Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [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:

 

    Three Months Ended   Six Months Ended
    June 30,   June 30,
(in thousands)   2016   2015   2016   2015
Time lapse restricted stock:                                
Pre-tax compensation expense   $ 3,055     $ 3,255     $ 6,380     $ 6,119  
Tax benefit     (1,182 )     (1,259 )     (2,469 )     (2,368 )
Restricted stock expense, net of tax   $ 1,873     $ 1,996     $ 3,911     $ 3,751  
Summarized information on unvested restricted stock units outstanding

The following table summarizes information on unvested restricted stock outstanding as of June 30, 2016:

 

    Number of Shares   Weighted-Average
Grant-Date
Fair Value
Unvested Restricted Stock Units at December 31, 2015     2,751     $ 17.21  
Forfeited     (53 )     19.78  
Vested     (798 )     14.12  
Granted     503       26.45  
Unvested Restricted Stock Units at June 30, 2016     2,403     $ 20.11