Subsequent Events

12 Months Ended

Dec. 31, 2016

19.	Subsequent Events

In January 2017, the Company awarded the following:

297,685 shares of restricted stock to certain employees. The fair value of the stock award on the date of grant totaled $3,066, which will be recognized as expense, less actual forfeitures as they occur, on a straight-line basis over the three-year vesting period.

147,950 units of phantom shares to certain employees. The fair value of the phantom shares on the date of grant totaled $1,524. Compensation expense for these shares will be recognized over the three-year vesting period. The amount of compensation expense recognized each period will be based on the fair value of the Company’s common stock at the end of each period.

In January 2017, the Company repaid $3,250 under its Amended Credit Agreement.