STOCK INCENTIVE AND STOCK OPTION PLANS (Tables)

12 Months Ended

Dec. 31, 2014

STOCK INCENTIVE AND STOCK OPTION PLANS [Abstract]

Stock Option Activity

	2014
			Weighted-
			Average
		Weighted-	Remaining	Aggregate
		Average	Contractual	Intrinsic
		Exercise	Term	Value
	Shares	Price	(years)	(In thousands)
Options
Outstanding at January 1, 2014	1,884,318	$       19.69
Exercised	(662,721)	17.32
Cancelled or forfeited	(19,500)	20.26
Expired	(145,120)	23.26
Outstanding at December 31, 2014	1,056,977	$       20.67	1.8	$           2,672
Exercisable at December 31, 2014	977,491	$       21.38	1.7	$           1,831

	2013
			Weighted-
			Average
		Weighted-	Remaining	Aggregate
		Average	Contractual	Intrinsic
		Exercise	Term	Value
	Shares	Price	(years)	(In thousands)
Options
Outstanding at January 1, 2013	2,764,854	$       20.58
Exercised	(64,000)	15.97
Cancelled or forfeited	(509,236)	22.67
Expired	(307,300)	23.60
Outstanding at December 31, 2013	1,884,318	$       19.69	2.7	$         10,806
Exercisable at December 31, 2013	1,715,431	$       20.45	2.5	$           8,528

	2012
			Weighted-
			Average
		Weighted-	Remaining	Aggregate
		Average	Contractual	Intrinsic
		Exercise	Term	Value
	Shares	Price	(years)	(In thousands)
Options
Outstanding at January 1, 2012	2,714,023	$       21.72
Granted	338,681	11.93
Exercised	(6,333)	12.94
Cancelled or forfeited	(174,183)	22.04
Expired	(107,334)	20.03
Outstanding at December 31, 2012	2,764,854	$       20.58	3.1	$           1,374
Exercisable at December 31, 2012	2,306,860	$       22.23	2.6	$           1,332

The following table presents the status of the Company’s nonvested options as of December 31, 2014

and changes during the year then ended:

		Weighted-	Weighted-
		Average	Average
		Exercise	Grant Date
	Shares	Price	Fair Value
Nonvested Options
Outstanding at January 1, 2014	168,887	$       11.93	$          4.16
Granted	-	-	-
Vested	(84,401)	12.81	4.16
Forfeited or cancelled	(5,000)	11.93	4.15
Outstanding at December 31, 2014	79,486	$       11.93	$          4.16

Assumptions Used for Stock Options

	2012
Expected volatility	49.9%
Weighted-average volatility	49.9%
Expected dividends	2.50%
Expected term (in years)	4.8-4.9
Risk-free rate	0.81%

Stock Options Outstanding, By Exercise Price Range

	Options Outstanding			Options exercisable
Range of	Number	Weighted-Avg	Weighted-Avg	Number	Weighted-Avg
Exercise Prices	Outstanding	Remaining Life (years)	Exercise Price	Exercisable	Exercise Price
$10.07 to $13.25	256,493	3.6	$              12.40	177,007	$              12.61
$17.10 to $22.97	322,534	1.7	22.27	322,534	22.27
$23.19 to $24.03	143,000	1.0	23.19	143,000	23.19
$24.27 to $25.31	334,950	1.0	24.39	334,950	24.39
$10.07 to $25.31	1,056,977	1.8	$              20.67	977,491	$              21.38