Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.8.0.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Unrecognized Share-Based Compensation Expense
As of March 31, 2018, unrecognized share-based compensation expense was as follows:
 
Unrecognized
Expense
 
Average Expected
Recognition
Period
 
(in thousands)
 
 
Stock option awards
$
4

 
0.2 years
Restricted stock awards
6,073

 
2.0 years
Total unrecognized share-based compensation expense
$
6,077

 
2.2 years
Summary of Stock Options Outstanding under Plans
The table below provides stock option information for the three months ended March 31, 2018:
 
Number of
Shares
 
Weighted-
Average
Exercise
Price Per
Share
 
Weighted-
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic
Value of
In-the-
Money
Options
 
 
 
 
 
 
 
 
(in thousands)
 
Options outstanding at beginning of period
364,088

 
$
17.86

 
5.9 years
 
$
4,548

(1) 
Options exercised
(25,750
)
 
$
22.06

 
5.9 years
 

 
Options outstanding at end of period
338,338

 
$
17.54

 
5.5 years
 
$
4,469

(2) 
 
 
 
 
 
 
 
 
 
Options exercisable at end of period
329,003

 
$
17.37

 
5.4 years
 
$
4,625

(2) 
                              
(1) 
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $30.35 as of December 31, 2017, over the exercise price, multiplied by the number of options.
(2) 
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $30.75 as of March 31, 2018, over the exercise price, multiplied by the number of options.

Schedule of Restricted Stock Awards
The table below provides information for restricted stock awards for the three months ended March 31, 2018:
 
Three Months Ended 
 March 31, 2018
 
Number of
Shares
 
Weighted-
Average
Grant Date
Fair Value
Per Share
Restricted stock at beginning of period
317,783

 
$
21.09

Restricted stock granted
97,724

 
24.08

Restricted stock vested
(52,913
)
 
26.86

Restricted stock forfeited
(38,498
)
 
9.97

Restricted stock at end of period
324,096

 
22.38