 years        $531     
  

 

 

          

Options exercisable, end of period

  204,974        33.94        2.4 years        531     
  

 

 

          

Options unvested, end of period

  -        -        -        -     
  

 

 

          

Exercise prices for stock options outstanding at December 31, 2014 range from $6.97 to $53.20.

A summary of stock option activity under the 2009 Plan during the year ended December 31, 2013 is as follows (amounts in table represent actual values except where indicated otherwise):

 

  Number
of
Options
  Wgtd.
Avg.
Exercise
Price
  Wgtd.
Avg.
Term
  Aggregate
Intrinsic
Value
(in thousands)
 

Options outstanding, beginning of period

  411,794        $39.04     

Granted

  -        -     

Exercised

  -        -     

Forfeited

  (15,250)        42.45     

Expired

  (65,370)        36.56     
  

 

 

          

Options outstanding, end of period

  331,174        39.37        2.2 years        $1,708     
  

 

 

          

Options exercisable, end of period

  318,279        40.62        2.1 years        1,373     
  

 

 

          

Options unvested, end of period

  12,895        8.64        5.0 years        335     
  

 

 

          

 

A summary of stock option activity under the 2009 Plan during the year ended December 31, 2012 is as follows (amounts in table represent actual values except where indicated otherwise):

 


  Number
of
Options
  Wgtd.
Avg.
Exercise
Price
  Wgtd.
Avg.
Term
  Aggregate
Intrinsic
Value
(in thousands)
 

Options outstanding, beginning of period

  438,394        $38.76     

Granted

  -        -     

Exercised

  -        -     

Forfeited

  (4,200)        35.54     

Expired

  (22,400)        34.25     
  

 

 

          

Options outstanding, end of period

  411,794        39.04        2.8 years        $766     
  

 

 

          

Options exercisable, end of period

  378,004        41.00        2.5 years        459     
  

 

 

          

Options unvested, end of period

  33,790        17.17        5.4 years        307     
  

 

 

          
Summary of Restricted Stock Activity Under Plan

A summary of the restricted stock activity under the 2009 Plan for the years ended December 31, 2014, 2013 and 2012 is as follows (amounts in table represent actual values):

 


     2014      2013      2012  
     Number of
Restricted
Shares
     Wgtd.
Avg.
Fair Value
Per Share
     Number of
Restricted
Shares
     Wgtd.
Avg.
Fair Value
Per Share
     Number of
Restricted
Shares
     Wgtd.
Avg.

Fair Value
Per Share
 

Restricted stock outstanding, beginning of period

     1,258,053           $23.92           1,108,874           $27.56           923,740           $20.08     

Issuances

     674,904           36.44           848,498           20.61           670,818           31.43     

Lapse of restrictions

     (598,796)           24.57           (534,041)           25.45           (462,141)           18.29     

Forfeitures

     (31,055)           30.19           (165,278)           26.43           (23,543)           26.10     
  

 

 

       

 

 

       

 

 

    

Restricted stock outstanding, end of period

      1,303,106        $29.95            1,258,053        $23.92            1,108,874        $27.56