Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2016

Share-Based Compensation Amounts Included in Net Income

The table below presents the amounts included in net income related to share-based compensation expense for the awards granted under the SICP for the years ended December 31, 2016, 2015 and 2014:

	For the Year Ended December 31,
	2016			2015			2014
(in thousands)
Awards to non-employee directors	$	580		$	640		$	540
Awards to key employees	1,787			1,297			1,418
Total compensation expense	2,367			1,937			1,958
Less: tax benefit	(952		)	(780		)	(790		)
Share-based compensation amounts included in net income	$	1,415		$	1,157		$	1,168

SICP Awards to Non-employee directors

Summary of Stock Activity Non-employee directors

A summary of stock activity for our non-employee directors for the years ended December 31, 2016 and 2015 is presented below:

	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding — December 31, 2014	—		$	—
Granted	14,484		$	45.54
Vested	(14,484	)	$	45.54
Outstanding — December 31, 2015	—		$	—
Granted	8,577		$	62.90
Vested	(8,577	)	$	62.90
Outstanding — December 31, 2016	—		$	—

SICP Awards to Key Employees

Summary of Stock Activity Non-employee directors

The table below presents the summary of the stock activity for awards to key employees:

	Number of Shares		Weighted Average Fair Value
Outstanding — December 31, 2014	123,038		$	32.60
Granted	33,719		$	47.65
Vested	(43,839	)	$	28.01
Expired	(2,520	)	$	28.83
Outstanding — December 31, 2015	110,398		$	38.34
Granted	46,571		$	67.90
Vested	(39,553	)	$	31.79
Expired	(2,325	)	$	42.25
Outstanding — December 31, 2016	115,091		$	51.85