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Share-Based Payment Arrangements | 3 Months Ended
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Mar. 31, 2017
Share-Based Payment Arrangements [Abstract] |
Share-Based Payment Arrangements | 12. Share-Based Payment Arrangements Hancock maintains incentive compensation plans that provide for awards of share-based compensation to employees and directors. These plans have been approved by the Company’s shareholders. Detailed descriptions of these plans were included in Note 16 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Effective January 1, 2017, the Company prospectively adopted accounting guidance intended to improve the accounting for employee share-based payments. The Company elected to account for forfeitures as they occur. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. A summary of option activity for the three months ended March 31, 201 7 is presented below.
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﻿ |  |  |  |  |  |  | Weighted |  |  |
﻿ |  |  |  |  |  |  | Average |  |  |
﻿ |  |  |  | Weighted |  | Remaining |  |  |
﻿ |  |  |  | Average |  | Contractual |  | Aggregate
﻿ |  | Number of |  | Exercise |  | Term |  | Intrinsic
﻿Options |  | Shares |  | Price |  | (Years) |  | Value ($000)
﻿Outstanding at January 1, 2017 |  | 456,258 |  | $ | 35.91 |  |  |  | $ | 3,734
﻿Exercised/Released |  | (256,611) |  |  | 33.71 |  |  |  |  | 3,270
﻿Cancelled/Forfeited |  | (538) |  |  | 32.09 |  |  |  |  | 6
﻿Expired |  | (689) |  |  | 44.91 |  |  |  |  |
﻿Outstanding at March 31, 2017 |  | 198,420 |  | $ | 38.74 |  | 2.91 |  | $ | 1,728
﻿Exercisable at March 31, 2017 |  | 177,151 |  | $ | 39.83 |  | 2.64 |  | $ | 1,392
﻿ The total intrins ic value of options exercised for the three months ended March 31, 2017 was $3.3 million. There was no total intrinsic value of options exercised for the three months ended March 31, 2016. The restricted and performance shares in the table below are subject to service requirements. A summary of the status of the Company’s nonvested restricted and performance shares as of March 31, 2017 and changes during the three months ended March 31, 2017, is presented in the following table.
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﻿ |  |  |  |  | Weighted
﻿ |  |  |  |  | Average
﻿ |  | Number of |  |  | Grant Date
﻿ |  | Shares |  |  | Fair Value
﻿Nonvested at January 1, 2017 |  | 2,152,119 |  | $ | 32.12
﻿Granted |  | 49,558 |  |  | 40.82
﻿Vested |  | (9,607) |  |  | 31.81
﻿Forfeited |  | (20,446) |  |  | 32.51
﻿Nonvested at March 31, 2017 |  | 2,171,624 |  | $ | 32.32
﻿ As of March 31, 2017, there was $52.7 million of total unrecognized compensation expense related to nonvested restricted and performance shares expected to vest. This compensation is expected to be recognized in expense over a weighted average period of 3.4 years. The total fair value of shares which vested during the three months ended March 31, 2017 and 2016 was $0.5 million and $0.9 million, respectively. During the three months ended March 31, 2017, the Company granted 23,489 performance shares subject to a total shareholder return (“TSR”) performance metric with a grant date fair value of $42.92 per share and 23,489 performance shares subject to a core earnings per share performance metric with a grant date fair value of $38.26 per share to key members of executive management. The number of performance shares subject to TSR that ultimately vest at the end of the three-year performance period, if any, will be based on the relative rank of the Company’s three-year TSR among the TSRs of a peer group of 44 regional banks. The fair value of the performance shares subject to TSR at the grant date was determined using a Monte Carlo simulation method. The number of performance shares subject to core earnings per share that ultimately vest will be based on the Company’s attainment of certain core earnings per share goals over the two-year performance period. The maximum number of performance shares that could vest is 200% of the target award. Compensation expense for these performance shares is recognized on a straight-line basis over the three-year service period.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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