STOCK PLANS AND STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2016

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, 2015	155,000	$	20.15
Granted	323,400		24.51
Exercised	(97,750)		19.77
Forfeited or expired	(57,250)		21.43
Outstanding, December 31, 2015	323,400	$	24.40	4.70	$	650,000
Outstanding, January 1, 2016	323,400	$	24.40
Granted	5,000		26.43
Exercised	(4,000)		20.12
Forfeited or expired	(11,800)		24.47
Outstanding, September 30, 2016	312,600	$	24.49	4.03	$	2,061,211
Fully vested and expected to vest	312,600	$	24.49	4.03	$	2,061,211
Exercisable (vested) at September 30, 2016	4,000	$	20.77	0.47	$	41,240

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2016		2015		2016		2015
Intrinsic value of options exercised	$	—	$	26	$	18	$	81
Cash received from options exercised, net of shares redeemed		—		125		80		244
Weighted-average fair value per share of options granted		—		3.52		3.27		3.58

Summary of activity for non-vested restricted stock awards

		Weighted-average
	Restricted	grant date fair
	Stock Awards	value per share
Outstanding, January 1, 2015	80,500	$	19.85
Granted	2,500		25.19
Forfeited	(4,000)		19.85
Earned and issued	—		—
Outstanding, December 31, 2015	79,000	$	20.02
Outstanding, January 1, 2016	79,000	$	20.02
Granted	—		—
Forfeited	(2,000)		19.85
Earned and issued	—		—
Outstanding, September 30, 2016	77,000	$	20.02
Fully vested and expected to vest	77,000	$	20.02
Vested at September 30, 2016	—	$	—

Summary of PSU activity

		Weighted-average
	Performance	grant date fair
	Stock Units	value per share
Outstanding, January 1, 2016	—	$	—
Granted	55,000		23.08
Forfeited	—		—
Earned and issued	—		—
Outstanding, September 30, 2016	55,000	$	23.08
Fully vested and expected to vest	55,000	$	23.08
Vested at September 30, 2016	—	$	—

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2016		2015		2016		2015
Stock option expense	$	58	$	48	$	184	$	104
Restricted stock award expense		72		60		189		207
Performance stock unit expense		127		—		381		—
Total expense	$	257	$	108	$	754	$	311

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

	Stock			Restricted	Performance
(in thousands)	Options			Stock Awards	Stock Units		Total
2016	$	64	$	71	$	127	$	262
2017		253		258		507		1,018
2018		251		120		198		569
2019		143		12		—		155
2020		32		8		—		40
2021		1		2		—		3
Total	$	744	$	471	$	832	$	2,047