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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of share-based compensation expense

The following table summarizes share-based compensation expense:

 

 

Three Months Ended March 31,

 

(in thousands)

 

2016

 

 

2015

 

Restricted stock

 

$

498

 

 

$

594

 

Performance unit incentive plan (“PUP”)

 

 

535

 

 

 

612

 

Restricted stock units

 

 

33

 

 

 

25

 

Share-based compensation before income tax benefit

 

 

1,066

 

 

 

1,231

 

Income tax benefit

 

 

(398

)

 

 

(462

)

Share-based compensation, net of income tax benefit

 

$

668

 

 

$

769

 

 

Summary of activity of the outstanding share-based compensation awards

The following table summarizes the activity of the outstanding share-based compensation awards:

 

 

 

Restricted Stock

 

 

PUP Awards

 

 

Restricted Stock Units

 

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

 

Balance at December 31, 2015

 

 

279,217

 

 

$

25.65

 

 

 

231,165

 

 

$

26.15

 

 

 

16,447

 

 

$

25.69

 

Granted

 

 

73,800

 

 

$

26.98

 

 

 

137,784

 

 

$

26.34

 

 

 

5,500

 

 

$

26.98

 

Vested

 

 

(70,675

)

 

$

26.92

 

 

 

(73,188

)

 

$

27.35

 

 

 

(5,965

)

 

$

27.18

 

Forfeited

 

 

(5,424

)

 

$

25.35

 

 

 

(6,556

)

 

$

25.85

 

 

 

 

 

$

 

Balance at March 31, 2016

 

 

276,918

 

 

$

25.69

 

 

 

289,205

 

 

$

25.94

 

 

 

15,982

 

 

$

25.58