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Restricted Stock and Stock Options (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

The following table summarizes information about the stock option activity under the 2005 Incentive Plan:

 

  

 

Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Life (in years)

 

Outstanding at January 1, 2018

 

 

20,000

 

 

 

5.21

 

 

 

2.1

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

(15,000

)

 

 

4.46

 

 

 

0.9

 

Canceled, forfeited, or expired

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

5,000

 

 

 

3.95

 

 

 

1.9

 

Exercisable at December 31, 2018

 

 

5,000

 

 

 

3.95

 

 

 

1.9

 

Outstanding at January 1, 2019

 

 

5,000

 

 

 

3.95

 

 

 

1.9

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

(5,000

)

 

 

3.95

 

 

 

0.9

 

Canceled, forfeited, or expired

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2020

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Canceled, forfeited, or expired

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2020

 

 

 

 

 

 

 

 

 

Weighted Average Grant Date Fair Values of Options Granted

 

 

2020

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Cash received from option exercises

 

$

 

 

$

20

 

 

$

67

 

Total intrinsic value of options exercised

 

 

 

 

 

287

 

 

 

766

 

Aggregate intrinsic value of vested options outstanding

 

 

 

 

 

 

 

 

264

 

Restricted Stock Activity

 

The following table summarizes information about the common and restricted stock activity under the 2012 Incentive Plan:

  

 

Shares

 

 

Weighted

Average Grant

Date Fair Value

per Share

 

Nonvested balance at January 1, 2018

 

 

60,879

 

 

 

45.71

 

Granted

 

 

3,304

 

 

 

59.16

 

Vested

 

 

(24,608

)

 

 

44.31

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2018

 

 

39,575

 

 

 

48.93

 

Granted

 

 

22,713

 

 

 

61.08

 

Vested

 

 

(29,760

)

 

 

51.86

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2019

 

 

32,528

 

 

 

54.02

 

Granted

 

 

23,207

 

 

 

58.62

 

Vested

 

 

(40,421

)

 

 

54.31

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2020

 

 

15,314

 

 

 

60.23

 

The following table summarizes information about the restricted stock activity under the Non-Employee Director Restricted Stock Plan:

 

 

 

Shares

 

 

Weighted

Average Grant

Date Fair Value

per Share

 

Nonvested balance at January 1, 2018

 

 

6,454

 

 

 

54.20

 

Granted

 

 

5,761

 

 

 

60.75

 

Vested

 

 

(6,454

)

 

 

54.20

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2018

 

 

5,761

 

 

 

60.75

 

Granted

 

 

4,890

 

 

 

61.34

 

Vested

 

 

(5,761

)

 

 

60.75

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2019

 

 

4,890

 

 

 

61.34

 

Granted

 

 

5,269

 

 

 

68.88

 

Vested

 

 

(5,091

)

 

 

61.49

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2020

 

 

5,068

 

 

 

69.03