INCENTIVE COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2017

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

The following awards were outstanding during 2017:



Award Type		Benefit Plan	Awards Granted	Grant Date	Grant Date Fair Value per Award^(a)		Vesting Condition	Vesting Date	Vesting Date Fair Value per Award^(a)		Estimated Forfeiture Rate		Awards Forfeited to Date		Settlement Method
RSU		LTIP	449,217	02/19/2014	$	16.70	Service	12/31/2016	$	18.99	13.49	%	86,458		Stock
RSU		LTIP	223,701	03/03/2014	17.18		Performance / Service	12/31/2017	31.06		12.34	%	53,363		Stock
RSU	(b)	LTIP	45,961	02/11/2015	25.87		Service	12/31/2017	31.06		12.34	%	10,965		Stock
RSU		LTIP	251,136	03/30/2016	25.36		Performance / Service	12/31/2019			—	%	251,136	(d)	Stock
RSU	(b)	LTIP	74,535	10/13/2016	20.93		Service	12/31/2016	18.99		13.49	%	—		Stock
RSU		LTIP	389,424	01/19/2017	18.38		Performance / Service	(e)			—	%	—		Stock
RSU	(c)	LTIP	48,586	02/13/2017	20.52		Service	12/31/2016	18.99		—	%	—		Stock
RSU	(c)	LTIP	23,469	02/13/2017	20.52		Service	12/31/2017	31.06		—	%	652		Stock


(a)	The fair value of each RSU granted or vested represents the closing price of the Company’s common stock on the respective grant date or vesting date.


(b)	On February 17, 2015, the Company paid a special cash dividend to stockholders of record as of January 30, 2015 totaling $5.77 per share. On January 27, 2015, the Compensation Committee of the Company’s Board of Directors agreed to grant Dividend Equivalent Rights (“DERs”) in the form of RSUs to reflect an additional $5.77 in value for each outstanding RSU.

(c)

On May 18, 2016, the Company paid a special cash dividend to stockholders of record as of May 10, 2015 totaling $2.75 per share. On October 27, 2016, the Compensation Committee of the Company's Board of Directors agreed to grant additional RSUs to LTIP participants that were equal to the amount of the dividend that would be awarded to them had their RSUs existing as of the dividend record date been vested. The additional RSUs that were granted to the LTIP participants are subject to the same vesting requirements as the underlying RSUs granted under the LTIP.


(d)	Performance conditions associated with these awards were not satisfied. Therefore, 100% of the awards were forfeited.


(e)	The subject RSUs will vest in ratable tranches on December 31, 2018, December 31, 2019, and December 31, 2020

Schedule of Compensation Cost and Income Tax Benefit

Compensation costs and the income tax benefit recognized for our share-based compensation arrangements are included below:



	2017		2016		2015
	(In thousands)
Share-based compensation cost:
Cost of goods sold	$	256	$	770	$	596
Selling, general and administrative expenses	2,763		5,332		2,379
Total	$	3,019	$	6,102	$	2,975

Income tax benefit	$	1,006	$	1,858	$	868

Schedule of RSA and RSU Activity

The Company’s RSA and RSU activity is included below:



	2017				2016				2015
	Number		Weighted Average Grant Date Fair Value		Number		Weighted Average Grant Date Fair Value		Number		Weighted Average Grant Date Fair Value
	(In thousands, except weighted average fair values)
RSAs:
Outstanding at beginning of year	—		$	—	—		$	—	30		$	8.72
Granted	—		—		—		—		—		—
Vested	—		—		—		—		—		—
Forfeited	—		—		—		—		(30	)	8.72
Outstanding at end of year	—		$	—	—		$	—	—		$	—

RSUs:
Outstanding at beginning of year	906		$	20.00	774		$	18.78	1,120		$	11.97
Granted	461		18.72		325		24.35		428		21.00
Vested	(714	)	18.09		—		—		(671	)	8.81
Forfeited	(264	)	25.33		(193	)	24.51		(103	)	18.90
Outstanding at end of year	389		$	18.39	906		$	20.00	774		$	18.78