SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2017

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

SHARE-BASED COMPENSATION

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,
	2017		2016
	(In thousands)
Recognition of fair value of restricted stock units, stock options and SARs over vesting period; and issuance of stock	$	1,347	$	1,114
Contributions of stock to the Company’s 401(k) plan	—		1,466
Total share-based compensation expense	$	1,347	$	2,580

Restricted Stock Units

Unamortized compensation expense is expected to be recognized over the next three years. A summary of outstanding restricted stock units as of March 31, 2017 is as follows:

	Units		Weighted Average Grant-Date Fair Value		Unamortized Compensation Expense (In thousands)
Non-vested at December 31, 2016	700,500		$	15.91
Vested	(1,252	)	13.01
Forfeited	(2,027	)	13.65
Non-vested at March 31, 2017	697,221		$	17.12	$	4,482

Stock Options

No stock options were granted, vested, or forfeited during the three months ended March 31, 2017. A summary of stock options outstanding as of March 31, 2017 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, 2017	109,306	$	22.16	0.9	$	—	$	—

Other Plans

In May 2016, the Company discontinued matching employees’ 401k contributions with common shares and elected instead to match with cash contributions. During 2016, the Company contributed 342,353 common shares to match employees’ contributions to their 401k plans. 342,353