Forward Air Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

Share-Based Payments - Stock Option Activity (Details)

v3.10.0.1

Share-Based Payments - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 7,525	$ 5,965
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants expire (in years)	7 years
Grants, vesting period (in years)	3 years
Expected dividend yield (in hundredths)	1.10%	1.30%
Expected stock price volatility	24.40%	28.70%
Weighted Average Risk Free Interest Rate	2.70%	2.00%
Expected life of options (in years)	6 years 1 month 11 days	6 years 11 days
Weighted-average fair value of options (dollars per share)	$ 16	$ 13
Outstanding, beginning of period (in shares)	440
Granted (in shares)	193
Exercised (in shares)	(89)
Forfeited (in shares)	0
Outstanding, end of period (in shares)	544
Exercisable, end of period (in shares)	228
Outstanding, beginning of period (in dollars per share)	$ 45
Grants in Period (in dollars per share)	62
Exercises in Period (in dollars per share)	41
Forfeited in period (in dollars per share)	0
Outstanding, end of period (in dollars per share)	51
Exercisable, end of period (in dollars per share)	$ 45
Aggregate Intrinsic Value Outstanding, end of period	$ 6,689
Aggregate Intrinsic Value Exercisable, end of period	$ 4,294
Weighted-average remaining contractual term Outstanding, end of period (in years)	4 years 10 months 11 days
Weighted-average remaining contractual term Exercisable, end of period (in years)	3 years 4 months 11 days
Share-based compensation expense	$ 1,085	$ 993
Tax benefit related to share-based expense	271	354
Unrecognized share-based compensation, net of estimated forfeitures	$ 3,621	$ 1,909
Weighted average period over which unrecognized compensation will be recognized (years)	2 years 3 months 11 days

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- Definition

Share based Compensation Arrangement by Share-based Payment Award, Stock Option Contractual Term, In Years

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- Definition

Unrecognized cost of unvested share-based compensation awards.

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Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period.

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

+ References

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-Publisher FASB
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Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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- Definition

The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.

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- Definition

The risk-free interest rate assumption that is used in valuing an option on its own shares.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.

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- Definition

For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired.

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Weighted average price of options that were either forfeited or expired.

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- Definition

Net number of share options (or share units) granted during the period.

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The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.

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- Definition

Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.

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- Definition

Number of options outstanding, including both vested and non-vested options.

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Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.

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Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest exercisable or convertible options. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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- Definition

Weighted average price at which option holders acquired shares when converting their stock options into shares.

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Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.

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The number of shares reserved for issuance pertaining to the outstanding exercisable stock options as of the balance sheet date in the customized range of exercise prices for which the market and performance vesting condition has been satisfied.

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Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Number of share options (or share units) exercised during the current period.

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