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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Share-Based Compensation Expense

The following table summarizes share-based compensation expense:

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2017

 

 

2016

 

Performance unit incentive plan (“PUP”)

 

$

1,316

 

 

$

535

 

Restricted stock

 

 

623

 

 

 

498

 

Restricted stock units

 

 

60

 

 

 

33

 

Share-based compensation before income tax benefit

 

 

1,999

 

 

 

1,066

 

Income tax benefit

 

 

(744

)

 

 

(398

)

Share-based compensation, net of income tax benefit

 

$

1,255

 

 

$

668

 

 

Summary of Activity of the Outstanding Share-Based Compensation Awards

The following table summarizes the activity of the outstanding share-based compensation awards:

 

 

 

Restricted Stock

 

 

PUP Awards

 

 

Restricted Stock Units

 

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

 

Balance at December 31, 2016

 

 

267,051

 

 

$

25.96

 

 

 

255,505

 

 

$

26.11

 

 

 

15,982

 

 

$

25.58

 

Granted

 

 

55,217

 

 

$

46.92

 

 

 

72,642

 

 

$

47.45

 

 

 

2,950

 

 

$

47.45

 

Vested

 

 

(73,553

)

 

$

23.85

 

 

 

(76,082

)

 

$

23.66

 

 

 

(6,182

)

 

$

25.05

 

Forfeited

 

 

(1,000

)

 

$

27.09

 

 

 

 

 

$

 

 

 

 

 

$

 

Balance at March 31, 2017

 

 

247,715

 

 

$

31.26

 

 

 

252,065

 

 

$

32.99

 

 

 

12,750

 

 

$

30.90