Share-Based Compensation

9 Months Ended

Sep. 30, 2014


14.	Share-Based Compensation

Our share-based compensation plans are described in Note 15 of our 2013 annual report on Form 10-K. During the three months ended September 30, 2014 and 2013 we recognized total Share-Based Compensation Expense of $1,505 and $1,667, respectively. During the nine months ended September 30, 2014 and 2013 we recognized total Share-Based Compensation Expense of $5,261 and $5,106, respectively. The total excess tax benefit recognized for share-based compensation arrangements during the nine months ended September 30, 2014 and 2013 was $1,620 and $2,944, respectively.

During the first nine months of 2014, we granted 20,868 restricted shares. The weighted average grant date fair value of each share awarded was $62.18. Restricted share awards generally have a three year vesting period from the effective date of the grant. The total fair value of shares vested during the nine months ended September 30, 2014 and 2013 was $827 and $643, respectively.

- 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.

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