Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Stock-Based Compensation

Schedule of stock option activity

Following is a summary of stock option activity for the three-year period ending December 31, 2019:

				Weighted-
		Weighted-		Average	Aggregate
		Average		Remaining	Intrinsic
		Exercise		Contractual	Value
	Options	Price		Term	(in thousands)
Outstanding at January 1, 2017	245,717	$	19.82
Exercised	(79,797)	$	15.43
Outstanding and Exercisable at December 31, 2017	165,920	$	21.92	4.2 years	$	2,292
Exercised	(88,053)	$	21.54
Expired	(1,103)	$	21.16
Outstanding and Exercisable at December 31, 2018	76,764	$	22.33	2.9 years	$	446
Exercised	(14,743)	$	23.16
Expired	(2,435)	$	19.86
Outstanding and Exercisable at December 31, 2019	59,586	$	22.26	2.2 years	$	352

Schedule of stock options outstanding and exercisable

The following table summarizes information with respect to stock options outstanding and exercisable under the Company’s plans at December 31, 2019:

	Options Outstanding and Exercisable
				Weighted-
		Weighted-		Average
		Average		Remaining
	Number Of	Exercise		Contractual
Exercise Price	Options	Price		Term
$17.18 – $17.18	4,435	$	17.18	0.2 years
$17.48 – $17.48	14,232	$	17.48	2.2 years
$24.18 – $24.18	17,318	$	24.18	1.2 years
$24.68 – $24.68	23,601	$	24.68	3.2 years
	59,586	$	22.26	2.2 years

Schedule of time-vested stock awards activity

Following is a summary of time-vested stock awards activity for the three-year period ending December 31, 2019:

		Per Share
		Weighted-
		Average
		Grant Date
	Shares	Fair Value
Outstanding unvested at January 1, 2017	223,416	$	25.26
Granted	66,352	$	37.49
Vested	(99,774)	$	25.19
Forfeited	(1,346)	$	31.22
Outstanding unvested at December 31, 2017	188,648	$	29.55
Granted	93,280	$	30.22
Vested	(96,840)	$	28.91
Forfeited	(9,657)	$	27.02
Outstanding unvested at December 31, 2018	175,431	$	30.40
Granted	85,640	$	34.22
Vested	(99,655)	$	30.51
Forfeited	(3,034)	$	35.88
Outstanding unvested at December 31, 2019	158,382	$	32.29

Schedule of performance share award activity

Following is a summary of performance share award activity for the three-year period ending December 31, 2019:

		Per Share
		Weighted-
		Average
		Grant Date
	Shares	Fair Value
Outstanding at January 1, 2017	144,023	$	32.92
Granted at target	47,454	$	47.12
Forfeited for performance below target	(24,873)	$	36.40
Vested	(39,407)	$	40.15
Forfeited	(222)	$	37.22
Outstanding at December 31, 2017	126,975	$	35.29
Granted at target	66,764	$	34.52
Forfeited for performance below target	(42,584)	$	29.73
Vested	(29,655)	$	33.35
Forfeited	(9,247)	$	30.85
Outstanding at December 31, 2018	112,253	$	39.73
Granted at target	72,932	$	39.26
Forfeited for performance below target	(36,581)	$	48.94
Vested	(8,854)	$	58.34
Forfeited	(1,505)	$	43.43
Outstanding at December 31, 2019	138,245	$	37.02