STOCK PLANS AND STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2018

STOCK PLANS AND STOCK BASED COMPENSATION

Summary of stock option activity

				Weighted
		Weighted		Average
	Options	Average		Remaining	Aggregate
	Class A	Exercise		Contractual	Intrinsic
	Shares	Price		Term	Value
Outstanding, January 1, 2017	312,600	$	24.49
Granted	4,500		35.54
Exercised	(3,500)		19.63
Forfeited or expired	(18,600)		24.99
Outstanding, December 31, 2017	295,000	$	24.68	2.86	$	3,935,010
Outstanding, January 1, 2018	295,000	$	24.68
Granted	—		—
Exercised	—		—
Forfeited or expired	—		—
Outstanding, March 31, 2018	295,000	$	24.68	2.61	$	4,017,610
Unvested	295,000	$	24.68	2.61	$	4,017,610
Exercisable (vested) at March 31, 2018	—	$	—	—	$	—

Schedule of intrinsic value and cash received from options exercised and weighted average fair value of options granted

	Three Months Ended March 31,
(in thousands, except per share data)	2018		2017
Intrinsic value of options exercised	$	—	$	44
Cash received from options exercised, net of shares redeemed		—		33
Weighted-average fair value per share of options granted		NA		NA

NA - Not applicable

Summary of activity for non-vested restricted stock awards

	Restricted
	Stock Awards	Weighted-Average
	Class A Shares	Grant Date Fair Value
Outstanding, January 1, 2017	77,000	$	20.02
Granted	7,413		35.77
Forfeited	(750)		19.85
Earned and issued	(42,053)		21.66
Outstanding, December 31, 2017	41,610	$	21.18
Outstanding, January 1, 2018	41,610	$	21.18
Granted	36,000		38.32
Forfeited	—		—
Earned and issued	—		—
Outstanding, March 31, 2018	77,610	$	29.13
Unvested	77,610	$	29.13

Summary of PSU activity

	Performance
	Stock Units	Weighted-Average
	Class A Shares	Grant Date Fair Value
Outstanding, January 1, 2017	55,000	$	23.13
Granted	—		—
Forfeited	(6,500)		23.48
Earned and issued	—		—
Outstanding, December 31, 2017	48,500	$	23.08
Outstanding, January 1, 2018	48,500	$	23.08
Granted	—		—
Forfeited	—		—
Earned and issued	—		—
Outstanding, March 31, 2018	48,500	$	23.08
Unvested	48,500	$	23.08

Schedule of expenses recorded related to stock options and restricted stock awards

	Three Months Ended
	March 31,
(in thousands)	2018		2017
Stock option expense	$	62	$	63
Restricted stock award expense		64		215
Performance stock unit expense		26		132
Total expense	$	152	$	410

Schedule of estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)

	Stock			Restricted	Performance
Year Ended (in thousands)	Options			Stock Awards	Stock Units		Total
2018	$	182	$	380	$	79	$	641
2019		139		261		—		400
2020		35		261		—		296
2021		5		261		—		266
2022		1		237		—		238
2023 and beyond		—		135		—		135
Total	$	362	$	1,535	$	79	$	1,976