Stock Compensation Plans and Share-Based Compensation Awards (Tables)

9 Months Ended

Sep. 30, 2018

Stock Compensation Plans and Share-Based Compensation Awards

Schedule of share based compensation expense and related income tax benefit recognized for share-based compensation awards

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(In thousands)
Share-based compensation expense	$	1,758	$	—	$	53,893	$	—
Income tax benefit	$	68	$	—	$	3,914	$	—

Summary of RSU activity

A summary of RSUs activity is as follows (in thousands, except per share data):

	Number outstanding	Weighted average fair value
Balance at December 31, 2017	—	$	—
Granted	522		16.19
Vested	—		—
Forfeited	(4)		16.00
Balance at September 30, 2018	518	$	16.19

Summary of stock option activity

A summary of stock option activity is as follows (in thousands, except per share data):

	Number outstanding	Weighted average fair value
Balance at December 31, 2017	—	$	—
Granted	2,140		6.84
Exercised	—		—
Forfeited	(19)		6.68
Balance at September 30, 2018	2,121	$	6.84

Schedule of assumptions used in estimating the grant date fair values

	Three Months Ended September 30,		Nine Months Ended September 30,
	2018		2018
Expected life (in years)		7.00		7.00
Weighted average risk-free interest rate		2.89%		3.04%
Expected volatility		33.99%		34.28%
Dividend yield		0.00%		0.00%
Weighted average fair value at grant date	$	9.23	$	6.84