Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [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:

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
(in thousands)   2017     2016     2017     2016  
Time lapse restricted stock:                                
Pre-tax compensation expense   $ 3,031     $ 3,049     $ 9,406       9,429  
Tax benefit     (1,173 )     (1,180 )     (3,640 )     (3,649 )
Restricted stock expense, net of tax   $ 1,858     $ 1,869     $ 5,766     $ 5,780  
Summarized information on unvested restricted stock units outstanding

The following table summarizes information on unvested restricted stock outstanding as of September 30, 2017:

          Average Grant-  
    Number of     Date Fair  
    Shares     Value  
Unvested Restricted Stock at December 31, 2016     2,261     $ 20.21  
Forfeited     (31 )     22.64  
Vested     (676 )     17.16  
Granted     448       33.88  
Unvested Restricted Stock at September 30, 2017     2,002     $ 24.25