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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Stock-Based Compensation  
Summary of the Company's stock option and restricted stock activity (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted-

    

 

 

    

 

    

Weighted-

 

 

 

 

 

Average

 

Aggregate

 

 

 

Average

 

 

 

Stock

 

Exercise

 

Intrinsic

 

Restricted

 

Grant-Date

 

 

    

Options

    

Price

    

Value

    

Stock

    

Fair Value

 

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

 

47,700

 

$

51.52

 

$

1,018

 

17,290

 

$

65.46

 

Granted

 

9,900

 

 

57.80

 

 

 —

 

16,346

 

 

60.48

 

Exercised (stock options); vested (restricted stock)

 

(1,000)

 

 

27.98

 

 

(30)

 

(16,140)

 

 

68.10

 

Forfeited

 

 —

 

 

 —

 

 

 —

 

(85)

 

 

64.05

 

Outstanding (stock options); non-vested (restricted stock) at December 31, 2015

 

56,600

 

$

53.03

 

$

357

 

17,411

 

$

57.75

 

Exercisable at December 31, 2015

 

56,600

 

$

53.03

 

$

357

 

n/a

 

 

n/a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2015

    

2014

    

2013

 

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

 

$

10.79

 

$

14.62

 

$

12.47

 

Weighted-average remaining contractual life for stock options in years

 

 

6.32

 

 

6.46

 

 

6.04

 

Total fair value of stock options vested during the year

 

$

107

 

$

145

 

$

123

 

Total intrinsic value of stock options exercised during the year

 

$

30

 

$

657

 

$

263

 

Total fair value of restricted stock vested during the year

 

$

1,099

 

$

955

 

$

811