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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Stock-Based Compensation [Abstract]  
Unvested Restricted Stock Units Activity
The Company has outstanding restricted stock granted from various plans at December 31, 2019. The Company recognized $4.2 million, $3.9 million and $3.5 million in stock-based compensation expense related to these stock awards for the years ended December 31, 2019, 2018 and 2017, respectively. Tax benefits recognized with respect to restricted stock awards and stock units were $1.1 million, $1.2 million and $2.5 million for the years ended December 31, 2019, 2018 and 2017, respectively. Unrecognized compensation cost related to restricted stock units totaled $5.5 million at December 31, 2019 and will be recognized over 1.8 years on a weighted average basis. Shares issued are funded from the Company’s treasury stock. The following table summarizes information for unvested restricted stock units outstanding as of December 31, 2019:


 
Number of
Shares
   
Weighted-
Average Grant
Date Fair Value
 
Unvested at January 1, 2019
   
546,054
   
$
28.39
 
Forfeited
   
(10,886
)
   
31.06
 
Vested
   
(121,774
)
   
25.66
 
Granted
   
142,046
     
33.04
 
Unvested at December 31, 2019
   
555,440
   
$
30.11
 
Stock Option Activity The following table summarizes information concerning stock options outstanding:

(In thousands, except share and per share data)
 
Number of
Shares
   
Weighted
Average
Exercise Price
   
Weighted
Average
Remaining
Contractual
Term (in
Years)
   
Aggregate
Intrinsic
Value
 
Outstanding at January 1, 2019
   
66,900
   
$
23.07
             
Exercised
   
(32,505
)
   
22.31
             
Expired
   
(1,250
)
   
25.38
             
Outstanding at December 31, 2019
   
33,145
   
$
23.73
     
1.86
   
$
558,066
 
                                 
Exercisable at December 31, 2019
   
33,145
   
$
23.73
     
1.86
   
$
558,066
 
Cash Proceeds, Tax Benefits and Intrinsic Value of Stock Options Exercised
Total stock-based compensation expense for stock option awards totaled $1 thousand, $11 thousand and $18 thousand for the years ended December 31, 2019, 2018 and 2017, respectively. Cash proceeds, tax benefits and intrinsic value related to total stock options exercised is as follows: 


 
Years ended December 31,
 
(In thousands)
 
2019
   
2018
   
2017
 
Proceeds from stock options exercised
 
$
725
   
$
999
   
$
3,083
 
Tax benefits related to stock options exercised
   
123
     
173
     
650
 
Intrinsic value of stock options exercised
   
490
     
692
     
1,699
 
Fair value of shares vested during the year
   
13
     
16
     
329