Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Components of the stock-based compensation programs recorded as expense

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense ($ in thousands):

 

Years ended December 31,   2018   2017   2016
Time lapse restricted stock:                        
Pre-tax compensation expense   $ 13,726     $ 12,399     $ 12,415  
Tax benefit     (3,486 )     (4,799 )     (4,805 )
Restricted stock expense, net of tax   $ 10,240     $ 7,600     $ 7,610  
Summarized information on unvested restricted stock units outstanding

The following table summarizes information on unvested restricted stock units outstanding as of December 31, 2018, 2017 and 2016:

    Number of Shares
(in thousands)		   Weighted-Average
Grant-Date Fair
Value
Unvested Restricted Stock Grants                
Unvested as of December 31, 2015     4,126     $ 11.47  
Forfeited     (171 )     13.03  
Vested     (1,318 )     9.66  
Granted     755       17.63  
Unvested as of December 31, 2016     3,392       13.47  
Forfeited     (51 )     14.92  
Vested     (1,018 )     11.47  
Granted     703       22.97  
Unvested as of December 31, 2017     3,026       16.33  
Forfeited     (35 )     19.05  
Vested     (910 )     13.24  
Granted     643       32.25  
Unvested as of December 31, 2018     2,724     $ 21.08