Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED AND DEFERRED COMPENSATION (Tables)

v3.8.0.1
STOCK BASED AND DEFERRED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2017
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,
 
2017
 
2016
 
2017
 
2016
Stock-based compensation expense
$
4,113

 
$
3,729

 
$
9,898

 
$
11,042

Non-vested shares granted
14,075

 
3,500

 
430,575

 
497,365

Performance-based non-vested shares granted
—

 
—

 
154,120

 
66,698

Stock options exercised (1)
—

 
—

 
—

 
14,400

Restricted stock awards vested (includes performance-based awards)
5,780

 
6,940

 
295,544

 
341,490



(1)
As of December 31, 2016, we have no remaining unexercised stock options.
Summary of Additional Information Regarding Stock Plan
The following table includes additional information regarding our Plan (dollars in thousands):
 
 
As of
 
 
September 30, 2017
 
December 31, 2016
Unrecognized stock-based compensation cost
 
$
21,920

 
$
18,528

Weighted average years expense recognition period
 
2.75

 
2.56

Total stock-based awards outstanding (1)
 
1,302,176

 
1,147,271


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