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Note 17 - Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Assumptions Used in Determining the Fair Value of Stock Options for Grants

The following assumptions were used in determining the fair value of stock options for grants issued in 2018, 2017 and 2016:

 

 

 

2018

 

2017

 

2016

Expected volatility

 

40.29% - 41.43%

 

37.73% - 45.91%

 

42.09% - 46.49%

Expected term

 

4.60 - 6.80 years

 

0.97 - 6.80 years

 

0.99 - 6.80 years

Risk-free interest rate

 

2.82% - 2.95%

 

1.06% - 2.22%

 

0.54% - 1.63%

Summary of Stock Option Activity

The following table is a summary of the Company’s stock option activity issued to employees and related information:

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

Number of

Shares

 

 

Exercise

Price

 

 

Options

Exercisable

 

Outstanding at December 31, 2017

 

 

1,484,914

 

 

$

32.53

 

 

 

727,645

 

Granted

 

 

231,455

 

 

 

53.61

 

 

 

 

 

Exercised

 

 

(599,149

)

 

 

23.43

 

 

 

 

 

Forfeited or expired

 

 

(65,597

)

 

 

47.55

 

 

 

 

 

Outstanding at December 31, 2018

 

 

1,051,623

 

 

 

41.41

 

 

 

 

 

Exercisable at December 31, 2018

 

 

450,110

 

 

$

34.40

 

 

 

 

 

Summary of Nonvested Stock Options, Restricted Stock and Performance Shares

A summary of the Company’s nonvested stock options, restricted stock and performance shares activity is presented below:

 

 

 

Nonvested

 

 

 

Stock Options

 

 

Restricted Stock

 

 

Performance Shares

 

 

 

Number

of Shares

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number

of Shares

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number

of Shares

 

 

Weighted-

Average

Grant-Date

Fair Value

 

Nonvested at December 31, 2017

 

 

757,269

 

 

$

15.20

 

 

265

 

 

$

44.23

 

 

 

276,250

 

 

$

42.08

 

Granted

 

 

231,455

 

 

 

21.00

 

 

 

9,779

 

 

 

53.70

 

 

 

71,750

 

 

 

50.49

 

Vested during period

 

 

(321,614

)

 

 

13.84

 

 

 

(10,044

)

 

 

53.45

 

 

 

(46,000

)

 

 

41.36

 

Forfeited

 

 

(65,597

)

 

 

18.22

 

 

 

 

 

 

 

 

 

(150,000

)

 

 

41.73

 

Nonvested at December 31, 2018

 

 

601,513

 

 

$

17.83

 

 

 

-

 

 

$

-

 

 

 

152,000

 

 

$

46.61