STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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:

	Nine Months Ended September 30, 2017
Expected volatility	37.0% - 38.5%
Expected dividend yield	0.0% - 0.66%
Risk free rate	1.32% - 1.97%
Expected term (in years)	6.0 - 6.5
Weighted average grant date fair value	$4.52
Weighted average exercise price	$12.05

Summary of stock based compensation expense

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

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2017		2016		2017		2016
Stock Options	$	103	$	—	$	135	$	—
Restricted stock/unit awards (“RSA”)	57		67		164		190
Performance share incentives (“PSI”)	28		—		67		—
Total stock based compensation	$	188	$	67	$	366	$	190

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 September 30, 2017 and December 31, 2016, are as follows:

	September 30, 2017						December 31, 2016
	Stock Options		RSAs		PSIs		Stock Options		RSAs		PSIs
Unrecognized compensation cost (in thousands)	$	1,019	$	335	$	818	$	—	$	113	$	520
Expected weighted-average recognition period for unrecognized compensation cost (in years)	2.44		1.30		1.20		N/A		0.92		0.97