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Employee Benefit and Deferred Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans
The plan expense for the legacy Renasant defined benefit pension plan (“Pension Benefits - Renasant”), the assumed HeritageBank defined pension plan (“Pension Benefits - HeritageBank”) and post-retirement health and life plans (“Other Benefits”) for the periods presented was as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Pension Benefits
 
 
 
Renasant
 
HeritageBank
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
March 31,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost (return)
$

 
$

 
$

 
$

 
$
4

 
$
4

Interest cost (return)
306

 
271

 
69

 

 
14

 
15

Expected (return) on plan assets
(469
)
 
(511
)
 
(45
)
 

 

 

Prior service cost recognized

 

 

 

 

 

Recognized actuarial loss (gain)
100

 
73

 

 

 
17

 
20

Net periodic benefit cost (return)
$
(63
)
 
$
(167
)
 
$
24

 
$

 
$
35

 
$
39

Schedule of other share-based compensation activity
The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2016:

 
 
Performance-Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
 
Time- Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
Nonvested at beginning of period
 

 
$

 
105,438

 
$
31.04

Awarded
 
61,700

 
31.12

 
40,980

 
31.12

Vested
 

 

 

 

Cancelled
 

 

 
(14,000
)
 
32.51

Nonvested at end of period
 
61,700

 
$
31.12

 
132,418

 
$
30.91

The following table summarizes the changes in stock options as of and for the three months ended March 31, 2016:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
621,444

 
$
17.88

Granted
 

 

Exercised
 
(26,960
)
 
14.93

Forfeited
 

 

Options outstanding at end of period
 
594,484

 
$
18.01