XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Share-Based Payment Arrangements | 9 Months Ended
--- | ---
Sep. 30, 2018
Share-Based Payment Arrangements [Abstract] |
Share-Based Payment Arrangements | 13. Share-Based Payment Arrangements The Company 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 17 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. A summary of stock option activity for the nine months ended September 30, 2018 is presented below:
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  | Weighted |  |  |
﻿ |  |  |  |  |  |  | Average |  |  |
﻿ |  |  |  | Weighted |  | Remaining |  |  |
﻿ |  |  |  | Average |  | Contractual |  | Aggregate
﻿ |  | Number of |  | Exercise |  | Term |  | Intrinsic
﻿Options |  | Shares |  | Price |  | (Years) |  | Value ($000)
﻿Outstanding at January 1, 2018 |  | 88,301 |  | $ | 34.84 |  | 2.8 |  | $ | 1,294
﻿Exercised/Released |  | (35,317) |  |  | 37.39 |  |  |  |  | 592
﻿Cancelled/Forfeited |  | — |  |  | — |  |  |  |  | —
﻿Expired |  | (2,298) |  |  | 44.91 |  |  |  |  | 10
﻿Outstanding at September 30, 2018 |  | 50,686 |  | $ | 32.61 |  | 2.6 |  | $ | 757
﻿Exercisable at September 30, 2018 |  | 50,686 |  | $ | 32.61 |  | 2.6 |  | $ | 757
﻿ ﻿ The total intrinsic value of options exercised for the nine months ended September 30, 2018 and 2017 was $0.6 million and $4.1 million, respectively. The Company’s restricted and performance-based share awards to certain employees and directors are subject to service requirements. A summary of the status of the Company’s nonvested restricted and performance-based share awards as of September 30, 2018 and changes during the nine months ended September 30, 2018, are presented in the following table.
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ |  |  |  |  | Weighted
﻿ |  |  |  |  | Average
﻿ |  | Number of |  |  | Grant Date
﻿ |  | Shares |  |  | Fair Value
﻿Nonvested at January 1, 2018 |  | 1,708,942 |  | $ | 37.05
﻿Granted |  | 94,958 |  |  | 49.57
﻿Vested |  | (41,502) |  |  | 31.85
﻿Forfeited |  | (60,859) |  |  | 36.79
﻿Nonvested at September 30, 2018 |  | 1,701,539 |  | $ | 37.88
﻿ ﻿ As of September 30, 2018, there was $39.0 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 2.97 years. The total fair value of shares which vested during the nine months ended September 30, 2018 and 2017 was $2.0 million and $10.1 million, respectively. During the nine months ended September 30, 2018, the Company granted 2 6,147 performance share awards subject to a total shareholder return (“TSR”) performance metric with a grant date fair value of $51.13 per share and 2 6,147 performance shares subject to an operating earnings per share performance metric with a grant date fair value of $44.84 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 4 3 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.

X
- 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 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration