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Share-Based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-based compensation expense and income tax benefits recognized during the periods | The following table provides information on share-based compensation expense and related income tax benefits recognized in 2018, 2017 and 2016:
|  | Years ended December 31,
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Stock option and stock purchase plans |  | $ | 7,703 |  |  | 7,869 |  |  | 7,244 |
Unvested stock awards |  | 17,249 |  |  | 11,098 |  |  | 11,420 |
Share-based compensation expense |  | 24,952 |  |  | 18,967 |  |  | 18,664 |
Income tax benefit |  | (4,615 | ) |  | (6,628 | ) |  | (6,644 | )
Share-based compensation expense, net of tax |  | $ | 20,337 |  |  | 12,339 |  |  | 12,020 |
Summary of stock option activity | The following is a summary of option activity under our stock option plans as of and for the year ended December 31, 2018:
|  | Shares |  | Weighted- Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
|  | (In thousands) |  |  |  | (In years) |  | (In thousands)
Options outstanding at January 1 |  | 1,717 |  |  | $ | 70.47 |  |  |  |  |
Granted |  | 347 |  |  | 74.72 |  |  |  |  |
Exercised |  | (140 | ) |  | 55.99 |  |  |  |  |
Forfeited or expired |  | (62 | ) |  | 72.62 |  |  |  |  |
Options outstanding at December 31 |  | 1,862 |  |  | $ | 72.28 |  |  | 7.0 |  | $ | — |
Vested and expected to vest at December 31 |  | 1,803 |  |  | $ | 72.25 |  |  | 7.2 |  | $ | — |
Exercisable at December 31 |  | 1,093 |  |  | $ | 72.74 |  |  | 6.1 |  | $ | — |
Summary of nonvested stock awards | The following is a summary of the status of Ryder’s unvested restricted stock awards as of and for the year ended December 31, 2018:
|  | Time-Vested |  | Market-Based |  | Performance-Based
|  | Shares |  | Weighted- Average Grant Date Fair Value |  | Shares |  | Weighted- Average Grant Date Fair Value |  | Shares |  | Weighted- Average Grant Date Fair Value
|  | (In thousands) |  |  |  | (In thousands) |  |  |  | (In thousands) |  |
Unvested stock outstanding at January 1 |  | 433 |  | $ | 65.91 |  |  | 92 |  | $ | 68.26 |  |  | 94 |  | $ | 78.91 |
Granted |  | 173 |  | 74.05 |  |  | — |  | — |  |  | 200 |  | 73.88 |
Vested (1) |  | (89) |  | 79.02 |  |  | (7) |  | 89.40 |  |  | (20) |  | 78.58 |
Forfeited (2) |  | (29) |  | 70.92 |  |  | (17) |  | 75.14 |  |  | (45) |  | 76.02 |
Unvested stock outstanding at December 31 |  | 488 |  | $ | 66.11 |  |  | 68 |  | $ | 64.26 |  |  | 229 |  | $ | 73.41 |
(1) Includes awards attained above target. (2) Includes awards canceled due to employee terminations or performance and market conditions not being achieved.
Schedule of weighted-average exercise price, ESPP | The following table presents the weighted-average exercise price for shares granted and exercised under the ESPP:
|  | Years ended December 31,
|  | 2018 |  | 2017 |  | 2016
Shares granted and exercised |  | 199,000 |  |  | 160,000 |  |  | 192,000 |
Weighted average exercise plan |  | $ | 54.89 |  |  | $ | 66.72 |  |  | $ | 56.17 |
Weighted-average assumptions used for options granted | The following table presents the weighted-average assumptions used for options granted:
|  | Years ended December 31,
|  | 2018 |  | 2017 |  | 2016
Expected dividends |  | 2.8% |  | 2.3% |  | 3.0%
Expected volatility |  | 29.4% |  | 28.5% |  | 35.2%
Risk-free rate |  | 2.7% |  | 1.9% |  | 1.1%
Expected term in years |  | 4.4 years |  | 4.4 years |  | 4.3 years
Grant-date fair value |  | $ | 15.89 |  |  | $ | 15.71 |  |  | $ | 12.53 |

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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