INTERTAPE POLYMER GROUP INC | CIK:0000880224 | 3

  • Filed: 3/29/2018
  • Entity registrant name: INTERTAPE POLYMER GROUP INC (CIK: 0000880224)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/0000880224-18-000016-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/itp-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000880224
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    • ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory

    The following table summarizes information regarding SARs activity for three-year period ended December 31, 2017:
     
    2017
     
    2016
     
    2015
    SARs exercised
    13,250


    422,202

     
    52,500

    Cash payments on exercise, including awards exercised but not yet paid
    $155

    $4,017

    $462
    SARs forfeited
    —


    —


    10,000


    The following table summarizes information regarding SARs outstanding as of:
     
    December 31, 2017
     
    December 31, 2016
    SARs outstanding
    147,500

     
    160,750

    Weighted average fair value per SARs outstanding
    $10.85
     
    $12.37
    Aggregate intrinsic value of outstanding vested awards
    $1,634
     
    $2,110
    The following table summarizes information about PSUs for each of the years in the three-year period ended December 31, 2017:
     
    2017
     
    2016
     
    2015
    PSUs granted
    358,386

     
    422,733

     
    363,600

    Weighted average fair value per PSU granted
    $16.15
     
    $13.85
     
    $13.64
    PSUs forfeited/cancelled
    7,952

     
    28,696

     
    18,060

    PSUs added by performance factor (1)
    69,600

     
    —

     
    —

    PSUs settled
    208,800

     
    —

     
    —

    Weighted average fair value per PSU settled
    $18.49
     
    —

     
    —

    Cash payment on settlement
    $4,174
     
    —

     
    —



    (1) 
    On June 15, 2017, the Board of Directors approved the settlement of PSUs granted in 2014, which had been earned and vested. The number of PSUs earned was 150% of the grant amount based on the TSR ranking versus a specified peer group of companies as of June 11, 2017.
    The following table summarizes information about DSUs for the three-year period ended December 31, 2017:
     
    2017
     
    2016
     
    2015
    DSUs granted
    48,179

     
    52,665

     
    46,142

    Weighted average fair value per DSU granted
    $17.79
     
    $16.76
     
    $15.09
     
     
     
     
     
     
    Shares issued upon DSU settlement:
     
     
     
     
     
     DSUs settled
    —

     
    —

     
    16,460

    Less: shares withheld for required minimum tax withholding
    —

     
    —

     
    (10,063
    )
    Shares issued
    —

     
    —

     
    6,397

     
    The following table summarizes information about DSUs outstanding as of:
     
    December 31,
    2017
     
    December 31,
    2016
    DSUs outstanding
    167,427

     
    119,248

    Weighted average fair value per DSU outstanding
    $16.91
     
    $15.04

    The following table summarizes information about PSUs outstanding as of:
     
    December 31,
    2017
     
    December 31,
    2016
    PSUs outstanding
    1,103,311

     
    892,077

    Weighted average fair value per PSU outstanding
    $14.14
     
    $13.41