Stock-Based Compensation and Other Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2017



Activity, restricted shares: ^(a)	Restricted Shares		Per Share Weighted Average Grant Date Fair Value
Non-vested restricted shares, as of December 31, 2016	1,970,586		$	21.61
Granted	162,923		38.61
Vested	(296,800	)	40.70
Canceled/forfeited	(5,000	)	17.30
Non-vested restricted shares, as of March 31, 2017	1,831,709		$	20.04


(a)	Includes 39,050 and 43,300 restricted stock units as of March 31, 2017 and December 31, 2016, respectively.

Schedule of Activity, Employee Stock Purchase Plans

The following table provides details pertaining to the Company’s ESPPs for the periods indicated:



	For the Three Months Ended March 31,
	2017		2016
Cash proceeds (in millions)	$	0.8	$	0.6
Common shares issued	24,026		43,172
Weighted average price per share	$	32.51	$	14.77
Weighted average per share grant date fair value	$	8.49	$	4.03

Schedule of Non-Cash Stock-Based Compensation Expense and Related Tax Benefits

Details of non-cash stock-based compensation expense and related tax benefits for the periods indicated were as follows (in millions):



	For the Three Months Ended March 31,
	2017		2016
Non-cash stock-based compensation expense	$	3.8	$	3.5
Income Tax Effects:
Income tax benefit from non-cash stock-based compensation	$	1.2	$	1.6
Excess tax benefit from non-cash stock-based compensation ^(a)	$	—	$	0.2

(a)

Excess tax benefits represent cash flows from tax deductions in excess of the tax effect of compensation expense associated with share-based payment arrangements. For the three month period ended March 31, 2017, the Company incurred a net tax deficiency of approximately $0.2 million related to the vesting of share-based payment awards and excess tax benefits were de minimis. As discussed in Note 1 - Business, Basis of Presentation and Significant Accounting Policies, the company adopted ASU 2016-09 effective January 1, 2017 on a prospective basis. ASU 2016-09 changed the required presentation of excess tax benefits in the consolidated statement of cash flows from financing activities to operating activities. Excess tax benefits for the comparative prior year period are classified as cash flows from financing activities.