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SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2015
Share Based Compensation [Abstract]  
Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions
201520142013
Dividend yield3.40%3.04%2.80%
Weighted average expected volatility42.98%46.78%53.87%
Weighted average risk-free interest rate1.42%1.56%0.83%
Weighted average expected lives (in years)5.425.085.34
Weighted average grant-date fair value$7.63$8.05$7.99
Summary of Share Option Activity
Weighted
NumberWeightedAverageAggregate
ofAverageContractualIntrinsic
CommonExerciseRemainingValue
SharesShare PriceLife(Years)(in thousands)
Balance at January 1, 2015224,381$20.88$1,300
Granted21,245$26.20$-
Exercised(39,787)$15.12$458
Forfeited or expired(71,708)$27.86$-
Balance at December 31, 2015134,131$19.703.3$974
Exercisable at December 31, 201593,330$17.452.2$887
Weighted average fair value of options
granted during the year$7.63
Summary of Activity for Company's Restricted Stock
NumberWeighted
ofAverage
CommonGrant-Date
(In dollars, except share data):SharesFair Value
Restricted stock at January 1, 2015226,871$21.07
Granted79,860$26.20
Vested(81,883)$19.97
Forfeited(6,277)$22.97
Restricted stock at December 31, 2015218,571$23.30