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EQUITY INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2014
Equity Instruments [Abstract]  
Schedule of Share-Based Compensation Stock Options Activity

The following table summarizes the Company’s stock option activity for 2012, 2013 and 2014:

 

     Number
of Shares
    Weighted-
Average
Exercise
Price Per
Share
     Weighted-
Average
Remaining
Contractual
Life (years)
     Aggregate
Intrinsic Value
 

Outstanding, January 1, 2012

     336      $ 14.43         

Granted

     305      $ 8.92         

Exercised

     (7   $ 1.46         
  

 

 

         

Outstanding, December 31, 2012

     634      $ 11.92         

Granted

     536      $ 8.68         

Exercised

     (1   $ 0.58         

Forfeited/expired

     (375   $ 13.70         
  

 

 

         

Outstanding, December 31, 2013

     794      $ 8.91         

Granted

     179      $ 14.95         

Exercised

     (32   $ 9.60         

Forfeited/expired

     (49   $ 11.16         
  

 

 

         

Outstanding, December 31, 2014

     892      $ 9.97         5.23       $ 8,625   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2014

     248      $ 9.36         4.78       $ 2,610   
  

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest at December 31, 2014

     874      $ 9.96         5.23       $ 8,465  
Schedule of Share-Based Compensation Stock Options Valuation Assumptions

The fair value of each stock option was estimated on the date of grant using the Black-Scholes option pricing model and the following weighted average assumptions:

 

     2014     2013     2012  

Expected dividend yield

     4.58     7.78     8.02

Expected volatility

     43.76     44.08     49.82

Risk-free interest rate

     1.62     0.79     0.72

Expected life (in years)

     4.75        4.71        4.75   
Schedule of Share-Based Compensation Restricted Stock Activity The following table summarizes the restricted stock activity for 2012, 2013 and 2014:

 

     Number
of Shares
     Weighted-
Average
Grant-Date
Fair Value
     Aggregate
Intrinsic
Value
 

Nonvested, January 1, 2012

     863       $ 16.43      

Granted

     510       $ 10.50      

Vested

     (497    $ 15.25      

Forfeited

     (46    $ 12.49      
  

 

 

       

Nonvested, December 31, 2012

     830       $ 13.71      

Granted

     312       $ 8.84      

Vested

     (293    $ 12.72      

Forfeited

     (163    $ 12.64      
  

 

 

       

Nonvested, December 31, 2013

     686       $ 12.17      

Granted

     116       $ 14.99      

Vested

     (303    $ 11.31      

Forfeited

     (77    $ 12.21      
  

 

 

       

Nonvested, December 31, 2014

     422       $ 13.56       $ 8,248   
  

 

 

    

 

 

    

 

 

Schedule of Fair Value of Market-Based Restricted Stock Units

The fair value of the market-based restricted stock units utilized the following inputs and assumptions:

 

     2 Years     3 Years     3.1 Years  

Closing stock price on grant date

   $ 11.23      $ 11.23      $ 7.31   

Performance period starting price

   $ 12.78      $ 12.78      $ 8.17   

Term of award (in years)

     2        3        3.1   

Volatility

     50.99     51.66     48.29

Risk-free interest rate

     0.30     0.47     0.34

Expected dividend yield

     6.05     6.05     9.15

Fair value

   $ 10.70      $ 12.34      $ 7.40   
Schedule of Share-Based Compensation Restricted Stock Unit Activity

The following table summarizes the restricted stock unit activity:

 

     Number of
Restricted
Stock Units
     Weighted-
Average
Grant-Date
Fair Value
     Aggregate
Intrinsic
Value
 

Nonvested, January 1, 2012

     36       $ 17.53      

Granted

     146       $ 8.82      

Performance factor adjustment

     (47    $ 6.68      

Forfeited

     (2    $ 17.53      
  

 

 

       

Nonvested, December 31, 2012

     133       $ 11.76      

Granted

     162       $ 8.68      

Performance factor adjustment

     (1    $ 10.70      

Vested

     (34    $ 17.53      

Forfeited

     (29    $ 12.01      
  

 

 

       

Nonvested, December 31, 2013

     231       $ 8.74      

Granted

     93       $ 14.95      

Performance factor adjustment

     76       $ 8.60      

Vested

     (24    $ 14.72      

Forfeited

     (11    $ 11.69      
  

 

 

       

Nonvested, December 31, 2014

     366       $ 9.81       $ 7,150