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Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Changes in Company's Nonvested Restricted Stock Awards

A summary of changes in the Company’s nonvested Restricted Stock Awards (“RSAs”) under the Omnibus Incentive Plan for the nine months ended September 30, 2018 were as follows:

						Weighted-Average
						Grant-Date
Nonvested RSAs		Shares				Fair Value
Nonvested at January 1, 2018			102,776			$	18.68
Granted			65,001				40.64
Vested			(63,995	)			20.38
Forfeited			(2,422	)			27.56
Nonvested at September 30, 2018			101,360			$	31.48

Summary of Changes in Company's Nonvested Restricted Stock Units

A summary of changes in the Company’s nonvested Restricted Stock Units (“RSUs”) under the Omnibus Incentive Plan for the nine months ended September 30, 2018 were as follows:

						Weighted-Average
						Grant-Date
Nonvested RSUs		Shares				Fair Value
Nonvested at January 1, 2018			—			$	—
Granted			59,658				38.75
Vested			—				—
Forfeited			—				—
Nonvested at September 30, 2018			59,658			$	38.75

Summary of Changes in Company's Nonvested Performance Stock Units

A summary of changes in the Company’s nonvested Performance Stock Units (“PSUs”) under the Omnibus Incentive Plan for the nine months ended September 30, 2018 were as follows:

						Weighted-Average
						Grant-Date
Nonvested PSUs		Shares				Fair Value
Nonvested at January 1, 2018			—			$	—
Granted			59,658				38.57
Vested			—				—
Forfeited			—				—
Nonvested at September 30, 2018			59,658			$	38.57

Schedule of Performance Stock Units, Valuation Assumptions

		Nine Months Ended
		September 30, 2018
Grant date		May 1, 2018
Performance period		5.00 Years
Stock price		$	38.85
Triumph stock price volatility			29.13	%
Risk-free rate			2.76	%

Summary of Changes in Company's Stock Options

A summary of the changes in the Company’s stock options under the Omnibus Incentive Plan for the nine months ended September 30, 2018 were as follows:

										Weighted-Average
										Remaining				Aggregate
						Weighted-Average				Contractual Term				Intrinsic Value
Stock Options		Shares				Exercise Price				(In Years)				(In Thousands)
Outstanding at January 1, 2018			185,328			$	18.97
Granted			51,952				38.75
Exercised			(2,556	)			17.16
Forfeited or expired			(3,186	)			18.98
Outstanding at September 30, 2018			231,538			$	23.43				8.22			$	3,448
Fully vested shares and shares expected to vest at September 30, 2018			231,538			$	23.43				8.22			$	3,448
Shares exercisable at September 30, 2018			75,550			$	17.73				7.69			$	1,547

Schedule of Information Related to Stock Options

Information related to the stock options for the nine months ended September 30, 2018 and 2017 was as follows:

		Nine Months Ended September 30,
(Dollars in thousands, except per share amounts)		2018				2017
Aggregate intrinsic value of options exercised		$	59			$	243
Cash received from option exercises			—				281
Tax benefit realized from options exercises			12				85
Weighted average fair value of options granted		$	13.22			$	8.71

Fair Value of Stock Options Granted Weighted-Average Assumptions

The fair value of the stock options granted was determined using the following weighted-average assumptions:

		Nine Months Ended September 30,
		2018				2017
Risk-free interest rate			2.85	%			2.11	%
Expected term		6.25 years				6.25 Years
Expected stock price volatility			28.07	%			29.70	%
Dividend yield			—				—

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Tabular disclosure of cash received from exercise of stock options and similar instruments granted under share-based payment arrangements and tax benefit from exercise of stock options.

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