CAPITAL STOCK AND SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2014

Employee Stock Purchase Plan Period	Shares Issued	Price
2012 and Prior	2,485,604	$	13.95
January 1, 2013 to March 31, 2013	90,799		9.45
April 1, 2013 to June 30, 2013	75,126		9.86
July 1, 2013 to September 30, 2013	50,982		14.63
October 1, 2013 to December 31, 2013	52,826		12.44
January 1, 2014 to March 31, 2014	52,718		12.66
April 1, 2014 to June 30, 2014	38,679		14.23
July 1, 2014 to September 30, 2014	32,573		17.14
October 1, 2014 to December 31, 2014	20,221		24.95
	2,899,528

The following table presents our stock option activity for 2014:
		Number of Shares	Weighted Average Exercise Price		Weighted Average Contractual Life (Years)
Outstanding options at January 1, 2014		194,493	$	22.62	0.83
	Granted	250,000		26.65
	Exercised	(28,229)		19.97
	Canceled, forfeited or expired	(138,728)		22.86
Outstanding options at December 31, 2014		277,536	$	26.40	8.99
Exercisable options at December 31, 2014		27,536	$	24.14	0.18

The aggregate intrinsic value of our outstanding options and exercisable options at December 31, 2014 was $0.8 million and $0.2 million, respectively. Total intrinsic value of options exercised was $0.1 million, $0.2 million and $0.1 million for 2014, 2013 and 2012, respectively.

The following table presents our non-vested stock option award activity for 2014:
		Number of Shares	Weighted average grant date fair value
		Number of Shares	Weighted average grant date fair value
Non-vested stock options at January 1, 2014		0	$	0
	Granted	250,000		26.65
	Vested	0		0
	Forfeited	0		0
Non-vested stock options at December 31, 2014		250,000	$	26.65

At December 31, 2014, there was $3.3 million of unrecognized compensation cost related to stock options that we expect to be recognized over a weighted-average period of 2.5 years.


Non-Vested Stock

We issue shares of non-vested stock with vesting terms ranging from one to five years. The compensation expense is determined based on the market price of our common stock at the date of grant applied to the total number of shares that are anticipated to fully vest. Non-vested stock compensation expense included in general and administrative expenses in our accompanying consolidated statements of operations was $4.6 million, $5.2 million and $6.4 million for 2014, 2013 and 2012, respectively.

The following table presents our non-vested stock award activity for 2014:
		Number of Shares	Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2014		773,491	$	13.56
	Granted	774,118		16.38
	Vested	(375,144)		15.68
	Canceled, forfeited or expired	(254,506)		13.20
Non-vested stock at December 31, 2014		917,959	$	15.17

The weighted average grant date fair value of non-vested stock granted was $16.38, $10.91 and $14.01 in 2014, 2013, and 2012, respectively.

At December 31, 2014, there was $8.7 million of unrecognized compensation cost related to non-vested stock award payments that we expect to be recognized over a weighted average period of 1.8 years.


The following table presents our non-vested stock units activity for 2014:
		Number of Shares	Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2014		389,816	$	10.51
	Granted	-		-
	Vested	-		-
	Canceled, forfeited or expired	(164,071)		10.51
Non-vested stock units at December 31, 2014		225,745	$	10.51