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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Cumulative Repurchasing Activity by Plan

The following table summarizes by plan the Company’s repurchasing activity:

 

 

 

 

Cumulative shares

repurchased

 

 

Average price

per share

 

 

Non-Discretionary Plan (1994 through 2019)

 

 

40,000

 

 

$

35.29

 

 

Discretionary Plan (2001 through 2019)

 

 

73,991

 

 

$

46.67

 

 

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table summarizes information about RSUs:

 

 

 

 

Number of

shares

 

 

Weighted average

grant date fair value

 

 

Outstanding at December 31, 2018

 

 

834

 

 

$

62.51

 

 

RSUs granted

 

 

475

 

 

$

75.73

 

 

RSUs vested

 

 

(337

)

 

$

60.92

 

 

RSUs forfeited

 

 

(26

)

 

$

66.03

 

 

Outstanding at December 31, 2019

 

 

946

 

 

$

69.54

 

 

Schedule of Stock Option Activity

The following table summarizes information about stock options:

 

 

 

 

Number of

shares

 

 

Weighted

average

exercise

price

per share

 

 

Weighted

average

remaining

contractual life

 

 

Aggregate

intrinsic

value

 

 

Outstanding at December 31, 2018

 

 

9,353

 

 

$

44.60

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(2,518

)

 

$

43.85

 

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(62

)

 

$

46.89

 

 

 

 

 

 

 

 

 

 

Options canceled

 

 

(10

)

 

$

45.98

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

6,763

 

 

$

44.85

 

 

 

4.33

 

 

$

224,309

 

 

Exercisable at December 31, 2019

 

 

6,159

 

 

$

44.62

 

 

 

4.22

 

 

$

205,731

 

 

Employee Stock Purchase 2002 Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Shared-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used

The fair value of employee stock purchase rights granted under the 2002 Plan is estimated on the date of grant using the Black-Scholes Model with the following assumptions:

 

 

 

 

For the years ended December 31,

 

 

 

 

2019

 

 

2018

 

 

2017

 

 

Dividend yield

 

 

1.40

%

 

 

1.30

%

 

 

1.50

%

 

Volatility

 

 

23

%

 

 

22

%

 

 

14

%

 

Risk-free interest rates

 

 

1.96

%

 

 

2.39

%

 

 

1.22

%

 

Expected life (years)

 

 

1

 

 

 

1

 

 

 

1

 

 

Weighted average fair value

 

$

17.03

 

 

$

17.49

 

 

$

11.69