Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2017 |
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Schedule of Impact of Stock-Based Compensation in Consolidated and Combined Statements of Income |
Stock-based compensation expense and the associated tax benefits impacting our Consolidated Statements of Income were as follows: | | | | | | | | | |
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| Year Ended December 31, | (In thousands) |
| 2017 | | 2016 | Compensation costs for equity-based awards |
| $ | 2,863 |
| | $ | 3,982 |
| Compensation costs for liability-based awards |
| 1,604 |
| | 667 |
| Total compensation costs, pre-tax |
| $ | 4,467 |
| | $ | 4,649 |
| Future tax benefit |
| $ | 965 |
| | $ | 1,654 |
|
|
| Schedule of Non-Qualified Stock Options, Activity |
A summary of the status of our NQOs as of December 31, 2017, 2016 and 2015 and changes during the years then ended is presented below: | | | | | | | | | | | | | | | | |
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| Year Ended December 31, |
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| 2017 |
| 2016 |
| 2015 | (In thousands, except per share data) | | Shares | | Weighted Average Exercise Price Per Share | | Shares | | Weighted Average Exercise Price Per Share | | Shares | | Weighted Average Exercise Price Per Share | Outstanding at January 1, |
| 384 |
| | $21.47 | | 486 |
| | $19.25 | | 446 |
| | $17.43 | Granted |
| 75 |
| | $22.82 | | 87 |
| | $20.06 | | 58 |
| | $31.52 | Exercised |
| (110 | ) | | $18.41 | | (158 | ) | | $13.63 | | (18 | ) | | $13.37 | Forfeited, canceled or expired |
| (24 | ) | | $22.61 | | (31 | ) | | $22.51 | | — |
| | $0.00 | Outstanding at December 31, |
| 325 |
| | $22.74 | | 384 |
| | $21.47 | | 486 |
| | $19.25 | Options exercisable |
| 201 |
| | $22.57 | | 214 |
| | $20.35 | | 212 |
| | $16.13 |
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| Schedule of Non-Qualified Stock Options Outstanding and Exercisable |
The following table summarizes information about NQOs outstanding and exercisable as of December 31, 2017: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands, except per share data) | | Options Outstanding | | Options Exercisable | Range of Exercise Prices Per Share | | Number | | Weighted Average Remaining Contractual Life (In Years) | | Weighted Average Exercise Price Per Share | | Aggregate Intrinsic Value | | Number | | Weighted Average Remaining Contractual Life (In Years) | | Weighted Average Exercise Price Per Share | | Aggregate Intrinsic Value | $12.94 - $21.98 | | 225 |
| | 7.63 | | $ | 20.31 |
| | $ | 2,371 |
| | 125 |
| | 6.71 | | $ | 19.61 |
| | $ | 1,398 |
| $22.16 - $32.49 | | 100 |
| | 6.93 | | 28.18 |
| | 326 |
| | 76 |
| | 6.55 | | 27.38 |
| | 299 |
| Total options and aggregate intrinsic value | | 325 |
| | 7.42 | | $ | 22.74 |
| | $ | 2,697 |
| | 201 |
| | 6.65 | | $ | 22.57 |
| | $ | 1,697 |
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| Schedule of Weighted Average Assumptions |
The following weighted-average assumptions were utilized in deriving the fair value for NQOs: | | | | | | | | | | | | | | | | Year Ended December 31, | |
| 2017 | | 2016 | | 2015 | Expected volatility | | 30.8 | % | | 30.2 | % | | 34.1 | % | Expected life (in years) |
| 7 |
| | 7 |
| | 7 |
| Risk-free rates |
| 2.30 | % | | 1.69 | % | | 2.00 | % | Weighted-average grant date fair value per share |
| $ | 8.48 |
| | $ | 7.06 |
| | $ | 12.42 |
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| Schedule of Restricted Stock Units, Activity |
The table below provides a roll-forward of outstanding RSUs for the years ended December 31, 2017, 2016, and 2015. | | | | | | | | | | | | | | | | | | | | |
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| Year Ended December 31, |
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| 2017 |
| 2016 |
| 2015 | (In thousands, except per share data) |
| Shares | | Weighted Average Grant Date Fair Value Per Share | | Shares | | Weighted Average Grant Date Fair Value Per Share | | Shares | | Weighted Average Grant Date Fair Value Per Share | Outstanding at January 1, |
| 285 |
| | $ | 23.01 |
| | 350 |
| | $ | 22.47 |
| | 423 |
| | $19.28 | Granted |
| 144 |
| | $ | 23.74 |
| | 181 |
| | $ | 21.25 |
| | 104 |
| | $26.69 | Vested |
| (171 | ) | | $ | 23.18 |
| | (206 | ) | | $ | 20.56 |
| | (171 | ) | | $19.03 | Forfeited or canceled |
| (37 | ) | | $ | 21.69 |
| | (40 | ) | | $ | 22.68 |
| | (6 | ) | | $19.86 | Outstanding at December 31, |
| 221 |
| | $ | 23.58 |
| | 285 |
| | $ | 23.01 |
| | 350 |
| | $22.47 |
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