Note 12, Stock-Based Compensation Plans:

We have issued and outstanding awards for Common Stock under two employee compensation plans, the 2014 Long Term Incentive Plan (the "2014 LTIP Plan") and the 2004 Long Term Incentive Plan (the "2004 LTIP Plan"). No new awards may be granted under the 2004 LTIP Plan. As of December 31, 2017, approximately 842,000 shares were available for awards and options under the 2014 LTIP Plan.

The following table summarizes our equity award activity during the years ended December 31, 2017, 2016 and 2015:

	Restricted Stock Award					Stock-Settled Appreciation Rights
	Shares or Units			Weighted-Average Award Price		Rights			Weighted-Average Award Price
Outstanding at December 31, 2014		321,322		$	20.49		129,975		$	16.04
Granted		176,135			23.97		—
Restrictions lapsed or exercised ⁽¹⁾		(147,595	)		18.94		(29,100	)		8.74
Forfeited or expired		(5,372	)		24.84		—
Outstanding at December 31, 2015		344,490		$	22.87		100,875		$	18.14
Granted		209,394			18.80		—
Restrictions lapsed or exercised		(140,864	)		20.55		—
Forfeited or expired		(15,700	)		20.45		—
Outstanding at December 31, 2016		397,320		$	21.64		100,875		$	18.14
Granted		199,382			22.00		—
Restrictions lapsed or exercised⁽¹⁾		(157,406	)		22.02		(43,875	)		18.14
Forfeited or expired		(5,032	)		20.09		—
Outstanding at December 31, 2017		434,264		$	21.69		57,000		$	18.14
Exercisable at December 31, 2017							57,000		$	18.14
Restricted units expected to vest		417,590		$	21.71
Exercisable at December 31, 2016							74,875		$	18.14
Exercisable at December 31, 2015							48,875		$	18.14

(1) The total intrinsic value of stock-settled appreciation rights exercised was approximately $457,000 in 2015 and $284,000 in 2017.

The fair value for stock-settled appreciation rights were estimated at the date of grant using a Black‑Scholes pricing model. The aggregate intrinsic value of vested and outstanding stock-settled appreciation rights at December 31, 2017 was approximately $257,000.

The total fair value of restricted common stock shares that vested in 2017, 2016 and 2015 was approximately $3,972,000, $2,577,000 and $3,097,000, respectively. The aggregate intrinsic value of outstanding restricted stock awards was $9,836,000 at December 31, 2017.

Grants of restricted common stock, restricted units, performance units and stock-settled appreciation rights have been made to certain officers and key employees under the 2004 and the 2014 LTIP Plan. The restrictions on the restricted units generally lapse or vest annually, primarily over four year periods. The performance units are based on one-year performance periods but cliff vest in three years from grant date. The compensation for all awards is being charged to selling, general and administrative expense over the respective grants' vesting periods, primarily on a straight-line basis, and was approximately $3,818,000, $3,872,000 and $4,033,000 in 2017, 2016 and 2015, respectively. The tax benefit recognized related to all awards was approximately $1,451,000, $1,471,000 and $1,533,000 in 2017, 2016 and 2015, respectively. As of December 31, 2017, the total compensation cost related to unvested equity awards was approximately $4,486,000 and is expected to be recognized over a weighted-average period of 2.3 years.