Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED AND DEFERRED COMPENSATION (Tables)

v3.5.0.2
STOCK BASED AND DEFERRED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Compensation Expense and Stock Award Activity
Below is a summary of compensation expense and stock award activity (dollars in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Stock-based compensation expense
$
3,729

 
$
3,953

 
$
11,042

 
$
12,418

Non-vested shares granted
3,500

 
20,600

 
497,365

 
424,387

Performance-based non-vested shares granted

 

 
66,698

 
66,187

Stock options exercised

 
3,000

 
14,400

 
146,640

Restricted stock awards vested (includes performance-based awards)
6,940

 
1,800

 
341,490

 
372,004

Summary of Additional Information Regarding Stock Plan
The following table includes additional information regarding our Plan (dollars in thousands):
 
 
As of
 
 
September 30, 2016
 
December 31, 2015
Unrecognized stock-based compensation cost
 
$
21,678

 
$
18,545

Weighted average years expense recognition period
 
2.82

 
2.34

Total stock-based awards outstanding (1)
 
1,169,625

 
1,078,877


(1)
Includes options outstanding and unvested restricted stock and performance-based awards (at target level) and restricted stock units.