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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the Company's Stock Option Activity

A summary of the Company’s stock option activity is as follows:

 

 

 

Shares

 

 

Weighted

Average

Exercise Price Per Share

 

 

Aggregate

Intrinsic

Value

 

Options outstanding as of January 1, 2017

 

 

966,060

 

 

$

17.78

 

 

 

 

 

Granted

 

 

273,800

 

 

 

25.68

 

 

 

 

 

Exercised

 

 

(258,699

)

 

 

19.86

 

 

 

 

 

Forfeited

 

 

(80,727

)

 

 

20.45

 

 

 

 

 

Cancelled

 

 

(24,287

)

 

 

26.98

 

 

 

 

 

Options outstanding as of December 31, 2017

 

 

876,147

 

 

 

19.13

 

 

 

 

 

Granted

 

 

187,484

 

 

 

32.31

 

 

 

 

 

Exercised

 

 

(96,125

)

 

 

19.81

 

 

 

 

 

Forfeited

 

 

(5,215

)

 

 

25.44

 

 

 

 

 

Cancelled

 

 

(5,931

)

 

 

24.36

 

 

 

 

 

Options outstanding as of December 31, 2018

 

 

956,360

 

 

$

21.57

 

 

$

0.6

 

Options exercisable as of:

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

511,899

 

 

$

17.98

 

 

$

0.6

 

 

Schedule of the Assumptions Used to Estimate the Fair Value of Each Option Grant The fair value of each option grant was estimated at the date of grant using the Black-Scholes option-pricing method with the following assumptions:

 

 

2018

 

 

2017

 

 

2016

 

Expected Life (years)

 

 

6.5

 

 

 

6.5

 

 

 

6.5

 

Risk-free Interest rate

 

 

2.8

%

 

 

2.2

%

 

 

1.6

%

Expected volatility

 

 

43.7

%

 

 

45.0

%

 

 

45.0

%

Expected dividend yield

 

 

%

 

 

%

 

 

%

 

Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

A summary of activity for restricted stock awards for the years ended December 31, 2018 and 2017 are as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value Per Share

 

Unvested as of January 1, 2017

 

 

39,028

 

 

$

86.92

 

Granted

 

 

 

 

 

 

Vested

 

 

(11,058

)

 

 

86.92

 

Forfeited

 

 

(5,546

)

 

 

86.92

 

Unvested as of December 31, 2017

 

 

22,424

 

 

 

86.92

 

Granted

 

 

 

 

 

 

Vested

 

 

(22,424

)

 

 

86.92

 

Forfeited

 

 

 

 

 

 

Unvested as of December 31, 2018

 

 

 

 

$

 

Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

A summary of activity for restricted stock units for the years ended December 31, 2018 and 2017 are as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value Per Share

 

Unvested as of January 1, 2017

 

 

241,108

 

 

$

49.03

 

Granted

 

 

152,855

 

 

 

26.05

 

Vested

 

 

(45,755

)

 

 

93.55

 

Forfeited

 

 

(28,208

)

 

 

35.61

 

Unvested as of December 31, 2017

 

 

320,000

 

 

 

32.71

 

Granted

 

 

111,713

 

 

 

28.49

 

Vested

 

 

(203,355

)

 

 

38.81

 

Forfeited

 

 

(8,869

)

 

 

21.04

 

Unvested as of December 31, 2018

 

 

219,489

 

 

$

25.37

 

Performance Shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

 


A summary of activity for performance stock units for the years ended December 31, 2018 and 2017 are as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant Date Per Share

 

Unvested as of January 1, 2017

 

 

201,257

 

 

$

28.45

 

Granted

 

 

115,047

 

 

 

30.58

 

Vested

 

 

(17,637

)

 

 

85.03

 

Forfeited

 

 

(29,425

)

 

 

25.59

 

Unvested as of December 31, 2017

 

 

269,242

 

 

 

25.97

 

Granted

 

 

93,298

 

 

 

33.86

 

Vested

 

 

 

 

 

 

Forfeited

 

 

(3,675

)

 

 

30.31

 

Unvested as of December 31, 2018

 

 

358,865

 

 

$

27.98