Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.6.0.2
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Components of the stock-based compensation programs recorded as expense

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense ($ in thousands):

 

Years ended December 31,   2016     2015     2014  
Time Lapse Restricted Stock:                        
Pre-tax compensation expense   $ 12,415     $ 12,110     $ 10,579  
Tax benefit     (4,805 )     (4,687 )     (4,094 )
Restricted stock expense, net of tax   $ 7,610     $ 7,423     $ 6,485  
Summarized information on unvested restricted stock units outstanding

The following table summarizes information on unvested restricted stock units outstanding as of December 31, 2016, 2015 and 2014:

 

    Number of Shares
(in thousands)		     Weighted-Average
Grant-Date Fair
Value		  
Unvested Restricted Stock Grants                
Unvested as of December 31, 2013     3,680     $ 12.50  
Forfeited     (178 )     14.27  
Vested     (1,018 )     10.31  
Granted     616       19.16  
Unvested as of December 31, 2014     3,100       14.45  
Forfeited     (85 )     15.71  
Vested     (946 )     12.04  
Granted     682       22.43  
Unvested as of December 31, 2015     2,751       17.21  
Forfeited     (114 )     19.54  
Vested     (879 )     14.49  
Granted     503       26.45  
Unvested as of December 31, 2016     2,261     $ 20.21