XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.19.2

Share-Based Payments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Employee Stock Option [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Share-based Compensation, Activity [Table Text Block] |
The following tables summarize the Company’s employee stock option activity and related information:
| Six months ended June 30, 2019
|  |  |  |  |  |  | Weighted-
|  |  | Weighted- |  |  |  | Average
|  |  | Average |  | Aggregate |  | Remaining
|  |  | Exercise |  | Intrinsic |  | Contractual
| Options |  | Price |  | Value |  | Term
Outstanding at December 31, 2018 | 538 |  |  | $ | 51 |  |  |  |  |
Exercised | (27 | ) |  | 47 |  |  |  |  |
Outstanding at June 30, 2019 | 511 |  |  | $ | 52 |  |  | $ | 4,970 |  |  | 4.2
Exercisable at June 30, 2019 | 299 |  |  | $ | 46 |  |  | $ | 4,508 |  |  | 3.2
| Six months ended
| June 30, 2019 |  | June 30, 2018
Share-based compensation for options | $ | 850 |  |  | $ | 688 |
Tax benefit for option compensation | $ | 217 |  |  | $ | 172 |
Unrecognized compensation cost for options, net of estimated forfeitures | $ | 2,358 |  |  | $ | 2,243 |
Weighted average period over which unrecognized compensation will be recognized (years) | 1.7 |  |  |
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:
| Six months ended June 30, 2019
|  |  | Weighted- |  |
|  |  | Average |  | Aggregate
| Non-vested |  | Grant Date |  | Grant Date
| Shares |  | Fair Value |  | Fair Value
Outstanding and non-vested at December 31, 2018 | 315 |  |  | $ | 55 |  |  |
Granted | 111 |  |  | 59 |  |  |
Vested | (116 | ) |  | 61 |  |  |
Forfeited | (5 | ) |  | 55 |  |  |
Outstanding and non-vested at June 30, 2019 | 305 |  |  | $ | 58 |  |  | $ | 17,779 |
| Six months ended
| June 30, 2019 |  | June 30, 2018
Share-based compensation for non-vested shares | $ | 4,142 |  |  | $ | 2,965 |
Tax benefit for non-vested share compensation | $ | 1,056 |  |  | $ | 741 |
Unrecognized compensation cost for non-vested shares, net of estimated forfeitures | $ | 13,192 |  |  | $ | 13,371 |
Weighted average period over which unrecognized compensation will be recognized (years) | 2.0 |  |  |
Key Employee Performance Share Based Plan [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block] | The fair value of the performance shares granted based on the three year performance of the Company’s total shareholder return was estimated using a Monte Carlo simulation. The weighted average assumptions used in the Monte Carlo estimate were as follows:
| Six months ended
| June 30, 2019 |  | June 30, 2018
Expected stock price volatility | 23.4 | % |  | 24.3 | %
Weighted average risk-free interest rate | 2.5 | % |  | 2.2 | %
The following tables summarize the Company’s employee performance share activity, assuming median share awards, and related information:
| Six months ended June 30, 2019
|  |  | Weighted- |  |
|  |  | Average |  | Aggregate
| Performance |  | Grant Date |  | Grant Date
| Shares |  | Fair Value |  | Fair Value
Outstanding and non-vested at December 31, 2018 | 65 |  |  | $ | 58 |  |  |
Granted | 27 |  |  | 61 |  |  |
Vested | (23 | ) |  | 64 |  |  |
Outstanding and non-vested at June 30, 2019 | 69 |  |  | $ | 62 |  |  | $ | 4,318 |
| Six months ended
| June 30, 2019 |  | June 30, 2018
Share-based compensation for performance shares | $ | 717 |  |  | $ | 642 |
Tax benefit for performance share compensation | $ | 183 |  |  | $ | 161 |
Unrecognized compensation cost for performance shares, net of estimated forfeitures | $ | 2,436 |  |  | $ | 2,036 |
Weighted average period over which unrecognized compensation will be recognized (years) | 2.0 |  |  |
Employee Stock Purchase Plan [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block] | The following table summarizes the Company’s employee stock purchase activity and related information:
| Six months ended
| June 30, 2019 |  | June 30, 2018
Shares purchased by participants under plan | 5 |  |  | 5 |
Average purchase price | $ | 49 |  |  | $ | 52 |
Weighted-average fair value of each purchase right under the ESPP granted ¹ | $ | 10 |  |  | $ | 7 |
Share-based compensation for ESPP shares | $ | 52 |  |  | $ | 32 |
¹ Equal to the discount from the market value of the common stock at the end of each six month purchase period |  |  |
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:
| Six months ended June 30, 2019
|  |  | Weighted- |  |
|  |  | Average |  | Aggregate
| Non-vested |  | Grant Date |  | Grant Date
| Shares |  | Fair Value |  | Fair Value
Outstanding and non-vested at December 31, 2018 | 15 |  |  | $ | 59 |  |  |
Granted | 15 |  |  | 62 |  |  |
Vested | (15 | ) |  | 59 |  |  |
Outstanding and non-vested at June 30, 2019 | 15 |  |  | $ | 62 |  |  | $ | 920 |
| Six months ended
| June 30, 2019 |  | June 30, 2018
Share-based compensation for non-vested shares | $ | 483 |  |  | $ | 351 |
Tax benefit for non-vested share compensation | $ | 123 |  |  | $ | 88 |
Unrecognized compensation cost for non-vested shares, net of estimated forfeitures | $ | 784 |  |  | $ | 703 |
Weighted average period over which unrecognized compensation will be recognized (years) | 0.9 |  |  |

X
- Definition Tabular disclosure for share-based compensation plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of employee stock purchase plan activity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
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_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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