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Equity-Based compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Equity-Based Compensation Expense
The following table summarizes the compensation expense included in selling, general and administrative expenses in the Consolidated Statements of Earnings related to stock-based compensation plans:
 
Years Ended December 31,
 
2016
2015
2014
Service-Based RSUs
$
1,997

$
1,944

$
1,771

Performance-Based RSUs
665

1,235

872

Cash-settled awards
$
76

$
16

$
17

Total
$
2,738

$
3,195

$
2,660

Income tax benefit
$
1,029

$
1,201

$
1,000

Schedule of Unrecognized Equity-Based Compensation Expense
The following table summarizes the unrecognized compensation expense related to non-vested RSUs by type and the weighted-average period in which the expense is to be recognized:
 
Unrecognized
compensation
expense at
December 31,
2016
Weighted-
average
period
Service-Based RSUs
$
1,625

1.12 years
Performance-Based RSUs
1,231

1.73 years
Total
$
2,856

1.38 years
Summary of Status of Equity-Based Compensation Plans
The following table summarizes the status of these plans as of December 31, 2016:
 
2014 Plan
2009 Plan
2004 Plan
Directors' Plan
Awards originally available to be granted
1,500,000

3,400,000

6,500,000

N/A

 
 
 
 
 
Performance stock options outstanding
320,000




Maximum potential RSU and cash settled awards outstanding
609,511

212,849

78,947

25,985

Maximum potential awards outstanding
929,511

212,849

78,947

25,985

RSUs and cash settled awards vested and released
54,544




Awards available to be granted
515,945




Summary of Service-Based Restricted Stock Units
A summary of RSUs for all Plans is presented below:
 
Units
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Outstanding at January 1, 2016
505,170

$
13.13

 
 

Granted
195,266

15.07

 
 

Released
(102,967
)
14.27

 
 

Forfeited
(42,991
)
16.75

 
 

Outstanding at December 31, 2016
554,478

$
13.37

21.8
$
12,420

Releasable at December 31, 2016
303,233

$
11.34

33.7
$
6,792

Schedule of Weighted Average Grant Date Fair Value and Intrinsic Value of RSU's
 
Years Ended December 31,
 
2016
2015
2014
Weighted-average grant date fair value
$
15.07

$
17.31

$
9.00

Intrinsic value of RSUs released
$
1,520

$
2,933

$
5,670

Summary of Changes of Nonvested RSU's
A summary of nonvested RSUs is presented below:
 
RSUs
Weighted
Average
Grant Date
Fair Value
Nonvested at January 1, 2016
218,849

$
16.29

Granted
195,266

15.07

Vested
(126,944
)
15.19

Forfeited
(35,926
)
16.75

Nonvested at December 31, 2016
251,245

15.81

Summary of Fair Value of Restricted Stock Units Vested
 
Years Ended December 31,
 
2016
2015
2014
Fair value of RSUs vested
$
1,928

$
1,908

$
2,055

Schedule of Components of Performance-Based RSU's
A summary of PSUs for all Plans is presented below:
 
Units
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Outstanding at January 1, 2016
249,560

$
15.14

 
 

Granted
108,650

13.56

 
 

Released
(234,517
)
11.82

 
 

Forfeited
(18,810
)
15.86

 
 

Added by performance factor
97,017

$
11.81

 
 
Outstanding at December 31, 2016
201,900

$
16.48

44.2
$
4,523

Releasable at December 31, 2016

$

$

The following table summarizes each grant of performance awards outstanding at December 31, 2016:
Description
Grant Date
Vesting
Year
Vesting
Dependency
Target
Units
 Outstanding
Maximum Number of Units to be Granted
2014-2016 Performance RSUs
February 14, 2014
2017
35% RTSR, 35% sales growth, 30% cash flow
43,060

86,120

2015-2017 Performance RSUs
February 5, 2015
2018
35% RTSR, 35% sales growth, 30% cash flow
62,000

124,000

2016-2018 Performance RSUs
February 16, 2016
2019
35% RTSR, 35% sales growth, 30% cash flow
92,840

185,680

Single Crystal Performance RSUs
March 31, 2016
2019
various
4,000

8,000

 
 
 
 
201,900

403,800