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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in thousands)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Performance unit incentive plan (“PUP”)

 

$

1,927

 

 

$

816

 

 

$

3,243

 

 

$

1,351

 

Restricted stock

 

 

774

 

 

 

576

 

 

 

1,397

 

 

 

1,074

 

Restricted stock units

 

 

47

 

 

 

41

 

 

 

107

 

 

 

74

 

Share-based compensation before income tax benefit

 

 

2,748

 

 

 

1,433

 

 

 

4,747

 

 

 

2,499

 

Income tax benefit

 

 

(1,028

)

 

 

(540

)

 

 

(1,772

)

 

 

(938

)

Share-based compensation, net of income tax benefit

 

$

1,720

 

 

$

893

 

 

$

2,975

 

 

$

1,561

 

 

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

 

 

64,098

 

 

$

46.59

 

 

 

72,642

 

 

$

47.45

 

 

 

2,950

 

 

$

47.45

 

Vested

 

 

(73,553

)

 

$

23.85

 

 

 

(76,082

)

 

$

23.66

 

 

 

(6,182

)

 

$

25.05

 

Forfeited

 

 

(3,096

)

 

$

31.68

 

 

 

(1,416

)

 

$

31.68

 

 

 

 

 

$

 

Balance at June 30, 2017

 

 

254,500

 

 

$

31.70

 

 

 

250,649

 

 

$

33.00

 

 

 

12,750

 

 

$

30.90