SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2013

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

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

The Company recognized compensation expense from share-based arrangements shown in the following table:

	Three Months Ended March 31,
	2013		2012
	(In thousands)
Recognition of fair value of restricted stock units, stock options and SARs over vesting period; and issuance of stock	$	1,663	$	744
Contributions of stock to the Company’s 401(k) plan	723		1,158
Total share-based compensation expense	$	2,386	$	1,902

Restricted Stock Units

A summary of restricted stock award activity for three months ended March 31, 2013 is as follows:

	Units	Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense (In thousands)
Non-vested at December 31, 2012	680,173	$	8.88
Non-vested at March 31, 2013	680,173	$	8.88	$	3,378	(1)

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(1) Expected to be recognized over the next three years.

In April 2013, 54,730 restricted stock units were granted, of which 27,366 units will vest ratably over a three-year period. The remaining 27,364 units are performance-based, which will vest and pay out at the end of a three-year period if performance goals are met.

Stock Options and Stock Appreciation Rights (SARs)

No activity occurred with stock options or SARs during the three months ended March 31, 2013.