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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation, restricted stock quantity and vesting conditions
A summary of the quantity and vesting conditions for stock-based units granted to the Company's employees for the three months ended March 31, 2016 was as follows:
Vesting conditions
 
Number of Restricted Stock Units Granted
Performance and service conditions (1) (2)
 
500,000

(1)
The performance conditions with respect to restricted stock units may be satisfied as follows: 
(a)
For employees from the Americas, Asia Pacific and Europe 80% of the restricted stock units may be earned on the basis of performance as measured by a "regional adjusted EBITDA," and 20% of the restricted stock units may be earned on the basis of performance as measured by a "group adjusted EBITDA"; and
(b)
For employees from the Corporate office 100% of the restricted stock units may be earned on the basis of performance as measured by a "group adjusted EBITDA."
(2)
To the extent restricted stock units are earned on the basis of performance, such restricted stock units will vest on the basis of service as follows:
(a)
One-third of the restricted stock units will vest on the first anniversary of the grant date;
(b)
One-third of the restricted stock units will vest on the second anniversary of the grant date; and
(c)
One-third of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.
Schedule of stock-based compensation expense
For the three months ended March 31, 2016 and 2015, the Company’s stock-based compensation expense related to stock options, restricted stock and restricted stock units were as follows:
 
 
Three Months Ended
 
 
March 31,
 
 
2016
 
2015
Stock options
 
$
5

 
$

Restricted stock
 
240

 
385

Restricted stock units
 
127

 
148

Total
 
$
372

 
$
533

Changes in stock options
Changes in the Company’s stock options for the three months ended March 31, 2016 and 2015 were as follows: 

 
Three Months Ended March 31,
 
2016
 
2015
 
Number of
Options
 
Weighted
Average
Exercise Price
per Share
 
Number of
Options
 
Weighted
Average
Exercise Price
per Share
Options outstanding at January 1,
206,000

 
$
8.13

 
756,800

 
$
8.78

Expired/forfeited
(16,000
)
 
15.86

 
(109,000
)
 
13.25

Options outstanding at March 31,
190,000

 
$
7.48

 
647,800

 
$
8.03

Options exercisable at March 31,
165,000

 
$
8.24

 
647,800

 
$
8.03

Changes in restricted stock
Changes in the Company’s restricted stock for the three months ended March 31, 2016 and 2015 were as follows:
 
 
Three Months Ended March 31,
 
2016
 
2015
 
Number of
Shares of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
 
Number of
Shares of
Restricted
Stock
 
Weighted
Average
Grant Date
Fair Value
Unvested restricted stock at January 1,
680,000

 
$
1.60

 
803,999

 
$
3.00

Granted

 

 
590,100

 
2.84

Vested

 

 
(132,775
)
 
3.50

Forfeited

 

 
(171,622
)
 
3.17

Unvested restricted stock at March 31,
680,000

 
$
1.60

 
1,089,702

 
$
2.82

Changes in restricted stock units
Changes in the Company’s restricted stock units for the three months ended March 31, 2016 and 2015 were as follows:
 
Three Months Ended March 31,
 
2016
 
2015
 
Number of
Restricted
Stock Units
 
Weighted
Average
Grant-Date
Fair Value
 
Number of
Restricted
Stock Units
 
Weighted
Average
Grant-Date
Fair Value
Unvested restricted stock units at January 1,

 
$

 
119,940

 
$
3.57

Granted
530,687

 
2.79

 
144,664

 
2.84

Vested
(30,687
)
 
2.73

 
(56,310
)
 
2.95

Forfeited

 

 
(42,500
)
 
3.21

Unvested restricted stock units at March 31,
500,000

 
$
2.79

 
165,794

 
$
3.24

Schedule of expenses and contributions for the prior years' employer-matching liability for the 401(k) plan
For the three months ended March 31, 2016 and 2015, the Company’s current year expenses and contributions to satisfy the prior years’ employer-matching liability for the 401(k) plan were as follows:
 
Three Months Ended
 
March 31,
($ in thousands, except otherwise stated)
2016
 
2015
Expense recognized for the 401(k) plan
$
20

 
$
75

Contributions to satisfy prior years' employer-matching liability
 
 
 

Number of shares of the Company's common stock issued (in thousands)

 
116

Market value per share of the Company's common stock on contribution date (in dollars)
$

 
$
2.71

Non-cash contribution made for employer matching liability
$

 
$
314