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SHARE-BASED COMPENSATION PLANS | 6 Months Ended
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Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
SHARE-BASED COMPENSATION PLANS | SHARE-BASED COMPENSATION PLANS Share-based incentive awards are provided to employees under the terms of various share-based compensation plans (collectively, the “Plans”). The Plans are administered by the Compensation Committee of the Board of Directors and principally include at-the-money stock options, unvested stock and cash awards. Unvested stock awards include grants of market-based, performance-based and time-vested restricted stock rights. Under the terms of our Plans, dividends are not paid unless the stock award vests. Upon vesting, the amount of the dividends paid is equal to the aggregate dividends declared on common shares during the period from the grant date of the award until the date the shares underlying the award are delivered. The following table provides information on share-based compensation expense and income tax benefits recognized during the periods:
| Three months ended June 30, |  | Six months ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (In thousands)
Stock option and stock purchase plans | $ | 1,895 |  |  | 1,953 |  |  | $ | 3,771 |  |  | 3,858 |
Unvested stock | 4,415 |  |  | 3,154 |  |  | 7,881 |  |  | 6,204 |
Share-based compensation expense | 6,310 |  |  | 5,107 |  |  | 11,652 |  |  | 10,062 |
Income tax benefit | (1,068 | ) |  | (1,760 | ) |  | (2,229 | ) |  | (3,482 | )
Share-based compensation expense, net of tax | $ | 5,242 |  |  | 3,347 |  |  | $ | 9,423 |  |  | 6,580 |
The compensation expense associated with cash awards was not material for the three and six months ended June 30, 2018 and 2017. Total unrecognized pre-tax compensation expense related to all share-based compensation arrangements at June 30, 2018, was $38 million and is expected to be recognized over a weighted-average period of 2.0 years. The following table is a summary of the awards granted under the Plans during the periods presented:
| Six months ended June 30,
| 2018 |  | 2017
| (Shares in thousands)
Stock options | 347 |  |  | 465 |
Market-based restricted stock rights | — |  |  | 46 |
Performance-based restricted stock rights | 200 |  |  | 79 |
Time-vested restricted stock rights | 167 |  |  | 107 |
Total | 714 |  |  | 697 |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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- References No definition available. + Details
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