STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Assumptions used in Valuation of stock options

The fair market value of stock options is estimated using the Black Scholes valuation model using the following assumptions:

	Three Months ended June 30, 2017
Expected volatility	38.50%
Expected dividend yield	0.66%
Risk free rate	1.32% - 1.45%
Expected term (in years)	6.0 - 6.5
Weighted average grant date fair value	$4.48
Weighted average exercise price	$12.04

Summary of stock based compensation expense

A summary of stock based compensation expense is as follows (in thousands):

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2017		2016		2017		2016
Stock Options	$	31	$	—	$	31	$	—
Restricted stock/unit awards (“RSA”)	66		58		107		123
Performance share incentives (“PSI”)	32		—		39		—
Total stock based compensation	$	129	$	58	$	177	$	123

Schedule of unrecognized compensation and the expected weighted-average recognition periods

Unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs and PSIs as of June 30, 2017 and December 31, 2016, are as follows:

	June 30, 2017						December 31, 2016
	Stock Options		RSAs		PSIs		Stock Options		RSAs		PSIs
Unrecognized compensation cost (in thousands)	$	976	$	464	$	904	$	—	$	113	$	520
Expected weighted-average recognition period for unrecognized compensation cost (in years)	2.67		1.65		1.51		N/A		0.92		0.97