Stock Plans and Other Incentives (Tables)

9 Months Ended

Sep. 30, 2017

The following table presents option activity and other plan data for the nine months ended September 30, 2017 and 2016:


	For the Nine Months Ended September 30,
	2017				2016
	Options		Weighted- Average Exercise Price		Options		Weighted- Average Exercise Price
Outstanding at beginning of period		530,000	$	9.64		547,500	$	9.61
Granted		—	$	—		—	$	—
Exercised		(285,000)	$	(10.30)		(17,500)	$	(8.74)
Forfeited/cancelled/expired		—	$	—		—	$	—

Outstanding at end of period		245,000	$	8.88		530,000	$	9.64

Options exercisable at end of period		237,000	$	8.56		518,000	$	9.44

The following table presents the changes in RSUs outstanding for the nine months ended September 30, 2017 and 2016:


	For the Nine Months Ended September 30,
	2017		2016
Outstanding at beginning of period		281,320		254,041
Granted		136,727		123,023
Common stock delivered (A) (B)		(88,543)		(85,181)
Forfeited		(7,993)		(4,451)

Outstanding at end of period		321,511		287,432

Intrinsic value (C)	$	5,787,198	$	5,880,859



(A) In the 2017 period, all of the vested RSUs were issued as shares. (B) The 2016 period includes 32,760 shares which were used to settle minimum employee withholding tax obligations for 29 employees of approximately $701,000 in 2016. A net of 52,421 shares of common stock were delivered in 2016.

(C) For purposes of this calculation, the Company’s closing stock prices were $18.00 and $20.46 per share on September 30, 2017 and 2016, respectively.