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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Impact of Stock-Based Compensation in Consolidated and Combined Statements of Income
Stock-based compensation expense and the associated tax benefits impacting our Consolidated and Combined Statements of Income were as follows:


Year Ended December 31,
(In thousands)

2016
 
2015
Compensation costs for equity-based awards

$
3,982

 
$
6,250

Compensation costs for liability-based awards

667

 
408

Total compensation costs, pre-tax

$
4,649

 
$
6,658

Future tax benefit

$
1,654

 
$
2,373

Schedule of Non-Qualified Stock Options, Activity
A summary of the status of our NQOs as of December 31, 2016, 2015 and 2014 and changes during the years then ended is presented below:


Year Ended December 31,


2016

2015

2014
(In thousands, except per share data)

Shares
 
Weighted Average Exercise Price Per Share
 
Shares
 
Weighted Average Exercise Price Per Share
 
Shares
 
Weighted Average Exercise Price Per Share
Outstanding at January 1,

486

 
$19.25
 
446

 
$17.43
 

 

Granted

87

 
$20.06
 
58

 
$31.52
 

 

Exercised

(158
)
 
$13.63
 
(18
)
 
$13.37
 

 

Forfeited, canceled or expired

(31
)
 
$22.51
 

 
$0.00
 

 

Outstanding at Spin-off


 
$0.00
 

 
$0.00
 

 
$

Conversion related to the Spin-off ¹


 
$0.00
 

 
$0.00
 
275

 
$14.83
Post Spin-off activities

 
 
 
 
 
 
 
 
 
 
 
Granted


 
$0.00
 

 
$0.00
 
171

 
$20.62
Outstanding at December 31,

384

 
$21.47
 
486

 
$19.25
 
446

 
$17.43
Options exercisable at December 31,

214

 
$20.35
 
212

 
$16.13
 
47

 
$13.12













¹ The weighted average grant date fair value of the stock options converted is equal to the weighted average grant date fair value of such stock options prior to the Spin-off, reduced by the Spin-off conversion adjustment.
Schedule of Non-Qualified Stock Options Outstanding and Exercisable
The following table summarizes information about NQOs outstanding and exercisable as of December 31, 2016:
(In thousands, except per share data)
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices Per Share
 
Number
 
Weighted Average Remaining Contractual Life (In Years)
 
Weighted Average Exercise Price Per Share
 
Aggregate Intrinsic Value
 
Number
 
Weighted Average Remaining Contractual Life (In Years)
 
Weighted Average Exercise Price Per Share
 
Aggregate Intrinsic Value
$12.94 - $20.62
 
283

 
7.78
 
$
19.09

 
$
1,344

 
163

 
7.20
 
$
18.19

 
$
919

$22.16 - $32.04
 
101

 
7.67
 
28.10

 

 
51

 
7.49
 
27.21

 

Total options and aggregate intrinsic value
 
384

 
7.75
 
$
21.47

 
$
1,344

 
214

 
7.27
 
$
20.35

 
$
919

Schedule of Weighted Average Assumptions
The following weighted-average assumptions were utilized in deriving the fair value for NQOs:
 
 
Year Ending December 31,
 

2016
 
2015
 
2014
Expected volatility
 
30.2
%
 
34.1
%
 
34.6
%
Expected life (in years)

7

 
7

 
7

Risk-free rates

1.69
%
 
2.00
%
 
2.07
%
Weighted-average grant date fair value per share

$
7.06

 
$
12.42

 
$
8.24

Schedule of Restricted Stock Units, Activity
The table below provides a roll-forward of outstanding RSUs subsequent to the Spin-off.


Year Ended December 31,


2016

2015

2014
(In thousands, except per share data)

Shares
 
Weighted Average Grant Date Fair Value Per Share
 
Shares
 
Weighted Average Grant Date Fair Value Per Share
 
Shares
 
Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1,

350

 
$
22.47

 
423

 
$
19.28

 
 
 
 
Granted

181

 
$
21.25

 
104

 
$
26.69

 
 
 
 
Vested

(206
)
 
$
20.56

 
(171
)
 
$
19.03

 
 
 
 
Forfeited or canceled

(40
)
 
$
22.68

 
(6
)
 
$
19.86

 
 
 
 
Outstanding at Spin-off


 
$

 

 
$

 

 
$0.00
Conversion related to the Spin-off


 
$

 

 
$

 
240

 
$17.61
Post Spin-off activities

 
 
 
 
 
 
 
 
 
 
 
Granted


 
$

 

 
$

 
203

 
$20.62
Vested


 
$

 

 
$

 
(20
)
 
$13.03
Forfeited or canceled


 
$

 

 
$

 

 
$0.00
Outstanding at December 31,

285

 
$
23.01

 
350

 
$
22.47

 
423

 
$19.28