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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
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, 2016

 

59,500

 

$

58.36

 

$

1,035

 

17,697

 

$

64.01

 

Granted

 

9,900

 

 

77.89

 

 

 —

 

17,179

 

 

77.44

 

Exercised (stock options); vested (restricted stock)

 

(2,000)

 

 

35.95

 

 

86

 

(16,730)

 

 

73.32

 

Forfeited

 

 —

 

 

 —

 

 

 —

 

(482)

 

 

65.97

 

Outstanding (stock options); non-vested (restricted stock) at December 31, 2017

 

67,400

 

$

61.90

 

$

1,033

 

17,665

 

$

69.96

 

Exercisable at December 31, 2017

 

67,400

 

$

61.90

 

$

1,033

 

n/a

 

 

n/a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

    

2016

    

2015

 

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

 

$

17.61

 

$

13.12

 

$

10.79

 

Weighted-average remaining contractual life for stock options in years

 

 

6.57

 

 

6.78

 

 

6.32

 

Total fair value of stock options vested during the year

 

$

174

 

$

130

 

$

107

 

Total intrinsic value of stock options exercised during the year

 

$

86

 

$

150

 

$

30

 

Total fair value of restricted stock vested during the year

 

$

1,232

 

$

907

 

$

1,099