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Equity-Based compensation (Tables)
12 Months Ended
Dec. 31, 2018
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,
 
2018
2017
2016
Service-Based RSUs
$
2,036

$
1,762

$
1,997

Performance-Based RSUs
3,089

2,350

665

Cash-settled awards
131

72

76

Total
$
5,256

$
4,184

$
2,738

Income tax benefit
1,188

1,573

1,029

Net
$
4,068

$
2,611

$
1,709

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,
2018
Weighted-
average
period
Service-Based RSUs
$
1,598

1.21
Performance-Based RSUs
2,539

1.56
Total
$
4,137

1.43
Summary of Status of Equity-Based Compensation Plans
The following table summarizes the status of these plans as of December 31, 2018:
 
2018 Plan
2014 Plan
2009 Plan
2004 Plan
Directors' Plan
Awards originally available to be granted
2,500,000

1,500,000

3,400,000

6,500,000

N/A

 










Performance stock options outstanding

275,000




Maximum potential RSU and cash settled awards outstanding
25,200

722,035

92,600

35,952

5,522

Maximum potential awards outstanding
25,200

997,035

92,600

35,952

5,522

RSUs and cash settled awards vested and released





Awards available to be granted
2,474,800





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, 2018
399,347

$
14.60

 
 

Granted
99,422

26.95

 
 

Released
(137,500
)
14.68

 
 

Forfeited
(5,679
)
22.07

 
 

Outstanding at December 31, 2018
355,590

$
17.91

22.46
$
9,206

Releasable at December 31, 2018
209,474

$
13.76

33.63
$
5,423

Schedule of Weighted Average Grant Date Fair Value and Intrinsic Value of RSU's
 
Years Ended December 31,
 
2018
2017
2016
Weighted-average grant date fair value
$
26.95

$
24.32

$
15.07

Intrinsic value of RSUs released
$
4,015

$
4,485

$
1,520

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, 2018
139,536

$
18.56

Granted
99,422

26.95

Vested
(87,163
)
19.05

Forfeited
(5,679
)
22.07

Nonvested at December 31, 2018
146,116

$
23.84

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, 2018
271,305

$
18.77

 
 

Granted
72,043

28.75

 
 

Released
(72,456
)
18.66

 
 

Forfeited
(21,700
)
17.66

 
 

Added by performance factor
18,600

17.66

 
 
Outstanding at December 31, 2018
267,792

$
21.44

1.14
$
6,933

Releasable at December 31, 2018

$

$




The following table summarizes each grant of performance awards outstanding at December 31, 2018:
Description
Grant Date
Vesting
Year
Vesting
Dependency
Target
Units
 Outstanding
Maximum Number of Units to be Granted
2016-2018 Performance RSUs
February 16, 2016
2018
35% RTSR, 35% sales growth, 30% cash flow
92,840

185,680

Single Crystal Performance RSUs
March 31, 2016
2018
Various
4,000

8,000

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

143,592

2017-2019 Performance RSUs
February 9, 2017
2020
Operating Income
27,113

27,113

2018-2020 Performance RSUs
February 8, 2018
2021
35% RTSR, 35% sales growth, 30% cash flow
40,223

80,446

2018- 2020 Performance RSUs
February 16, 2018
2021
35% RTSR, 35% sales growth, 30% cash flow
31,820

63,640

Total
 
 
 
267,792

508,471