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SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2018
Share Based Compensation [Abstract]  
Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions
Nine Months Ended September 30,
20182017
Dividend yield2.64%2.45%
Weighted average expected volatility39.13%40.27%
Weighted average risk-free interest rate2.61%2.14%
Weighted average expected lives (in years)5.615.67
Weighted average grant-date fair value$11.73$13.42
Summary of Share Option Activity

A summary of share option activity for the period indicated is reflected in the following table:

Weighted
NumberWeightedAverageAggregate
ofAverageContractualIntrinsic
CommonExerciseRemainingValue
SharesShare PriceLife (Years)(in thousands)
Balance at January 1, 201887,300$26.22$1,160
Granted16,212$38.15
Exercised(19,918)$21.24$367
Forfeited(920)$36.19
Expired(196)$42.48
Balance at September 30, 201882,478$29.613.9$837
Exercisable at September 30, 201852,771$25.362.9$749
Weighted average fair value of options
granted during the year$11.73
Summary of Activity for Company's Restricted Stock
NumberWeighted
ofAverage
CommonGrant-Date
(In dollars, except share data):SharesFair Value
Restricted stock at January 1, 2018189,035$30.92
Granted82,585$38.93
Vested(64,875)$27.74
Forfeited(1,892)$32.44
Restricted stock at September 30, 2018204,853$35.14