SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2016

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

12. SHARE-BASED COMPENSATION

The Company grants employees and non-employee directors restricted stock units. The Company recognized compensation expense from share-based arrangements shown in the following table:



	Three Months Ended March 31,
	2016		2015
	(In thousands)
Recognition of fair value of restricted stock units, stock options and SARs over vesting period; and issuance of stock	$	1,112	$	663
Contributions of stock to the Company’s 401(k) plan	1,466		859
Total share-based compensation expense	$	2,578	$	1,522

Restricted Stock Units

No restricted stock units were granted, vested, or forfeited during the three months ended March 31, 2016. Unamortized compensation expense is expected to be recognized over the next three years. A summary of outstanding restricted stock units as of March 31, 2016 is as follows:



	Units	Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense (In thousands)
Non-vested at March 31, 2016	354,311	$	28.44	$	5,516

Stock Options

No stock options granted, vested, or forfeited during the three months ended March 31, 2016. A summary of stock options outstanding as of March 31, 2016 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 March 31, 2016	109,306	$	22.16	1.9	—	—

SARs

There were no SARs granted during the three months ended March 31, 2016. A summary of SARs activity for the three months ended March 31, 2016 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, 2015	16,943		$	25.44
Expired	(3,733	)	$	23.99
Outstanding and exercisable at March 31, 2016	13,210		$	25.85	0.2	$	—	$	—