Rendering

Component: (Network and Table)
Network
2313301 - Disclosure - SHARE-BASED AWARDS (Tables)
(http://www.alexanderbaldwin.com/role/ShareBasedAwardsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001545654 (http://www.sec.gov/CIK)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Schedule of Stock Option Activity
Activity in the Company’s stock option plans in 2016 was as follows (in thousands, except weighted average exercise price and weighted average contractual life):
 
2012
Plan
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Contractual
Life
 
Aggregate
Intrinsic
Value
Outstanding, January 1, 2016
1,098.6

 
$18.81
 
 
 
 
Exercised
(195.1
)
 
$23.58
 
 
 
 
Outstanding, December 31, 2016
903.5

 
$17.78
 
3.1
 
$24,288
 
 
 
 
 
 
 
 
Vested or expected to vest
903.5

 
$17.78
 
3.1
 
$24,288
Exercisable, December 31, 2016
903.5

 
$17.78
 
3.1
 
$24,288
  
Summary of Non-vested Restricted Stock Unit Activity
The following table summarizes 2016 non-vested restricted stock unit activity (in thousands, except weighted average grant-date fair value amounts):
 
2012
Plan
Restricted
Stock
Units
 
Weighted
Average
Grant-Date
Fair Value
Outstanding, January 1, 2016
271.9

 
$37.74
Granted
154.3

 
$30.91
Vested
(69.0
)
 
$38.00
Canceled
(63.7
)
 
$39.04
Outstanding, December 31, 2016
293.5

 
$33.81
  
Schedule of Fair Value Assumptions of Performance-based Awards
The fair value of the Company’s time-based awards is determined using the Company's stock price on the date of grant. The fair value of the Company's market-based awards is estimated using the Company's stock price on the date of grant and the probability of vesting using a Monte Carlo simulation with the following weighted average assumptions:
 
2016
 
2015
Volatility of A&B common stock
26.3
%
 
29.5
%
Average volatility of peer companies
35.3
%
 
34.2
%
Risk-free interest rate
1.10
%
 
0.70
%
  
Summary of Compensation Cost Related to Share-based Payments
A summary of compensation cost related to share-based payments is as follows (in millions):
 
2016
 
2015
 
2014
Share-based expense (net of estimated forfeitures):
 
 
 
 
 
Stock options
$
—

 
$
—

 
$
0.3

Incremental share-based compensation cost related to separation
—

 
—

 
0.2

Time-based and market-based restricted stock units
4.1

 
4.6

 
4.4

Total share-based expense
4.1

 
4.6

 
4.9

Total recognized tax benefit
(1.4
)
 
(1.2
)
 
(1.5
)
Share-based expense (net of tax)
$
2.7

 
$
3.4

 
$
3.4

 
 
 
 
 
 
Cash received upon option exercise
$
4.6

 
$
0.5

 
$
4.5

Intrinsic value of options exercised
$
2.6

 
$
0.5

 
$
5.4

Tax benefit realized upon option exercise
$
1.0

 
$
0.2

 
$
2.0

Fair value of stock vested
$
2.2

 
$
4.2

 
$
2.6