Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 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   Six Months Ended
    June 30,   June 30,
(in thousands)   2017   2016   2017   2016
Time lapse restricted stock:                                
Pre-tax compensation expense   $ 3,107     $ 3,055     $ 6,375       6,380  
Tax benefit     (1,202 )     (1,182 )     (2,467 )     (2,469 )
Restricted stock expense, net of tax   $ 1,905     $ 1,873     $ 3,908     $ 3,911  
Summarized information on unvested restricted stock units outstanding

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

 

    Number of Shares   Weighted-Average Grant-Date Fair Value
Unvested Restricted Stock at December 31, 2016     2,261     $ 20.21  
Forfeited     (26 )     23.44  
Vested     (642 )     21.82  
Granted     448       33.80  
Unvested Restricted Stock at June 30, 2017     2,041     $ 24.19