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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(in thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Performance unit incentive plan (“PUP”)

 

$

1,601

 

 

$

456

 

 

$

2,952

 

 

$

1,444

 

Restricted stock

 

 

523

 

 

 

523

 

 

 

1,597

 

 

 

1,623

 

Restricted stock units

 

 

86

 

 

 

46

 

 

 

160

 

 

 

64

 

Share-based compensation before income tax benefit

 

 

2,210

 

 

 

1,025

 

 

 

4,709

 

 

 

3,131

 

Income tax benefit

 

 

(812

)

 

 

(381

)

 

 

(1,750

)

 

 

(1,180

)

Share-based compensation, net of income tax benefit

 

$

1,398

 

 

$

644

 

 

$

2,959

 

 

$

1,951

 

 

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

 

 

75,250

 

 

$

27.13

 

 

 

104,084

 

 

$

26.88

 

 

 

5,500

 

 

$

26.98

 

Vested

 

 

(73,280

)

 

$

26.77

 

 

 

(73,188

)

 

$

27.35

 

 

 

(5,965

)

 

$

27.18

 

Forfeited

 

 

(12,747

)

 

$

24.85

 

 

 

(6,556

)

 

$

25.84

 

 

 

 

 

$

 

Balance at September 30, 2016

 

 

268,440

 

 

$

25.80

 

 

 

255,505

 

 

$

26.11

 

 

 

15,982

 

 

$

25.58