XML 45 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
EQUITY INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Share Based Compensation [Abstract]  
Schedule of Share-Based Compensation, Stock Options Activity

The following table summarizes the Company’s stock option activity for 2015, 2016 and 2017:

 

 

 

Number

of Shares

 

 

Weighted-

Average

Exercise

Price Per

Share

 

 

Weighted-

Average

Remaining Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding, January 1, 2015

 

 

892

 

 

$

9.97

 

 

 

 

 

 

 

 

 

Granted

 

 

194

 

 

 

19.82

 

 

 

 

 

 

 

 

 

Exercised

 

 

(335

)

 

 

9.50

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(25

)

 

 

16.54

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2015

 

 

726

 

 

 

12.60

 

 

 

 

 

 

 

 

 

Granted

 

 

140

 

 

 

20.94

 

 

 

 

 

 

 

 

 

Exercised

 

 

(286

)

 

 

9.65

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

(3

)

 

 

20.94

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2016

 

 

577

 

 

 

16.04

 

 

 

 

 

 

 

 

 

Granted

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

Exercised

 

 

(271

)

 

 

15.76

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

0

 

 

 

0

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2017

 

 

306

 

 

$

16.28

 

 

 

3.78

 

 

$

11,121

 

Exercisable at December 31, 2017

 

 

130

 

 

$

12.52

 

 

 

3.02

 

 

$

5,230

 

Vested and expected to vest at December 31, 2017

 

 

303

 

 

$

16.25

 

 

 

3.78

 

 

$

11,029

 

 

Schedule of Share-Based Compensation Stock Options Valuation Assumptions

The fair value of each stock option was estimated on the date of grant using the Black-Scholes option pricing model and the following weighted average assumptions:

 

 

 

2016

 

 

2015

 

Expected dividend yield

 

 

3.29

%

 

 

3.48

%

Expected volatility

 

 

43.53

%

 

 

40.81

%

Risk-free interest rate

 

 

1.62

%

 

 

1.55

%

Expected life (in years)

 

 

4.50

 

 

 

4.42

 

 

Schedule of Share-Based Compensation, Restricted Stock Activity

The following table summarizes the restricted stock activity for 2015, 2016 and 2017:

 

 

 

Number

of Shares

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Nonvested, January 1, 2015

 

 

422

 

 

$

13.56

 

 

 

 

 

Granted

 

 

89

 

 

 

19.72

 

 

 

 

 

Vested

 

 

(183

)

 

 

11.30

 

 

 

 

 

Forfeited

 

 

(52

)

 

 

13.51

 

 

 

 

 

Nonvested, December 31, 2015

 

 

276

 

 

 

17.05

 

 

 

 

 

Granted

 

 

84

 

 

 

21.02

 

 

 

 

 

Vested

 

 

(139

)

 

 

12.40

 

 

 

 

 

Forfeited

 

 

(5

)

 

 

19.91

 

 

 

 

 

Nonvested, December 31, 2016

 

 

216

 

 

 

21.51

 

 

 

 

 

Granted

 

 

140

 

 

 

35.11

 

 

 

 

 

Vested

 

 

(120

)

 

 

14.93

 

 

 

 

 

Forfeited

 

 

(4

)

 

 

31.23

 

 

 

 

 

Nonvested, December 31, 2017

 

 

232

 

 

$

32.96

 

 

$

12,269

 

 

Schedule of Share-Based Compensation, Restricted Stock Unit Activity

The following table summarizes the restricted stock unit activity for 2015, 2016 and 2017:

 

 

 

Number of Restricted

Stock Units

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Nonvested, January 1, 2015

 

 

366

 

 

$

9.81

 

 

 

 

 

Granted

 

 

123

 

 

 

19.28

 

 

 

 

 

Performance factor adjustment

 

 

62

 

 

 

12.48

 

 

 

 

 

Vested

 

 

(237

)

 

 

8.64

 

 

 

 

 

Forfeited

 

 

(1

)

 

 

16.67

 

 

 

 

 

Nonvested, December 31, 2015

 

 

313

 

 

 

14.92

 

 

 

 

 

Granted

 

 

161

 

 

 

26.59

 

 

 

 

 

Vested

 

 

(190

)

 

 

12.54

 

 

 

 

 

Forfeited

 

 

(3

)

 

 

20.39

 

 

 

 

 

Nonvested, December 31, 2016

 

 

281

 

 

 

23.18

 

 

 

 

 

Granted

 

 

73

 

 

 

35.75

 

 

 

 

 

Performance factor adjustment

 

 

34

 

 

 

17.56

 

 

 

 

 

Vested

 

 

(155

)

 

 

18.92

 

 

 

 

 

Forfeited

 

 

(1

)

 

 

20.52

 

 

 

 

 

Nonvested, December 31, 2017

 

 

232

 

 

$

29.20

 

 

$

12,175