XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Share-Based Payments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Employee Non-vested Shares [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | The following tables summarize the Company’s employee non-vested share activity and related information:
| Three months ended September 30, 2017
|  |  | Weighted- |  | Aggregate
| Non-vested |  | Average |  | Grant Date
| Shares |  | Grant Date |  | Fair Value
| (000) |  | Fair Value |  | (000)
Outstanding and non-vested at June 30, 2017 | 232 |  |  | $ | 47 |  |  |
Granted | 1 |  |  | 54 |  |  |
Vested | — |  |  | — |  |  |
Forfeited | (4 | ) |  | 47 |  |  |
Outstanding and non-vested at September 30, 2017 | 229 |  |  | $ | 47 |  |  | $ | 10,658 |
| Three months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for non-vested shares | $ | 1,243 |  |  | $ | 1,176 |
Tax benefit for non-vested share compensation | $ | 444 |  |  | $ | 434 |
Unrecognized compensation cost for non-vested shares, net of estimated forfeitures | $ | 7,410 |  |  | $ | 7,147 |
Weighted average period over which unrecognized compensation will be recognized (years) | 1.9 |  |  |
| Nine months ended September 30, 2017
|  |  | Weighted- |  | Aggregate
| Non-vested |  | Average |  | Grant Date
| Shares |  | Grant Date |  | Fair Value
| (000) |  | Fair Value |  | (000)
Outstanding and non-vested at December 31, 2016 | 222 |  |  | $ | 45 |  |  |
Granted | 127 |  |  | 48 |  |  |
Vested | (104 | ) |  | 45 |  |  |
Forfeited | (16 | ) |  | 47 |  |  |
Outstanding and non-vested at September 30, 2017 | 229 |  |  | $ | 47 |  |  | $ | 10,658 |
| Nine months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for non-vested shares | $ | 3,762 |  |  | $ | 3,434 |
Tax benefit for non-vested share compensation | $ | 1,343 |  |  | $ | 1,270 |
Unrecognized compensation cost for non-vested shares, net of estimated forfeitures | $ | 7,410 |  |  | $ | 7,147 |
Weighted average period over which unrecognized compensation will be recognized (years) | 1.9 |  |  |
Key Employee Performance Share Based Plan [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block] | The fair value of the performance shares was estimated using a Monte Carlo simulation. The weighted average assumptions used in the Monte Carlo estimate were as follows:
| Nine months ended
| September 30, 2017 |  | September 30, 2016
Expected stock price volatility | 24.7 | % |  | 22.3 | %
Weighted average risk-free interest rate | 1.4 | % |  | 0.8 | %
The following tables summarize the Company’s employee performance share activity, assuming median share awards, and related information:
| Three months ended September 30, 2017
|  |  | Weighted- |  | Aggregate
| Performance |  | Average |  | Grant Date
| Shares |  | Grant Date |  | Fair Value
| (000) |  | Fair Value |  | (000)
Outstanding and non-vested at June 30, 2017 | 72 |  |  | $ | 57 |  |  |
Granted | 1 |  |  | 54 |  |  |
Forfeited | (4 | ) |  | $ | 57 |  |  |
Outstanding and non-vested at September 30, 2017 | 69 |  |  | $ | 57 |  |  | $ | 3,956 |
| Three months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for performance shares | $ | 249 |  |  | $ | 367 |
Tax benefit for performance share compensation | $ | 88 |  |  | $ | 136 |
Unrecognized compensation cost for performance shares, net of estimated forfeitures | $ | 1,740 |  |  | $ | 2,076 |
Weighted average period over which unrecognized compensation will be recognized (years) | 1.8 |  |  |
| Nine months ended September 30, 2017
|  |  | Weighted- |  | Aggregate
| Performance |  | Average |  | Grant Date
| Shares |  | Grant Date |  | Fair Value
| (000) |  | Fair Value |  | (000)
Outstanding and non-vested at December 31, 2016 | 80 |  |  | $ | 55 |  |  |
Granted | 26 |  |  | 56 |  |  |
Additional shares awarded based on performance | — |  |  | — |  |  |
Vested | — |  |  | — |  |  |
Forfeited | (37 | ) |  | 51 |  |  |
Outstanding and non-vested at September 30, 2017 | 69 |  |  | $ | 57 |  |  | $ | 3,956 |
| Nine months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for performance shares | $ | 689 |  |  | $ | 1,080 |
Tax benefit for performance share compensation | $ | 246 |  |  | $ | 400 |
Unrecognized compensation cost for performance shares, net of estimated forfeitures | $ | 1,740 |  |  | $ | 2,076 |
Weighted average period over which unrecognized compensation will be recognized (years) | 1.8 |  |  |
Nonemployee Director Nonvested Shares Granted Member |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | The following tables summarize the Company’s non-employee non-vested share activity and related information:
| Three months ended September 30, 2017
|  |  | Weighted- |  | Aggregate
| Non-vested |  | Average |  | Grant Date
| Shares |  | Grant Date |  | Fair Value
| (000) |  | Fair Value |  | (000)
Outstanding and non-vested at June 30, 2017 | 10 |  |  | $ | 51 |  |  |
Granted | 4 |  |  | 54 |  |  |
Vested | — |  |  | — |  |  |
Forfeited | (1 | ) |  | $ | 51 |  |  |
