Equity Compensation (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018		2017
Stock options:
Pre-tax compensation expense	$	—	$	2
Tax benefit	—		1
Stock option expense, net of tax	$	—	$	1
Restricted awards:
Pre-tax compensation expense	$	936	$	633
Tax benefit	239		245
Restricted stock expense, net of tax	$	697	$	388
Performance awards:
Pre-tax compensation expense	$	485	$	283
Tax benefit	124		110
Performance award expense, net of tax	$	361	$	173

Schedule of Equity Compensation Stock Options Activity

The following table summarizes stock option activity for the three months ended March 31, 2018:



	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	33		$	19.69
Granted	—		—
Exercised	(11	)	20.56
Forfeited	—		—
Expired	—		—
Outstanding at end of period	22		19.24		1.81	$	375
Exercisable at end of period	22		19.24		1.81	$	375

Schedule of Equity Compensation, Restricted Award Activity

The following table summarizes restricted award activity for the three months ended March 31, 2018:



	Number of Restricted Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	273		$	27.69
Granted	115		37.63
Vested	(17	)	27.01
Forfeited	(2	)	28.95
Nonvested at end of period	369		30.81

Schedule of Equity Compensation Performance Award Activity

The following table summarizes performance award activity for the three months ended March 31, 2018:



	Number of Performance Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	158		$	27.20
Granted	84		37.48
Vested	(35	)	27.07
Forfeited	—		—
Nonvested at end of period	207		31.39