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Share-Based Plans (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Allocation of Stock-based Compensation Expense and Related Tax Benefit
The following table provides a summary of stock compensation expense, and the related income tax benefit, recognized in the accompanying Consolidated Statements of Income:
 
Years ended December 31,
(In thousands)
2016
 
2015
 
2014
Stock options
$
43

 
$
379

 
$
1,175

Restricted stock
11,395

 
10,556

 
9,048

Total stock compensation expense
$
11,438

 
$
10,935

 
$
10,223

 
 
 
 
 
 
Income tax benefit
$
4,132

 
$
3,903

 
$
3,553

Summary of Restricted Stock and Stock Option Activity
The following table provides a summary of the activity under the stock compensation plans for the year ended December 31, 2016:
 
Unvested Restricted Stock Awards
 
Stock Options Outstanding
 
Time-Based
 
Performance-Based
 
 
Number of
Shares
Weighted-Average
Grant Date
Fair Value
 
Number of
Units
Weighted-Average
Grant Date
Fair Value
 
Number of
Shares
Weighted-Average
Grant Date
Fair Value
 
Number  of
Shares
Weighted-Average
Exercise Price
Balance at January 1, 2016
236,145

$
32.58

 
2,088

$
34.45

 
115,721

$
34.14

 
1,527,074

$
23.92

Granted
248,418

33.52

 
12,946

32.89

 
150,392

32.75

 


Exercised options


 


 


 
412,538

28.47

Vested restricted stock awards (1)
216,933

30.21

 
12,876

33.23

 
140,531

33.12

 


Forfeited
14,269

32.89

 


 
9,398

33.63

 
41,562

47.92

Balance at December 31, 2016
253,361

$
32.24

 
2,158

$
32.89

 
116,184

$
33.62

 
1,072,974

$
21.24

(1)
Vested for purposes of recording compensation expense.
Summary of Options Outstanding and Options Exercisable
The following table summarizes information for options, all of which are both outstanding and exercisable, at December 31, 2016:
Range of Exercise Prices
Number of Shares
Weighted-Average Remaining Contractual Life (years)
Weighted-Average Exercise Price
$ 5.14 - 20.00
317,814

2.2
$
8.95

$ 20.01 - 30.00
562,040

5.2
23.53

$ 30.01 - 40.00
151,715

1.0
32.03

$ 40.01 - 48.88
41,405

0.4
44.91

 
1,072,974

3.5
$
21.24