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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2019
Share-based Compensation [Abstract]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below:
 
Three months ended March 31,
 
2019
2018
Options
Weighted-Average Exercise Price
Options
Weighted-Average Exercise Price
Outstanding at January 1
57,972

$
51.15

87,605

$
47.15

Exercised
(5,638
)
44.74

(7,387
)
37.85

Outstanding at March 31
52,334

$
51.84

80,218

$
48.00

 
 
 
 
 
Exerciseable at March 31
14,146

$
44.70

24,943

$
40.38


 
Information regarding stock option exercises and stock-based compensation expense associated with stock options is provided in the following table (in thousands):    
 
Three months ended March 31,
 
2019
2018
Proceeds from stock option exercises
$
252

$
280

Intrinsic value of stock options exercised
177

220

 
 
 
Stock-based compensation expense associated with stock options
$
37

$
54

 
 
 
At period-end:
March 31, 2019
 
Unrecognized stock-based compensation expense associated with stock options
$
167

 
Weighted average period (in years) in which the above amount is expected to be
 
 
   recognized
1.9

 
Stock Options Outstanding And Exercisable

Additional information regarding stock options outstanding and exercisable at March 31, 2019 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)
$35.00 - $39.99
38

$
37.74

3.9
$
1

38

$
37.74

3.9

1

40.00 - 44.99
27,016

43.89

6.5
873

10,784

44.14

5.8

346

45.00 - 49.99
7,649

46.61

5.9
226

3,324

46.61

5.9

98

65.00 - 70.00
17,631

66.32

7.9
174





 
52,334

 
 
$
1,274

14,146

 
 
$
445

Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
Three months ended March 31,
 
2019
2018
Restricted Awards
Average Market Price at Grant
Restricted Awards
Average Market Price at Grant
Outstanding at January 1
152,692

$
51.85

170,033

$
44.34

Granted
13,531

79.46

23,163

68.63

Vested
(23,667
)
45.60

(20,864
)
40.44

Outstanding at March 31
142,556

$
55.51

172,332

$
48.08



Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):

 
Three months ended March 31,
 
2019
2018
Stock-based compensation expense associated with restricted shares
$
434

$
379

 
 
 
At period-end:
March 31, 2019
 
Unrecognized stock-based compensation expense associated with restricted shares
$
4,403

 
Weighted average period (in years) in which the above amount is expected to be
 
 
   recognized
3.1

 
Net Periodic Pension Cost Of The Defined Benefit Plan
The following table presents details of the Company's activities pursuant to these plans (in thousands):
 
Three months ended March 31,
2019
2018
Components of net periodic cost:
 
 
Interest cost
$
140

$
147

Expected return on plan assets
(214
)
(270
)
Net amortization and deferral
229

218

Net Periodic Pension Cost
$
155

$
95

 
 
 
401(k) Plan expense
$
259

$
218