SHAARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

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

Compensation cost arising from share-based arrangements

Compensation cost arising from share-based arrangements is shown in the following table:

	Years Ended December 31,
	2016		2015		2014
	(In thousands)
Recognition of fair value of restricted stock units, stock options and SARs over vesting period; and issuance of stock	$	5,392	$	4,019	$	4,318
Contributions of stock to the Company’s 401(k) plan	2,192		3,729		1,764
Total share-based compensation expense	$	7,584	$	7,748	$	6,082

Summary of Restricted Stock Unit activity

A summary of restricted stock award activity for the year ended December 31, 2016 is as follows:

	Units		Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense (In thousands) (1)
Non-vested at December 31, 2015	354,311		$	28.44
Granted	507,885		8.85
Vested	(93,852	)	26.48
Forfeited	(67,844	)	13.91
Non-vested at December 31, 2016	700,500		$	15.91	$	4,980

____________________ 

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

Additional information related to restricted stock units:

Years Ended December 31:	Weighted Average Grant-Date Fair Value		Total Grant- Date Fair Value of Restricted Stock Units that Vested (In thousands)
2016	$	8.85	$	2,485
2015	28.26		2,884
2014	30.67		3,536

Summary of Stock Option activity

Information with respect to stock option activity for the year ended December 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 December 31, 2015	109,306	$	22.16
Expired	—
Outstanding and exercisable at December 31, 2016	109,306	$	22.16	1.2	$	—	$	—

Additional information related to stock options:

Years Ended December 31:	Intrinsic Value of Stock Options Exercised
2016	$	—
2015	—
2014	11.81