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SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

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

Compensation cost arising from share-based arrangements

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
	(In thousands)
Recognition of fair value of restricted stock units, stock options and SARs over vesting period; and issuance of stock	$	334	$	728	$	2,450	$	2,239
Contributions of stock to the Company's 401(k) plan	677		95		1,006		2,355
Total share-based compensation expense	$	1,011	$	823	$	3,456	$	4,594

Summary of Restricted Stock Unit activity

A summary of restricted stock award activity for the nine months ended September 30, 2014 is as follows:



	Units		Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense (In thousands)
Non-vested at December 31, 2013	588,727		$	9.37
Granted	178,031		30.53
Vested	(263,864	)	11.37
Forfeited	(91,331	)	6.55
Non-vested at September 30, 2014	411,563		$	15.29	$	4,022	⁽¹⁾

____________________


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

Summary of Stock Option Activity

A summary of stock option activity for the nine months ended September 30, 2014 is as follows:



	Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (In years)	Aggregate Intrinsic Value (In thousands)		Unamortized Compensation Expense (In thousands)
Outstanding at December 31, 2013	145,806		$	21.97
Exercised	(19,500	)	$	21.40
Expired	—		$	—
Outstanding and exercisable at September 30, 2014	126,306		$	22.06	3.5	$	1,939	$	—

Summary of Stock Appreciation Rights

A summary of SARs activity for the nine months ended September 30, 2014 is as follows:



	SARs		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (In years)	Aggregate Intrinsic Value (In thousands)		Unamortized Compensation Expense (In thousands)
Outstanding at December 31, 2013	70,734		$	22.60
Exercised	(40,891	)	$	21.42
Expired	—		$	—
Outstanding and exercisable at September 30, 2014	29,843		$	24.22	1.4	$	393	$	—

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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