STOCK OPTIONS AND NON-VESTED SHARES (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Assumptions Used to Estimate Fair Value of Stock Options

The fair value of each option granted is estimated on the date of grant using the Black-Scholes option-pricing model.  The following table summarizes the assumptions used for estimating the fair value of options for the nine months ended September 30, 2014 and September 30, 2013:

	September 30,		September 30,
	2014		2013
Expected life	7.2 years		7.3 years
Risk-free interest rate		2.1%		1.3%
Expected dividends		2.1%		0.0%
Volatility		60.0%		45.0%

Stock Option Plan Activity

The following table summarizes activity under the Company’s stock option plan for the nine months ended September 30, 2014:

				Weighted		Aggregate		Weighted
				Average		Intrinsic		Average
	Shares			Exercise		Value		Remaining
	(000)			Price		($000)		Term (yrs)
Options outstanding — January 1, 2014		2,991		$	12.91
Granted		40			13.86
Exercised		(739	)		10.51
Cancelled		(221	)		20.08
Options outstanding — September 30, 2014		2,071		$	13.03	$	5,095		5.21
Vested or expected to vest — September 30, 2014		2,058		$	13.08	$	4,990		5.19
Exercisable — September 30, 2014		1,547		$	15.98	$	783		4.16

Non-Vested Share Activity

A summary of the Company’s non-vested share activity and related information for the nine months ended September 30, 2014 is as follows:

				Weighted		Aggregate
				Average		Intrinsic
	Shares			Grant Date		Value
	(000)			Fair Value		($000)
Non-vested shares outstanding — January 1, 2014		477		$	9.66
Granted		216			12.82
Vested		(234	)		10.12
Cancelled		—			—
Non-vested shares outstanding — September 30, 2014		459		$	10.91	$	5,715
Non-vested shares vested or expected to vest —September 30, 2014		429		$	10.91	$	5,341