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Equity Compensation and Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Employee Benefit and Share-based Payment Arrangement, Noncash Expense [Abstract]  
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):
 
 
Years Ended December 31,
 
 
2019
 
2018
 
2017
Stock options:
 
 
 
 
 
 
Pre-tax compensation expense
 
$

 
$

 
$
6

Tax benefit
 

 

 
2

Stock option expense, net of tax
 
$

 
$

 
$
4

Restricted awards:
 
 
 
 
 
 
Pre-tax compensation expense
 
$
4,943

 
$
4,143

 
$
3,244

Tax benefit
 
1,258

 
1,056

 
1,265

Restricted stock expense, net of tax
 
$
3,685

 
$
3,087

 
$
1,979

Performance awards:
 
 
 
 
 
 
Pre-tax compensation expense
 
$
3,156

 
$
3,152

 
$
1,459

Tax benefit
 
803

 
804

 
569

Performance award expense, net of tax
 
$
2,353

 
$
2,348

 
$
890


Schedule of Equity Compensation Stock Options Activity The following table summarizes stock option activity for the year ended December 31, 2019:
 
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
9

 
$
19.02

 

 

Granted

 

 

 

Exercised
(9
)
 
19.02

 

 

Forfeited

 

 

 

Expired

 

 

 

Outstanding at end of period

 

 
0.00
 
$

Exercisable at end of period

 

 
0.00
 
$


Intrinsic Value of Stock Options Exercised The total intrinsic value of stock options exercised was as follows (in thousands):
2019
$
136

2018
484

2017
1,722


Schedule of Equity Compensation, Restricted Award Activity The following table summarizes restricted award activity for the year ended December 31, 2019:
 
Number of
Restricted
Awards (in
thousands)
 
Weighted
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period
326

 
$
31.93

Granted
175

 
33.11

Vested
(113
)
 
30.84

Forfeited
(19
)
 
31.94

Nonvested at end of period
369

 
32.83


Schedule of Equity Compensation Performance Award Activity The following table summarizes performance award activity for the year ended December 31, 2019:
 
Number of
Performance Awards (in
thousands)
 
Weighted
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period
207

 
$
27.92

Granted
163

 
28.83

Vested
(35
)
 
27.07

Forfeited
(8
)
 
29.33

Nonvested at end of period
327

 
28.75


Contributions for Employee Stock Purchase Plan Our contributions for the Purchase Plan were as follows (in thousands):
2019
$
265

2018
239

2017
208


Contributions and Administrative Expenses Under 401(k) Retirement Savings Plan Salaries, wages and benefits expense in the accompanying Consolidated Statements of Income includes our 401(k) Plan contributions and administrative expenses, which were as follows (in thousands): 
2019
$
4,414

2018
2,615

2017
2,357


Deferred Compensation Assets and Liabilities
The accumulated benefit obligation and aggregate market value of the life insurance policies were as follows (in thousands):
 
December 31,
 
2019
 
2018
Accumulated benefit obligation
$
9,588

 
$
7,202

Aggregate market value
8,284

 
6,588