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Stock Options and Restricted Stock (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Options Outstanding

The following table summarizes information about the stock options outstanding under the 2005 Incentive Plan at December 31, 2013, 2014 and 2015:

 

              Shares               Weighted-
Average
Exercise
            Price             
    Weighted-
Average
Remaining
      Contractual Life      
(in years)
 

Outstanding at January 1, 2013

    832,548        10.51        4.6   

Granted

    —          —          —     

Exercised

    (256,300     9.00        —     

Canceled, forfeited, or expired

    —          —          —     
 

 

 

     

Outstanding at December 31, 2013

    576,248        11.12        3.8   
 

 

 

     

Exercisable at December 31, 2013

    557,448        10.91        3.7   
 

 

 

     

Outstanding at January 1, 2014

    576,248        11.12        3.8   

Granted

    —          —          —     

Exercised

    (294,165     9.09        —     

Canceled, forfeited, or expired

    —          —          —     
 

 

 

     

Outstanding at December 31, 2014

    282,083        11.30        3.6   
 

 

 

     

Exercisable at December 31, 2014

    282,083        11.30        3.6   
 

 

 

     

Outstanding at January 1, 2015

    282,083        11.30        3.6   

Granted

    —          —          —     

Exercised

    (193,204     9.55        —     

Canceled, forfeited, or expired

    —          —          —     
 

 

 

     

Outstanding at December 31, 2015

    88,879        12.10        4.3   
 

 

 

     

Exercisable at December 31, 2015

    88,879        12.10        4.3   
 

 

 

     

Weighted Average Grant Date Fair Values of Options Granted


    2015     2014     2013  
    (in thousands)  

Cash received from option exercises

  $             1,844      $             2,674      $             2,344   

Total tax benefits realized for tax deductions from options exercised

    2,109        2,797        2,002   

Total intrinsic value of options exercised

    6,969        9,145        6,654   

Grant date fair value of options vested

    —          144        226   

Aggregate intrinsic value of vested options outstanding

    3,448        8,763        17,467   

 

Restricted Stock Outstanding

The following table summarizes information about the restricted stock outstanding under the 2005 Incentive Plan at December 31, 2015:

 

            Shares             Weighted-Average
Grant-Date Fair
          Value per Share          

Nonvested balance at January 1, 2013

    8,000      27.47

Granted

    —          —  

Vested

    (1,600   27.47

Forfeited

    —          —  
 

 

 

   

Nonvested balance at December 31, 2013

    6,400      27.47
 

 

 

   

Granted

    —          —  

Vested

    (800   27.35

Forfeited

    (3,200   27.59
 

 

 

   

Nonvested balance at December 31, 2014

    2,400      27.35
 

 

 

   

Granted

    —          —  

Vested

    (800   27.35

Forfeited

    —          —  
 

 

 

   

Nonvested balance at December 31, 2015

    1,600      27.35
 

 

 

   
            Shares             Weighted-Average
Grant-Date Fair
          Value per Share          
 

Nonvested balance at January 1, 2012

    7,833        26.79   

Granted

    5,376        33.47   

Vested

    (7,833     26.79   

Forfeited

    —          —     
 

 

 

   

Nonvested balance at December 31, 2013

    5,376        33.47   
 

 

 

   

Granted

    5,229        37.27   

Vested

    (5,376     33.47   

Forfeited

    —          —     
 

 

 

   

Nonvested balance at December 31, 2014

    5,229        37.27   
 

 

 

   

Granted

    7,112        44.26   

Vested

    (5,229     37.27   

Forfeited

    —          —     
 

 

 

   

Nonvested balance at December 31, 2015

    7,112        44.26   
 

 

 

   
            Shares             Weighted-Average
Grant-Date Fair
          Value per Share          
 

Nonvested balance at January 1, 2013

    2,331        26.79   

Granted

    80,278        34.14   

Vested

    —          —     

Forfeited

    —          —     
 

 

 

   

Nonvested balance at December 31, 2013

    82,609        33.93   
 

 

 

   

Granted

    4,312        43.83   

Vested

    (14,000     33.58   

Forfeited

    —          —     
 

 

 

   

Nonvested balance at December 31, 2014

    72,921        34.59   
 

 

 

   

Granted

    50,461        45.80   

Vested

    (27,537     37.27   

Forfeited

    (18,317     35.48   
 

 

 

   

Nonvested balance at December 31, 2015

    77,528        40.57