XML 79 R26.htm IDEA: XBRL DOCUMENT v3.2.0.727
Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2015
Share-based Compensation [Abstract]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below:
 
Six months ended June 30,
 
2015
 
2014
Options
 
Weighted-Average Exercise Price
 
Options
 
Weighted-Average Exercise Price
Outstanding at January 1
167,554

 
$
36.74

 
173,601

 
$
35.26

Granted
12,961

 
46.41

 
13,953

 
44.43

Exercised
(29,250
)
 
34.30

 
(19,000
)
 
29.13

Forfeited
(4,000
)
 
31.66

 
—

 
—

Outstanding at June 30
147,265

 
$
38.22

 
168,554

 
$
36.71
Stock Options Outstanding And Exercisable
Additional information regarding stock options outstanding and exercisable at June 30, 2015, is provided in the following table:
Ranges of Exercise Prices
No. of Options Outstanding
Weighted-Average Exercise Price
Weighted-Average Remaining Contractual Life (Years)
Aggregate Intrinsic Value (in thousands)
No. of Options Currently Exercisable
Weighted-Average Exercise Price of Options Currently Exercisable
Weighted-Average Remaining Contractual Life (Years)
Aggregate Intrinsic Value of Options Currently Exercisable (in thousands)
25.00 - 29.99
1,250

28.15

3.8
$
26

1,250

$
28.15

3.8

$
26

30.00 - 34.99
20,250

31.69

4.4
356

20,250

31.69

4.4

356

35.00 - 39.99
90,351

37.44

4.3
1,067

42,000

39.04

1.5

429

40.00 - 44.99
22,453

43.09

6.5
138

8,500

40.88

2.8

71

45.00 - 50.00
12,961

46.41

9.7
37

—

—

—

—

 
147,265

 
 
$
1,624

72,000

 
 
$
882
Weighted Average Assumptions Estimate The Fair Value Of Options Granted
 The following weighted average assumptions were used to estimate the fair value of options granted:

 
Six months ended June 30,
 
2015
 
2014
Risk-free interest rate
1.95
%
 
2.42
%
Expected dividend yield
3.50
%
 
3.60
%
Volatility factor
45.40
%
 
48.75
%
Expected life of option
7.0 years

 
8.0 years
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
Six months ended June 30,
 
2015
 
2014
Restricted Awards
 
Average Market Price at Grant
 
Restricted Awards
 
Average Market Price at Grant
Outstanding at January 1
163,431

 
 
 
142,469

 
 
Granted
25,440

 
$
46.35

 
25,062

 
$
43.05

Forfeited/Vested
(17,050
)
 
 

 
(6,200
)
 
 

Outstanding at June 30
171,821

 
 

 
161,331

 
 
Net Periodic Pension Cost Of The Defined Benefit Plan
The following table presents the components of the net periodic pension cost of the Defined Benefit Plans (in thousands):

 
Three months ended June 30,
 
Six months ended June 30,
2015
 
2014
 
2015
 
2014
Components of net periodic cost:
 
 
 
 
 
 
 
Interest cost
$
203

 
$
209

 
$
465

 
$
425

Expected return on plan assets
(234
)
 
(252
)
 
(523
)
 
(527
)
Net amortization and deferral
244

 
150

 
471

 
388

Net Periodic Pension Cost
$
213

 
$
107

 
$
413

 
$
286