Stock Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2017

The following table summarizes the activity relating to restricted stock awards during the periods indicated:


	Three Months Ended March 31,
	2017					2016
	Awards			Weighted Average Grant Price		Awards			Weighted Average Grant Price
Unvested awards outstanding at beginning of period		1,836,363		$	12.97		1,548,444		$	12.85
Vested		(243,982	)		11.83		(363,799	)		12.07
Forfeited		(2,950	)		13.00		(6,368	)		12.79
Dividend reinvestment		12,253			14.54		10,870			11.50

Unvested awards outstanding at end of period		1,601,684			13.16		1,189,147			13.08

The following table provides certain information related to restricted stock awards:


(in thousands)	Three Months Ended March 31,
	2017		2016
Stock-based compensation expense	$	1,760	$	1,136
Tax benefit related to stock-based compensation expense		616		398
Fair value of awards vested		3,802		4,424

The components of the restricted stock awards as of March 31, 2017 are as follows:

(dollars in thousands)

Service-
Based
Awards

Performance-
Based
Awards

Total

Unvested restricted stock awards

830,140

771,544

1,601,684

Unrecognized compensation expense

3,784

4,494

8,278

Intrinsic value

12,344

11,473

23,817

Weighted average remaining life (in years)

1.72

1.77

1.75

Summary of Activity Relating to Stock Options Awards

The following table summarizes the activity relating to stock options during the periods indicated:


	Three Months Ended March 31,
	2017					2016
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Options outstanding at beginning of period		892,532		$	8.95		435,340		$	8.86
Assumed from acquisitions		207,645			8.92		1,707,036			7.83
Exercised		(131,792	)		9.44		(24,806	)		6.38
Forfeited		(49,281	)		10.91		(92,650	)		6.69

Options outstanding and exercisable at end of period		919,104			8.77		2,024,920			8.12