Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Summary of shares available for grant and stock option activity

A summary of awards by type and related activity is detailed below.

		Options Outstanding
	Shares Available For Grant	Shares	Weighted- Average Exercise Price
Stock Options:
Balance at January 1, 2019	291,000	—	$	—
Exercised	—	—	$	—
Forfeited	—	—	$	—
Expired	—	—	$	—
Stock options granted	—	—	$	—
Balance at September 30, 2019	291,000	—	$	—

Schedule of activity

	Liability Awards
	SAR		RSU		PSU
Other Share/Unit Awards:
Balance at January 1, 2019	89,443		13,170		19,122
Exercised	—		(3,051	)	(5,426	)
Forfeited	(1,230	)	(307	)	(616	)
Granted	—		—		—
Balance at September 30, 2019	88,213		9,812		13,080

Summary of information about stock options and SARs outstanding

The following table summarizes information about SARs outstanding at September 30, 2019. There were no options outstanding as of September 30, 2019.

	SARs Outstanding
	Number Outstanding		Weighted- Average Remaining Contractual Life	Number Exercisable
Exercise prices:
$132.56	19,568		2.2 years	19,568
$210.22	25,000		4.2 years	16,400
$216.48	11,649		6.4 years	11,649
$311.16	10,162		7.4 years	6,753
$310.55	203		7.6 years	135
$334.34	9,557		8.2 years	3,180
$303.77	12,074		9.2 years	—
Totals	88,213			57,685
Aggregate intrinsic value (in thousands)	$	4,716		$	4,216

Summary of assumptions employed using Black-Scholes option pricing model

In estimating the fair value of the share-based awards outstanding at September 30, 2019 and December 31, 2018, the Company employed the Black-Scholes option pricing model with assumptions detailed below.

	September 30, 2019		December 31, 2018
Expected term	2.2 to 9.2 years		3.0 to 10.0 years
Expected volatility weighted-average	21.93	%	22.14	%
Expected dividend yield	0.13	%	0.12	%
Risk-free rate weighted-average	1.70	%	2.58	%