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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock-Based Compensation  
Summary of the Company's stock option and restricted stock activity

 

                                                                                                                                                                                    

 

 

Stock
Options

 

Weighted-
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

Restricted
Stock

 

Weighted-
Average
Grant-Date
Fair Value

 

Outstanding (stock options); non-vested (restricted stock) at December 31, 2013

 

 

54,800

 

$

42.58

 

$

1,019

 

 

20,280

 

$

51.69

 

Granted

 

 

9,900

 

 

68.36

 

 

45

 

 

16,015

 

 

65.81

 

Exercised (stock options); vested (restricted stock)

 

 

(17,000

)

 

32.50

 

 

(657

)

 

(16,227

)

 

58.81

 

Forfeited

 

 

 

 

 

 

 

 

(373

)

 

54.10

 

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Outstanding (stock options); non-vested (restricted stock) at December 31, 2014

 

 

47,700

 

$

51.52

 

$

1,018

 

 

19,695

 

$

54.69

 

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Exercisable at December 31, 2014

 

 

47,700

 

$

51.52

 

$

1,018

 

 

n/a

 

 

n/a

 

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2014

 

2013

 

2012

 

Weighted-average fair value of stock options granted during the year

 

$

14.62 

 

$

12.47 

 

$

9.51 

 

​  

​  

​  

​  

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Weighted-average remaining contractual life for stock options in years

 

 

6.46 

 

 

6.04 

 

 

6.21 

 

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​  

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Total fair value of stock options vested during the year

 

$

145 

 

$

123 

 

$

94 

 

Total intrinsic value of stock options exercised during the year

 

$

657 

 

$

263 

 

$

559 

 

Total fair value of restricted stock vested during the year

 

$

955 

 

$

811 

 

$

988