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SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
	2015		2014
	(In thousands)
Recognition of fair value of restricted stock units, stock options and SARs over vesting period; and issuance of stock	$	663	$	728
Contributions of stock to the Company’s 401(k) plan	859		—
Total share-based compensation expense	$	1,522	$	728

Summary of Restricted Stock Unit activity

A summary of restricted stock award activity for the three months ended March 31, 2015 is as follows:



	Units		Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense (In thousands)
Non-vested at December 31, 2014	409,362		$	13.87
Vested	(9,639	)	9.49
Forfeited	(3,610	)	30.76
Non-vested at March 31, 2015	396,113		$	15.41	$	2,516	⁽¹⁾

____________________


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

Summary of Stock Option Activity

A summary of stock option activity for the three months ended March 31, 2015 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, 2014	110,806	$	22.15
Expired	—	—
Outstanding and exercisable at March 31, 2015	110,806	$	22.15	2.9	$	510	$	—

Summary of Stock Appreciation Rights

A summary of SARs activity for the three months ended March 31, 2015 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, 2014	16,943	$	25.44
Expired	—	—
Outstanding and exercisable at March 31, 2015	16,943	$	25.44	1.1	$	22	$	—

- 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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