Incentive Plan (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Compensation Activity Related to the Management Incentive Plan

The following table reflects compensation activity related to the management incentive plan for the nine-month period ending September 30, 2017 (dollar amounts in thousands):

	Compensation expense for three months ended September 30, 2017		Compensation expense for nine months ended September 30, 2017		Unrecognized compensation expense		Weighted average remaining life	Fair value of share based awards vested
Restricted stock	$	4,880	$	13,708	$	36,744	1.9	$	101
Restricted stock options	$	1,011	$	2,907	$	9,320	9.3	$	—

Summary of Stock Options Outstanding

The following table reflects changes during the nine-month period and a summary of stock options outstanding at September 30, 2017:

					Weighted
					Average
			Weighted		Remaining	Aggregate
	Number of		Average		Contractual	Intrinsic
	Options		Exercise		Term	Value
	Granted		Price		(Years)	(000's)
Non-statutory stock options:
Outstanding, beginning of period	323,770		$	36.55
Options granted	333,484		41.80
Options forfeited	(2,158	)	36.55
Options exercised	—		—
Outstanding, end of period	655,096		$	39.22	9.3	$	—
Exercisable, end of period	1,080		$	36.55	9.2	$	—
Vested or expected to vest, end of period	655,096		$	39.22	9.3	$	—

Summary of Non-Vested Stock Units

A summary of the status of Basic’s non-vested restricted stock units at September 30, 2017 and changes during the nine months ended September 30, 2017 is presented in the following table:

			Weighted Average
	Number of		Grant Date Fair
Non-vested Units	Shares		Value Per Share
Non-vested at beginning of period	539,606		$	36.55
Granted during period	860,402		41.37
Vested during period	(2,698	)	36.55
Forfeited during period	(2,698	)	36.55
Non-vested at end of period	1,394,612		$	39.53