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Capital Transactions (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Summary of Awards

A summary of the awards issued in 2017, 2016 and 2015 is as follows:

 

 

 

Fiscal Year

 

 

 

2017

 

 

2016

 

 

2015

 

Date of approval for award

 

March 7, 2017

 

 

March 8, 2016

 

 

March 3, 2015

 

Fiscal year of service covered by award

 

2016

 

 

2015

 

 

2014

 

Shares settled in cash

 

 

18,980

 

 

 

19,080

 

 

 

19,080

 

Increase in Class B Common Stock shares outstanding

 

 

21,020

 

 

 

20,920

 

 

 

20,920

 

Total Class B Common Stock awarded

 

 

40,000

 

 

 

40,000

 

 

 

40,000

 

 

Compensation Expense for the Performance Unit Award Agreement

Compensation expense for the Performance Unit Award Agreement, recognized on the share price of the last trading day prior to the end of the fiscal year, was as follows:

 

 

 

Fiscal Year

 

(in thousands, except per share data)

 

2017

 

 

2016

 

 

2015

 

Total compensation expense

 

$

7,922

 

 

$

7,154

 

 

$

7,300

 

Share price for compensation expense

 

$

215.26

 

 

$

178.85

 

 

$

182.51

 

Share price date for compensation expense

 

December 29, 2017

 

 

December 30, 2016

 

 

December 31, 2015