SHARE-BASED AWARDS (Tables)

12 Months Ended

Dec. 31, 2016

Activity in the Company’s stock option plans for the year ended December 31, 2016, was as follows (in thousands, except weighted average exercise price and weighted average contractual life):


					Weighted		Weighted
			1998		Average		Average	Aggregate
	2007	1998	Director	Total	Exercise		Contractual	Intrinsic
	Plan	Plan	Plan	Shares	Price		Life	Value
Outstanding at December 31, 2015	403	42	16	461	$	21.90
Granted	—	—	—	—
Exercised	75	37	16	128	$	22.53
Forfeited and expired	9	—	—	9	$	20.84
Outstanding at December 31, 2016	319	5	0	324	$	21.67	3.3	$	4,437
Exercisable at December 31, 2016	319	5	—	324	$	21.67	3.3	$	4,437

Non-Vested Restricted Stock Unit Activity

The following table summarizes non-vested restricted stock unit activity through December 31, 2016, (in thousands, except weighted average grant-date fair value amounts):


	2007 Plan	2016 Plan	Total	Weighted
	Restricted	Restricted	Restricted	Average Grant-
	Stock Units	Stock Units	Stock Units	Date Fair Value
Outstanding at December 31, 2015	678	—	678	$	29.21
Granted	444	19	463		34.70
Vested	(416)	—	(416)		27.85
Canceled	(5)	—	(5)		34.36
Outstanding at December 31, 2016	701	19	720	$	33.35

Summary of Compensation expense and Other Measures Related to Share-Based awards

A summary of compensation expense related to share-based awards for each of the three years in the period ended December 31, 2016, is as follows (in millions):


	Years Ended December 31,
Share-based expense (net of estimated forfeitures):	2016		2015		2014
Non-vested stock and restricted stock units	$	9.8	$	12.2	$	8.4
Stock options		—		—		0.3
Total share-based expense		9.8		12.2		8.7
Total recognized tax benefit		(3.8)		(4.8)		(3.4)
Total Share-based expense (net of tax)	$	6.0	$	7.4	$	5.3

Cash received by Matson upon option exercise	$	1.2	$	2.2	$	5.8
Intrinsic value of options exercised	$	2.0	$	9.2	$	3.4
Tax benefit realized upon option exercise	$	5.9	$	3.4	$	1.9
Fair value of stock vested	$	15.8	$	8.6	$	5.0