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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Compensation Expense

The following table summarizes stock option compensation expense for the nine months ended September 30, 2017 and 2016:

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

Total share-based compensation – stock options

 

$

857

 

 

$

553

 

Income tax benefit

 

 

348

 

 

 

 

Unrecognized compensation expense

 

 

1,074

 

 

 

1,431

 

Weighted-average amortization period remaining

 

 

1.2 years

 

 

 

2.0 years

 

 

Restricted Shares  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Compensation Expense

The following table summarizes restricted stock compensation expense for the nine months ended September 30, 2017:

 

 

Nine Months Ended September 30,

 

 

 

2017

 

Total share-based compensation - restricted stock

 

$

94

 

Income tax benefit

 

 

38

 

Unrecognized compensation expense

 

 

1,087

 

Weighted-average amortization period remaining

 

 

2.8 years

 

 

Omnibus Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Changes in Restricted Shares

The following table discloses the changes in restricted shares for the nine months ended September 30, 2017:

 

 

Omnibus Plan

 

 

 

Number of Shares

 

 

Weighted Average Grant Date Fair Value

 

Beginning balance

 

 

 

 

$

 

Granted

 

 

58,900

 

 

$

20.18

 

Vested

 

 

 

 

$

 

Forfeited

 

 

(400

)

 

$

20.18

 

Ending balance outstanding at September 30, 2017

 

 

58,500

 

 

$

20.18

 

 

BYB Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Fair Value Assumptions of Stock Options

The fair values of the stock options were determined using the Black-Scholes-Merton model for Time Options and a Monte Carlo simulation model for Performance Options. The fair values of options under the BYB Plan were determined using the following assumptions as of the grant dates:

 

 

Time Options Grants

 

 

 

2016

 

 

2015

 

Risk-free interest rate

 

1.34% - 1.40%

 

 

1.68% - 1.85%

 

Expected term (years)

 

5.2 - 5.6

 

 

5.7 - 6.3

 

Expected stock price volatility

 

 

20.39

%

 

16.18%-16.55%

 

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

Weighted average grant date fair value

 

$

3.55

 

 

$

2.25

 

 

 

 

Performance Options Grants

 

 

 

2016

 

 

2015

 

Risk-free interest rate

 

Implied forward rates

 

 

Implied forward rates

 

Expected term (years)

 

Variable

 

 

Variable

 

Expected stock price volatility

 

20.34% - 20.39%

 

 

16.18%-16.55%

 

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

Weighted average grant date fair value

 

$

3.75

 

 

$

1.65

 

 

Summary of Activity in shares Subjected to Options and Weighted Average Exercise Prices

The following table discloses the activity in shares subject to options and the weighted average exercise prices, in actual dollars, for the nine months ended September 30, 2017:

 

 

BYB Plan

 

 

 

Number of Shares

 

 

Weighted Average Exercise Price

 

 

Intrinsic Value

 

 

Weighted Average Remaining Contractual Term (in Years)

 

Beginning balance

 

 

1,798,220

 

 

$

11.95

 

 

$

15,788

 

 

 

9.8

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance outstanding at September 30, 2017

 

 

1,798,220

 

 

$

11.95

 

 

$

16,545

 

 

 

7.9

 

Exercisable at September 30, 2017

 

 

835,263

 

 

$

11.31

 

 

$

8,310

 

 

 

7.7