Outstanding and non-vested at September 30, 2017 | 13 |  |  | $ | 52 |  |  | $ | 656 |
| Three months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for non-vested shares | $ | 153 |  |  | $ | 173 |
Tax benefit for non-vested share compensation | $ | 54 |  |  | $ | 64 |
Unrecognized compensation cost for non-vested shares, net of estimated forfeitures | $ | 430 |  |  | $ | 419 |
Weighted average period over which unrecognized compensation will be recognized (years) | 0.6 |  |  |
| Nine months ended September 30, 2017
|  |  | Weighted- |  | Aggregate
| Non-vested |  | Average |  | Grant Date
| Shares |  | Grant Date |  | Fair Value
| (000) |  | Fair Value |  | (000)
Outstanding and non-vested at December 31, 2016 | 16 |  |  | $ | 44 |  |  |
Granted | 14 |  |  | 52 |  |  |
Vested | (16 | ) |  | 44 |  |  |
Forfeited | (1 | ) |  | 51 |  |  |
Outstanding and non-vested at September 30, 2017 | 13 |  |  | $ | 52 |  |  | $ | 656 |
| Nine months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for non-vested shares | $ | 470 |  |  | $ | 555 |
Tax benefit for non-vested share compensation | $ | 167 |  |  | $ | 198 |
Unrecognized compensation cost for non-vested shares, net of estimated forfeitures | $ | 430 |  |  | $ | 419 |
Weighted average period over which unrecognized compensation will be recognized (years) | 0.6 |  |  |
Employee Stock Option [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Activity [Table Text Block] | The weighted-average fair value of options granted and assumptions used to estimate their fair value during the nine months ended September 30, 2017 and 2016 were as follows:
| Three months ended
| September 30, 2017 |  | September 30, 2016
Expected dividend yield | 1.3 | % |  | — | %
Expected stock price volatility | 28.7 | % |  | — | %
Weighted average risk-free interest rate | 2.0 | % |  | — | %
Expected life of options (years) | 6.0 |  |  | 0 |
Weighted average grant date fair value | $ | 14 |  |  | $ | — |
| Nine months ended
| September 30, 2017 |  | September 30, 2016
Expected dividend yield | 1.3 | % |  | 1.0 | %
Expected stock price volatility | 28.7 | % |  | 29.0 | %
Weighted average risk-free interest rate | 2.0 | % |  | 1.3 | %
Expected life of options (years) | 6.0 |  |  | 6.0 |
Weighted average grant date fair value | $ | 13 |  |  | $ | 12 |
The following tables summarize the Company’s employee stock option activity and related information:
| Three months ended September 30, 2017
|  |  |  |  |  |  | Weighted-
|  |  | Weighted- |  | Aggregate |  | Average
|  |  | Average |  | Intrinsic |  | Remaining
| Options |  | Exercise |  | Value |  | Contractual
| (000) |  | Price |  | (000) |  | Term
Outstanding at June 30, 2017 | 507 |  |  | $ | 44 |  |  |  |  |
Granted | 5 |  |  | 54 |  |  |  |  |
Exercised | (18 | ) |  | 41 |  |  |  |  |
Forfeited | (22 | ) |  | 47 |  |  |  |  |
Outstanding at September 30, 2017 | 472 |  |  | $ | 44 |  |  | $ | 3,963 |  |  | 4.5
Exercisable at September 30, 2017 | 255 |  |  | $ | 42 |  |  | $ | 2,671 |  |  | 3.3
| Three months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for options | $ | 294 |  |  | $ | 377 |
Tax benefit for option compensation | $ | 105 |  |  | $ | 140 |
Unrecognized compensation cost for options, net of estimated forfeitures | $ | 1,909 |  |  | $ | 2,036 |
Weighted average period over which unrecognized compensation will be recognized (years) | 1.9 |  |  |
| Nine months ended September 30, 2017
|  |  |  |  |  |  | Weighted-
|  |  | Weighted- |  | Aggregate |  | Average
|  |  | Average |  | Intrinsic |  | Remaining
| Options |  | Exercise |  | Value |  | Contractual
| (000) |  | Price |  | (000) |  | Term
Outstanding at December 31, 2016 | 564 |  |  | $ | 41 |  |  |  |  |
Granted | 123 |  |  | 48 |  |  |  |  |
Exercised | (169 | ) |  | 34 |  |  |  |  |
Forfeited | (46 | ) |  | 46 |  |  |  |  |
Outstanding at September 30, 2017 | 472 |  |  | $ | 44 |  |  | $ | 3,963 |  |  | 4.5
Exercisable at September 30, 2017 | 255 |  |  | $ | 42 |  |  | $ | 2,671 |  |  | 3.3
| Nine months ended
| September 30, 2017 |  | September 30, 2016
Share-based compensation for options | $ | 993 |  |  | $ | 1,101 |
Tax benefit for option compensation | $ | 354 |  |  | $ | 407 |
Unrecognized compensation cost for options, net of estimated forfeitures | $ | 1,909 |  |  | $ | 2,036 |
Weighted average period over which unrecognized compensation will be recognized (years) | 1.9 |  |  |

X
- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number, aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both performance-based awards (or share units) outstanding and performance-based awards (or share units) fully vested and expected to vest at the date of the latest statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PlanNameAxis=fwrd_EmployeeNonVestedSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=fwrd_KeyEmployeePerformanceShareBasedPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=fwrd_NonemployeeDirectorNonvestedSharesGrantedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |