XML 83 R68.htm IDEA: XBRL DOCUMENT v3.8.0.1
Incentive and Deferred Compensation Plans (Details) - USD ($)
1 Months Ended 12 Months Ended
Jun. 30, 2017
Jan. 31, 2017
Jun. 30, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Incentive and deferred compensation plans            
Number of incentive plans for executives, senior vice presidents and other selected officers       2    
Number of deferred compensation plans for executives, senior vice presidents and other selected officers       2    
Number of deferred compensation plans for outside directors       2    
Class A            
Incentive and deferred compensation plans            
Total cost of shares purchased outside of publicly announced stock repurchase program       $ 7,300,000 $ 1,500,000  
Class A | Performance shares            
Incentive and deferred compensation plans            
Shares purchased outside of publicly announced stock repurchase program for share-based compensation awards (in shares)       60,332 15,093  
Annual incentive plan (AIP)            
Incentive and deferred compensation plans            
Maximum percentage of employee compensation that can be deferred (as a percent)       100.00%    
Long-term incentive plan (LTIP)            
Incentive and deferred compensation plans            
Maximum percentage of employee compensation that can be deferred (as a percent)       100.00%    
Vesting period of performance and/or service condition(s) (in years and/or months)       3 years    
Maximum dollar amount which may be received by any single participant during any specified period       $ 5,000,000    
Compensation cost related to share-based compensation plan awards       10,300,000 $ 8,200,000 $ 13,400,000
Tax benefits recognized in income related to award expense       3,600,000 $ 2,900,000 4,700,000
Total unrecognized compensation cost related to share-based compensation plan awards pertaining to open performance periods       $ 7,600,000    
Expected period of recognition related to unrecognized compensation cost (in years)       2 years    
Long-term incentive plan (LTIP) | Class A            
Incentive and deferred compensation plans            
Maximum number of shares authorized for grant (in shares)       1,500,000    
Maximum number of shares which may be received by any single participant during any specified period (in shares)       250,000    
Average price per share for shares purchased (in dollars per share)       $ 122.40 $ 98.20  
Total cost of shares purchased outside of publicly announced stock repurchase program       $ 5,700,000 $ 800,000  
Long-term incentive plan (LTIP) | Class A | Performance shares            
Incentive and deferred compensation plans            
Shares purchased outside of publicly announced stock repurchase program for share-based compensation awards (in shares)       46,884 7,661  
Long-term incentive plan (LTIP) | 2015-2017 LTIP performance period            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards       $ 8,400,000    
Long-term incentive plan (LTIP) | 2014-2016 LTIP performance period            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards $ 4,700,000          
Long-term incentive plan (LTIP) | 2014-2016 LTIP performance period | Class A            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards $ 5,900,000          
Average price per share for shares delivered (in dollars per share) $ 126.21          
Long-term incentive plan (LTIP) | 2014-2016 LTIP performance period | Class A | Performance shares            
Incentive and deferred compensation plans            
Shares purchased outside of publicly announced stock repurchase program for share-based compensation awards (in shares) 46,884          
Long-term incentive plan (LTIP) | 2013-2015 LTIP performance period            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards     $ 12,600,000      
Long-term incentive plan (LTIP) | 2013-2015 LTIP performance period | Class A            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards     $ 700,000      
Average price per share for shares delivered (in dollars per share)     $ 96.64      
Long-term incentive plan (LTIP) | 2013-2015 LTIP performance period | Class A | Performance shares            
Incentive and deferred compensation plans            
Shares purchased outside of publicly announced stock repurchase program for share-based compensation awards (in shares)     7,661      
Incentive compensation deferral plan            
Incentive and deferred compensation plans            
Vesting percent of the grant in Class A common stock (as a percent)       100.00%    
Payment period for vested share credits (in years)       3 years    
Stock compensation plan for outside directors            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards       $ 900,000 $ 500,000 $ 1,900,000
Stock compensation plan for outside directors | Class A            
Incentive and deferred compensation plans            
Average price per share for shares purchased (in dollars per share)       $ 121.85 $ 99.23 $ 94.99
Total cost of shares purchased outside of publicly announced stock repurchase program       $ 1,200,000 $ 700,000 $ 9,000,000
Stock compensation plan for outside directors | Class A | Performance shares            
Incentive and deferred compensation plans            
Shares purchased outside of publicly announced stock repurchase program for share-based compensation awards (in shares)       9,663 7,432 94,938
Stock compensation plan for outside directors | Three month vesting period | Class A            
Incentive and deferred compensation plans            
Vesting period of performance and/or service condition(s) (in years and/or months)       3 months    
Vesting percent of the grant in Class A common stock (as a percent)       25.00%    
Equity compensation plan (ECP)            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards       $ 200,000 $ 800,000 $ 400,000
Total unrecognized compensation cost related to share-based compensation plan awards pertaining to open performance periods       $ 500,000    
Expected period of recognition related to unrecognized compensation cost (in years)       3 years    
Equity compensation plan (ECP) | Class A            
Incentive and deferred compensation plans            
Maximum number of shares authorized for grant (in shares)       100,000    
Maximum number of shares which may be received by any single participant during any specified period (in shares)       5,000    
Average price per share for shares purchased (in dollars per share)       $ 111.55    
Total cost of shares purchased outside of publicly announced stock repurchase program       $ 400,000    
Equity compensation plan (ECP) | Class A | Performance shares            
Incentive and deferred compensation plans            
Shares purchased outside of publicly announced stock repurchase program for share-based compensation awards (in shares)       3,785    
Equity compensation plan (ECP) | 2017 ECP performance period | Class A            
Incentive and deferred compensation plans            
Restricted stock units granted       4,000    
Equity compensation plan (ECP) | 2016 ECP performance period | Class A            
Incentive and deferred compensation plans            
Restricted stock units granted         4,500  
Equity compensation plan (ECP) | 2015 ECP performance period | Class A            
Incentive and deferred compensation plans            
Restricted stock units granted           5,500
Equity compensation plan (ECP) | 2014 ECP performance period | Class A            
Incentive and deferred compensation plans            
Compensation cost related to share-based compensation plan awards   $ 400,000        
Average price per share for shares delivered (in dollars per share)   $ 109.41        
Equity compensation plan (ECP) | 2014 ECP performance period | Class A | Performance shares            
Incentive and deferred compensation plans            
Shares purchased outside of publicly announced stock repurchase program for share-based compensation awards (in shares)   3,785        
Erie Insurance Exchange (EIE) | Long-term incentive plan (LTIP)            
Incentive and deferred compensation plans            
Incentive plan compensation cost reimbursed to Indemnity from the Exchange and its subsidiaries (as a percent)       41.00%    
Erie Insurance Exchange (EIE) | Equity compensation plan (ECP)            
Incentive and deferred compensation plans            
Incentive plan compensation cost reimbursed to Indemnity from the Exchange and its subsidiaries (as a percent)       38.00%