Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Equity-Based Compensation

Employee Stock-Based Compensation Expense

Employee stock-based compensation expense under the Company’s 2013 Incentive Plan was as follows (in thousands):

	Year Ended December 31,
	2016		2015		2014
Expense from RSUs	$	2,330	$	1,453	$	2,002
Excess tax benefit from share-based compensation		(261)		(2,770)		(736)
Net compensation cost (benefit)	$	2,069	$	(1,317)	$	1,266

Restricted Stock Units

The following table summarizes the Company’s activity for restricted stock units for the year ended December 31, 2016:

			Weighted average grant date
	Restricted Stock Units		fair value per share
Nonvested at January 1, 2016	96,765	$	30.80
Granted	89,359	$	33.24
Shares vested (including tax withholding) (a)	(53,779)	$	29.75
Forfeited	(5,334)	$	30.02
Nonvested at December 31, 2016	127,011	$	33.00

(a) Pursuant to the terms of the 2013 Incentive Plan, RSUs withheld by the Company for the payment of the employee's tax withholding related to an RSU vesting are added back to the pool of shares available for future awards.

The following table summarizes information about our RSU grants during the years ended December 31, 2016, 2015 and 2014:

		Year ended December 31,
		2016		2015		2014
Weighted average grant date fair value per RSU granted	$	33.24	$	32.45	$	-

Summary of Stock Option Activity

				Weighted Average
		Weighted Average		Remaining	Aggregate
	Options	Exercise Price		Contractual Term	Intrinsic Value
				(in years)	(in thousands)
Options Outstanding at January 1, 2016	28,057	$	3.60
Granted	—
Exercised	(28,057)	$	3.60
Forfeited	—
Options Outstanding at December 31, 2016	—			—	$	—
Exercisable at December 31, 2016	—			—	$	—