STOCK-BASED COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 31, 2018

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

Summary of the nonvested restricted stock awards outstanding and the assumptions used to estimate the fair value of the awards

The following table summarizes the nonvested restricted stock awards outstanding at December 31, 2018, and the assumptions used to estimate the fair value of the awards:

	Grants	Shares Outstanding	Fair Value Per Share		Expected Volatility		Risk-Free Interest Rate
Officers & Key Employees -	2016 - TSR	50,531	$	22.53	18.1	%	1.31	%
	2016 - CEGR, Time	63,747	23.52		N/A		N/A
	2017 - TSR	43,615	$	32.17	20.8	%	1.47	%
	2017 - CEGR, Time	71,796	$	33.69	N/A		N/A
	2018 - TSR	59,973	$	31.05	21.9	%	2.00	%
	2018 - CEGR, Time	122,147	$	31.23	N/A		N/A
Directors -	2018	26,416	$	31.16	N/A		N/A

Summary of the total stock-based compensation cost for the period

The following table summarizes the total stock-based compensation cost for the years ended December 31 (in thousands):

	2018			2017			2016
Officers & Key Employees	$	3,321		$	3,232		$	3,051
Directors	823			1,022			841
Total Cost	4,144			4,254			3,892
Capitalized	(386		)	(288		)	(385		)
Net Expense	$	3,758		$	3,966		$	3,507

Summary of information regarding restricted stock award activity during the period excluding accrued dividend equivalents

The following table summarizes information regarding restricted stock award activity during 2018, excluding accrued dividend equivalents:

	Officers & Other Key Employees		Directors		Weighted Average Fair Value
Nonvested Shares Outstanding, January 1, 2018	342,793		30,394		$	28.60
Granted	201,858		26,416		$	31.17
Vested	(44,902	)	(30,394	)	$	26.24
Cancelled/Forfeited	(87,940	)	—		$	28.75
Nonvested Shares Outstanding, December 31, 2018	411,809		26,416