Share-Based Compensation

3 Months Ended

Mar. 31, 2017


17.	Share-Based Compensation

Our share-based compensation plans are described in Note 17 of our annual report on Form 10-K for the year ended December 31, 2016. During the three months ended March 31, 2017 and 2016, we recognized total Share-Based Compensation Expense of $2,573 and $2,637, respectively. The total excess tax benefit recognized for share-based compensation arrangements during the three months ended March 31, 2017 and 2016 was $402 and $134, respectively.

During the first three months of 2017, we granted 15,183 restricted shares. The weighted average grant date fair value of each share awarded was $73.20. Restricted share awards generally have a three year vesting period from the effective date of the grant. The total fair value of shares vested during the three months ended March 31, 2017 and 2016 was $625 and $1,021, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details