Stock Based Compensation

6 Months Ended

Jun. 30, 2019

Share Based Compensation [Abstract]

Stock Based Compensation

12. STOCK BASED COMPENSATION

Time Vested Restricted Stock Awards (“RSAs”) and Time Vested Restricted Stock Units (“RSUs”)

During the three months ended June 30, 2019, the Company issued the following RSAs from the 2017 Equity and Cash Incentive Plan.  The fair value of RSAs is based upon the Company’s common stock closing share price on the date of the grant. The holders of RSAs participate fully in the rewards of stock ownership of the Company, including voting and dividend rights. There were no RSUs issued during the three months ended June 30, 2019.

		Weighted-
		Average
Shares Granted		Fair Value at Grant Date		Type of Award
	950	$	84.66	RSAs

Performance-Based Restricted Stock Units (“PRSUs”)

There were no PRSUs issued during the three months ended June 30, 2019.

The following table presents the pre-tax expense associated with all outstanding non-vested RSAs, RSUs, PRSUs, and the related tax benefits recognized:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(dollars in thousands)
Stock based compensation expense	$	699	$	807	$	1,318	$	1,347
Related tax benefits	$	197	$	227	$	370	$	379