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Capital Stock and Equity Awards (Tables)
6 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Schedule of dividends
The Company declared the following dividends during the first six months of 2017 and 2016:

Date of Declaration
 
Dividend per Common Share
 
Payable to Shareholders of Record on
 
Payment Date
 
Total Amount
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
February 14, 2017
 
$
0.30

 
March 13, 2017
 
March 31, 2017
 
$
8.9
 million
May 2, 2017
 
$
0.30

 
June 12, 2017
 
June 30, 2017
 
$
8.9
 million
 
 
$
0.60

 
 
 
 
 
$
17.8
 million
 
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
 
 
 
February 16, 2016
 
$
0.20

 
March 14, 2016
 
March 28, 2016
 
$
5.8
 million
May 3, 2016
 
$
0.20

 
June 13, 2016
 
June 30, 2016
 
$
5.9
 million
 
 
$
0.40

 
 
 
 
 
$
11.7
 million
Schedule of summary of option activity
The following table summarizes the option activity:
 
 
Six Months Ended June 30,
 
2017
 
2016
 
Shares
 
Weighted-
Average
Exercise
Price
 
Shares
 
Weighted-
Average
Exercise
Price
Outstanding:
 

 
 

 
 

 
 

Beginning of period
2,234,699

 
$
22.84

 
2,058,085

 
$
18.11

Granted
205,244

 
$
42.24

 
706,203

 
$
32.07

Exercised
(443,114
)
 
$
18.72

 
(231,916
)
 
$
15.95

Forfeited
(50,062
)
 
$
27.97

 
(3,362
)
 
$
21.00

End of period
1,946,767

 
$
25.69

 
2,529,010

 
$
22.20

Exercisable, end of period
992,395

 
$
20.95

 
1,017,643

 
$
17.01

Schedule of summary of RSU activity
The following table summarizes the RSU activity for the six months ended June 30, 2017 and 2016
 
Six Months Ended June 30,
 
2017
 
2016
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
 
 
 
 
 

 
 

Unvested, beginning of period
196,800

 
$
24.38

 
234,922

 
$
21.00

Granted
119,312

 
$
42.19

 
60,291

 
$
32.03

Vested
(39,113
)
 
$
32.01

 

 
$

Forfeited
(19,743
)
 
$
24.06

 

 
$

Unvested, end of period
257,256

 
$
31.50

 
295,213

 
$
23.25

Schedule of summary of amount of expense and related tax benefit
Share based compensation expense is recognized on a straight line basis over the vesting period. The amount of expense and related tax benefit is summarized below:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Share based compensation expense
$
1,784

 
$
1,498

 
$
3,578

 
$
2,687

U.S. tax benefit on share based compensation expense
477

 
421

 
946

 
757