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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2019
STOCK-BASED COMPENSATION [Abstract]  
Summary of Stock Option Activity
A summary of activity in the Plan during the year ended December 31, 2019 is presented in the table below:

  
Number
of Shares
  
Weighted-Average
Exercise Price
  
Weighted-Average
Remaining Contractual
Life in Years
  
Aggregate
Intrinsic Value
 
Year Ended December 31, 2019
            
Outstanding at beginning of year:
  
  
$
     
$
 
Granted
  
1,691,403
   
13.23
      
12,946,412
 
Exercised
  
(187,500
)
  
10.60
      
1,926,300
 
Forfeited
  
(27,406
)
  
17.91
      
81,132
 
Expired
  
(13,500
)
  
18.70
      
29,340
 
                
Balance, December 31, 2019
  
1,462,997
  
$
13.42
   
6.11
  
$
10,909,640
 
                 
Exercisable at end of period
  
1,016,850
  
$
11.68
   
5.67
  
$
9,341,289
 
                 
Vested at end of period
  
1,016,850
  
$
11.68
   
5.67
  
$
9,341,289
 

Summary of Assumptions Used to Calculate Fair Value of Awards
A summary of assumptions used to calculate the fair values of the awards is presented below:

  
Year Ended
December 31, 2019
 
Expected volatility
 
24.88% to 31.54%
 
Expected dividend yield
  
0.70
%
Expected term (years)
 
0.5 - 7.0 years
 
Risk-free interest rate
 
1.46% to 2.63%
 
Weighted average grant date fair value
 
$
7.98
 
Summary of Activity of Restricted Stock Units
A summary of activity in the Plan during the year ended December 31, 2019 is presented in the table below:

  
Number
of Shares
  
Weighted-Average
Grant Date
Fair Value
 
Year Ended December 31, 2019
      
Outstanding at beginning of year:
  
81,200
  
$
19.46
 
Granted
  
   
 
Exercised
  
   
 
Forfeited
  
   
 
         
Balance, December 31, 2019
  
81,200
  
$
19.46