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EQUITY INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2016
Share Based Compensation [Abstract]  
Schedule of Share-Based Compensation, Stock Options Activity

The following table summarizes the Company’s stock option activity for 2014, 2015 and 2016:

 

 

 

Number

of Shares

 

 

Weighted-

Average

Exercise

Price Per

Share

 

 

Weighted-

Average

Remaining Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding, January 1, 2014

 

 

794

 

 

$

8.91

 

 

 

 

 

 

 

 

 

Granted

 

 

179

 

 

$

14.95

 

 

 

 

 

 

 

 

 

Exercised

 

 

(32

)

 

$

9.60

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(49

)

 

$

11.16

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2014

 

 

892

 

 

$

9.97

 

 

 

 

 

 

 

 

 

Granted

 

 

194

 

 

$

19.82

 

 

 

 

 

 

 

 

 

Exercised

 

 

(335

)

 

$

9.50

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(25

)

 

$

16.54

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2015

 

 

726

 

 

$

12.60

 

 

 

 

 

 

 

 

 

Granted

 

 

140

 

 

$

20.94

 

 

 

 

 

 

 

 

 

Exercised

 

 

(286

)

 

$

9.65

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(3

)

 

$

20.94

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2016

 

 

577

 

 

$

16.04

 

 

 

4.70

 

 

$

10,735

 

Exercisable at December 31, 2016

 

 

131

 

 

$

14.50

 

 

 

4.34

 

 

$

2,638

 

Vested and expected to vest at December 31, 2016

 

 

565

 

 

$

16.05

 

 

 

4.71

 

 

$

10,512

 

 

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:

 

 

 

2016

 

 

2015

 

 

2014

 

Expected dividend yield

 

 

3.29

%

 

 

3.48

%

 

 

4.58

%

Expected volatility

 

 

43.53

%

 

 

40.81

%

 

 

43.76

%

Risk-free interest rate

 

 

1.62

%

 

 

1.55

%

 

 

1.62

%

Expected life (in years)

 

 

4.50

 

 

 

4.42

 

 

 

4.75

 

 

Schedule of Share-Based Compensation, Restricted Stock Activity

The following table summarizes the restricted stock activity for 2014, 2015 and 2016:

 

 

 

Number

of Shares

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Nonvested, January 1, 2014

 

 

686

 

 

$

12.17

 

 

 

 

 

Granted

 

 

116

 

 

$

14.99

 

 

 

 

 

Vested

 

 

(303

)

 

$

11.31

 

 

 

 

 

Forfeited

 

 

(77

)

 

$

12.21

 

 

 

 

 

Nonvested, December 31, 2014

 

 

422

 

 

$

13.56

 

 

 

 

 

Granted

 

 

89

 

 

$

19.72

 

 

 

 

 

Vested

 

 

(183

)

 

$

11.30

 

 

 

 

 

Forfeited

 

 

(52

)

 

$

13.51

 

 

 

 

 

Nonvested, December 31, 2015

 

 

276

 

 

$

17.05

 

 

 

 

 

Granted

 

 

84

 

 

$

21.02

 

 

 

 

 

Vested

 

 

(139

)

 

$

12.40

 

 

 

 

 

Forfeited

 

 

(5

)

 

$

19.91

 

 

 

 

 

Nonvested, December 31, 2016

 

 

216

 

 

$

21.51

 

 

$

7,464

 

 

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, 2014

 

 

231

 

 

$

8.74

 

 

 

 

 

Granted

 

 

93

 

 

$

14.95

 

 

 

 

 

Performance factor adjustment

 

 

76

 

 

$

8.60

 

 

 

 

 

Vested

 

 

(24

)

 

$

14.72

 

 

 

 

 

Forfeited

 

 

(10

)

 

$

11.69

 

 

 

 

 

Nonvested, December 31, 2014

 

 

366

 

 

$

9.81

 

 

 

 

 

Granted

 

 

123

 

 

$

19.28

 

 

 

 

 

Performance factor adjustment

 

 

62

 

 

$

12.48

 

 

 

 

 

Vested

 

 

(237

)

 

$

8.64

 

 

 

 

 

Forfeited

 

 

(1

)

 

$

16.67

 

 

 

 

 

Nonvested, December 31, 2015

 

 

313

 

 

$

14.92

 

 

 

 

 

Granted

 

 

161

 

 

$

26.59

 

 

 

 

 

Vested

 

 

(190

)

 

$

12.54

 

 

 

 

 

Forfeited

 

 

(3

)

 

$

20.39

 

 

 

 

 

Nonvested, December 31, 2016

 

 

281

 

 

$

23.18

 

 

$

9,730