STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2015

STOCK-BASED COMPENSATION

Schedule of stock-based compensation

(in thousands)	Three months ended  September 30,				Nine months ended  September 30,
	2015		2014		2015		2014
Pre – tax cost	$	497	$	468	$	1,481	$	1,372
After tax cost	$	321	$	303	$	955	$	885

Schedule of summary of the changes in non-vested restricted shares

	Shares			Weighted  Average  Grant-Date  Fair Value
Non-vested shares at December 31, 2014		1,251,400		$	6.47
Granted		319,750			7.08
Vested		(313,800	)		5.77
Forfeited		(2,750	)		6.82
Non-vested shares at September 30, 2015		1,254,600		$	6.80