Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2019

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 Condensed Consolidated Statements of Earnings related to stock-based compensation plans:

	Three Months Ended
	March 31,		March 31,
	2019		2018
Service-Based RSUs	$	606	$	455
Performance-Based RSUs	548		510
Cash-settled RSUs	60		(42		)
Total	$	1,214	$	923
Income tax benefit	274		209
Net	$	940	$	714

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		Weighted-
	Expense at		Average
	March 31, 2019		Period
Service-Based RSUs	$	3,058	1.59
Performance-Based RSUs	4,496		2.11
Total	$	7,554	1.90

Summary of Status of Equity-Based Compensation Plans

The following table summarizes the status of these plans as of March 31, 2019:

	2018 Plan	2014 Plan	2009 Plan	2004 Plan	Directors' Plan
Awards originally available	2,500,000	1,500,000	3,400,000	6,500,000	N/A
Performance-based options outstanding	—	275,000	—	—	—
Maximum potential RSU and cash settled awards outstanding	270,818	439,353	92,600	35,952	5,522
Maximum potential awards outstanding	270,818	714,353	92,600	35,952	5,522
RSUs and cash settled awards vested and released	—	—	—	—	—
Awards available for grant	2,229,182	—	—	—	—

Summary of Service-Based Restricted Stock Units

summarizes the service-based RSU activity as of and for the three months ended March 31, 2019: 

	Units		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019	355,590		$	17.91
Granted	72,591		28.79
Vested and released	(65,623	)	19.92
Forfeited	(1,061	)	22.13
Outstanding at March 31, 2019	361,497		$	19.71
Releasable at March 31, 2019	204,640		$	13.60

Schedule of Components of Performance-Based RSU's

The following table summarizes the performance and market-based RSU activity as of and for the three months ended March 31, 2019:

	Units		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019	267,792		$	21.44
Granted	82,103		30.98
Attained by performance	60,779		13.54
Released	(160,889	)	14.34
Forfeited	(10,287	)	14.20
Outstanding at March 31, 2019	239,498		$	27.86
Releasable at March 31, 2019	—		$	—

The following table summarizes each grant of performance awards outstanding at March 31, 2019.

Description	Grant Date	Vesting Year	Vesting Dependency	Target Units Outstanding	Maximum Number of Units to be Granted
2017 - 2019 Performance RSUs	February 9, 2017	2019	35% RTSR, 35% sales growth, 30% operating cash flow	71,796	143,592
2017 - 2019 Performance RSUs	February 9, 2017	2018 - 2020	Operating Income	13,556	13,556
2018 - 2020 Performance RSUs	February 8, 2018	2020	35% RTSR, 35% sales growth, 30% operating cash flow	40,223	80,446
2018 - 2020 Performance RSUs	February 16, 2018	2020	35% RTSR, 35% sales growth, 30% operating cash flow	31,820	63,640
2019 - 2021 Performance RSUs	February 7, 2019	2021	35% RTSR, 35% sales growth, 30% operating cash flow	75,158	150,316
2019 Supplemental Performance RSUs	February 7, 2019	2021	Succession Planning Targets	6,945	13,890