Share-Based Compensation

3 Months Ended

Mar. 31, 2018


16.	Share-Based Compensation

Our share-based compensation plans are described in Note 17 of our annual report on Form 10-K for the year ended December 31, 2017. During the three months ended March 31, 2018 and 2017, we recognized total Share-Based Compensation Expense of $2,748 and $2,573, respectively. The total excess tax benefit recognized for share-based compensation arrangements during the three months ended March 31, 2018 and 2017 was $27 and $402, respectively.

During the first three months of 2018, we issued 16,377 restricted shares. The weighted average grant date fair value of each share awarded was $67.70. 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 three months ended March 31, 2018 and 2017 was $794 and $625, respectively.