Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.10.0.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Restricted Stock Award Activity for Employees and Non-Employee Directors

The following table summarizes our restricted stock award activity for employees and non-employee directors:

 

 

 

Shares

 

 

Weighted Average

Grant Date Fair

Value Per Share

 

Unvested At January 1, 2018

 

 

97,098

 

 

$

79.58

 

Granted

 

 

46,119

 

 

 

137.78

 

Vested

 

 

(43,931

)

 

 

79.86

 

Forfeited

 

 

(8,105

)

 

 

100.09

 

Unvested at December 31, 2018

 

 

91,181

 

 

$

107.06

 

 

Schedule of Cash Payments and Compensation Costs

A summary of cash payments for settled shares and compensation costs recognized in “Salaries, wages and benefits” on our Statements of Operations for the Employee Phantom Plans is provided below:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2018

 

 

2017

 

 

2016

 

Cash payments for settled shares

 

$

2,360

 

 

$

3,066

 

 

$

2,442

 

Compensation expense

 

 

5,283

 

 

 

16,910

 

 

 

12,694

 

 

 

Year Ended December 31,

 

(In thousands)

 

2018

 

 

2017

 

 

2016

 

Cash payments for settled shares

 

$

198

 

 

$

474

 

 

$

278

 

Compensation expense

 

 

491

 

 

 

2,588

 

 

 

2,098

 

 

Summary of the Changes in the Number of Outstanding Phantom Stock Shares

A summary of the changes in the number of outstanding phantom stock awards during the year ended December 31, 2018 for the Phantom Plans is provided below. Of these awards, 356,789 and 360,481 phantom shares were vested at December 31, 2018 and 2017, respectively.

 

 

 

Employee

Phantom Plans

 

 

Director

Phantom

Stock Plan

 

 

Total

 

Balance of shares outstanding at December 31, 2017

 

 

491,465

 

 

 

68,162

 

 

 

559,627

 

Granted

 

 

 

 

 

 

 

 

 

Settled

 

 

(23,419

)

 

 

(14,091

)

 

 

(37,510

)

Forfeited

 

 

(1,659

)

 

 

 

 

 

(1,659

)

Balance of shares outstanding at December 31, 2018

 

 

466,387

 

 

 

54,071

 

 

 

520,458

 

 

Schedule of Phantom Stock Plans

The liability for unsettled phantom stock awards under the Phantom Plans consists of the following:

 

 

 

December 31,

 

(In thousands)

 

2018

 

 

2017

 

Employee Phantom Plans

 

$

50,233

 

 

$

48,148

 

Director Phantom Stock Plan

 

 

7,000

 

 

 

8,436

 

Total

 

$

57,233

 

 

$

56,584