XML 40 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Capital Stock and Equity Awards (Tables)
3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
Schedule of dividends
The Company declared the following dividends during the first three months of 2018 and 2017:
Date of Declaration
 
Dividend per Common Share
 
Payable to Shareholders of Record on
 
Payment Date
 
Total Amount
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
February 22, 2018
 
$
0.30

 
March 12, 2018
 
March 30, 2018
 
$
9.0
  million
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
February 14, 2017
 
$
0.30

 
March 13, 2017
 
March 31, 2017
 
$
8.9
  million
Schedule of summary of option activity
The following table summarizes the option activity for the three months ended March 31, 2018 and 2017:
 
Three Months Ended March 31,
 
2018
 
2017
 
Shares
 
Weighted-
Average
Exercise
Price
 
Shares
 
Weighted-
Average
Exercise
Price
Outstanding:
 

 
 

 
 

 
 

Beginning of period
1,479,236

 
$
27.81

 
2,234,699

 
$
22.84

Granted

 
$

 
195,509

 
$
42.17

Exercised
(142,129
)
 
$
20.14

 
(97,211
)
 
$
17.23

Forfeited

 
$

 
(50,062
)
 
$
27.97

End of period
1,337,107

 
$
28.63

 
2,282,935

 
$
24.62

Exercisable, end of period
983,508

 
$
26.06

 
1,334,756

 
$
20.47

Schedule of summary of RSU activity
The following table summarizes the RSU activity for the three months ended March 31, 2018 and 2017:
 
Three Months Ended March 31,
 
2018
 
2017
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
 
 
 
 
 

 
 

Unvested, beginning of period
178,882

 
$
37.93

 
196,800

 
$
24.38

Granted
214,907

 
$
39.81

 
117,879

 
$
42.17

Vested
(62,714
)
 
$
40.90

 
(37,485
)
 
$
32.07

Forfeited

 
$

 
(19,743
)
 
$
24.06

Unvested, end of period
331,075

 
$
38.59

 
257,451

 
$
31.43

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
March 31,
 
2018
 
2017
 
(in thousands)
Share based compensation expense
$
1,455

 
$
1,794

U.S. tax benefit on share based compensation expense
173

 
469