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Equity-Based compensation (Tables)
12 Months Ended
Dec. 31, 2017
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,
 
2017
2016
2015
Service-Based RSUs
$
1,762

$
1,997

$
1,944

Performance-Based RSUs
2,350

665

1,235

Cash-settled awards
72

76

16

Total
$
4,184

$
2,738

$
3,195

Income tax benefit
1,573

1,029

1,201

Net
$
2,611

$
1,709

$
1,994

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,
2017
Weighted-
average
period
Service-Based RSUs
$
1,079

1.11 years
Performance-Based RSUs
2,313

1.62 years
Total
$
3,392

1.46 years
Summary of Status of Equity-Based Compensation Plans
The following table summarizes the status of these plans as of December 31, 2017:
 
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
295,000




Maximum potential RSU and cash settled awards outstanding
725,759

122,600

57,391

9,620

Maximum potential awards outstanding
1,020,759

122,600

57,391

9,620

RSUs and cash settled awards vested and released
176,221




Awards available to be granted
303,020




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, 2017
554,478

$
13.37

 
 

Granted
57,740

24.32

 
 

Released
(201,918
)
13.85

 
 

Forfeited
(10,953
)
17.11

 
 

Outstanding at December 31, 2017
399,347

$
14.60

24.58
$
10,283

Releasable at December 31, 2017
259,811

$
12.48

33.88
$
6,690

Schedule of Weighted Average Grant Date Fair Value and Intrinsic Value of RSU's
 
Years Ended December 31,
 
2017
2016
2015
Weighted-average grant date fair value
$
24.32

$
15.07

$
17.31

Intrinsic value of RSUs released
$
4,485

$
1,520

$
2,933

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, 2017
251,245

$
15.81

Granted
57,740

$
24.32

Vested
(158,496
)
$
16.40

Forfeited
(10,953
)
$
17.11

Nonvested at December 31, 2017
139,536

$
18.56

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
201,900

$
16.48

 
 

Granted
123,919

$
23.83

 
 

Released
(43,275
)
$
21.66

 
 

Forfeited
(26,524
)
$
22.56

 
 

Added by performance factor
15,285

$
21.66

 
 
Outstanding at December 31, 2017
271,305

$
18.77

1.62
$
6,986

Releasable at December 31, 2017

$

$




The following table summarizes each grant of performance awards outstanding at December 31, 2017:
Description
Grant Date
Vesting
Year
Vesting
Dependency
Target
Units
 Outstanding
Maximum Number of Units to be Granted
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

2017-2019 Performance RSUs
February 9, 2017
2020
35% RTSR, 35% sales growth, 30% cash flow
71,796

143,592

2017-2019 Performance RSUs
February 9, 2017
2018- 2020
Operating Income
40,669

40,669

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

8,000

Total
 
 
 
271,305

501,941