Equity Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Equity Compensation [Abstract]

Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized

The following table summarizes the equity compensation expense and related income tax benefit recognized in the Consolidated Statements of Income (in thousands):

	Three Months Ended March 31,
	2016			2015
Stock options:
Pre-tax compensation expense	$	5		$	17
Tax benefit	2			7
Stock option expense, net of tax	$	3		$	10
Restricted awards:
Pre-tax compensation expense	$	130		$	1,017
Tax benefit	50			402
Restricted award expense, net of tax	$	80		$	615
Performance awards:
Pre-tax compensation expense	$	(419	)	$	755
Tax benefit (expense)	(163		)	298
Performance award expense, net of tax	$	(256	)	$	457

Schedule of Equity Compensation Stock Options Activity

The following table summarizes stock option activity for the three months ended March 31, 2016:

	Number of Options (in thousands)		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at beginning of period	192		$	18.29
Granted	—		—
Exercised	(5	)	18.84
Forfeited	—		—
Expired	—		—
Outstanding at end of period	187		18.27		2.66	$	1,661
Exercisable at end of period	177		18.04		2.48	$	1,611

Schedule of Equity Compensation, Restricted Stock and Restricted Stock Units Activity

The following table summarizes restricted award activity for the three months ended March 31, 2016:

	Number of Restricted Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	445		$	24.32
Granted	—		—
Vested	—		—
Forfeited	(41	)	20.88
Nonvested at end of period	404		24.67

Schedule of Equity Compensation Performance Award Activity

The following table summarizes performance award activity for the three months ended March 31, 2016:

	Number of Performance Awards (in thousands)		Weighted Average Grant Date Fair Value ($)
Nonvested at beginning of period	258		$	27.23
Granted	110		26.53
Vested	(60	)	27.11
Forfeited	(75	)	27.45
Nonvested at end of period	233		26.86

Schedule of Equity Compensation Performance Award Valuation Assumptions

The present value of estimated future dividends was calculated using the following assumptions:

	Three Months Ended March 31,
	2016			2015
Dividends per share (quarterly amounts)	$	0.06		$	0.05
Risk-free interest rate	1.5		%	1.6		%