Equity Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized

The following table summarizes the equity compensation expense and related income tax benefit recognized in the Consolidated Statements of Income (in thousands):



	Three Months Ended March 31,
	2017		2016
Stock options:
Pre-tax compensation expense	$	2	$	5
Tax benefit	1		2
Stock option expense, net of tax	$	1	$	3
Restricted awards:
Pre-tax compensation expense	$	633	$	130
Tax benefit	245		50
Restricted stock expense, net of tax	$	388	$	80
Performance awards:
Pre-tax compensation expense	$	283	$	(419	)
Tax benefit	110		(163		)
Performance award expense, net of tax	$	173	$	(256	)

Schedule of Equity Compensation Stock Options Activity

The following table summarizes stock option activity for the three months ended March 31, 2017:



	Number of Options (in thousands)		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at beginning of period	171		$	18.19
Granted	—		—
Exercised	(30	)	17.61
Forfeited	—		—
Expired	—		—
Outstanding at end of period	141		18.31		1.74	$	1,113
Exercisable at end of period	136		18.17		1.64	$	1,095

Schedule of Equity Compensation, Restricted Award Activity

The following table summarizes restricted award activity for the three months ended March 31, 2017:



	Number of Restricted Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	293		$	25.98
Granted	69		27.01
Vested	—		—
Forfeited	(8	)	26.61
Nonvested at end of period	354		26.17

Schedule of Equity Compensation Performance Award Activity

The following table summarizes performance award activity for the three months ended March 31, 2017:



	Number of Performance Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	124		$	27.33
Granted	69		26.89
Vested	(35	)	27.07
Forfeited	—		—
Nonvested at end of period	158		27.20