Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Roll-forward of outstanding restricted stock grants issued

The following table represents a roll-forward of outstanding Restricted Stock and related activity during the years ended December 31, 2015 and 2014:

	Shares		Weighted-Average Grant Date Price per Share
Outstanding Restricted Stock as of December 31, 2013	312,099		$	74.17
Grants issued	60,613		124.05
Grants vested	(28,731	)	63.47
Grants forfeited	(8,213	)	77.23
Outstanding Restricted Stock as of December 31, 2014	335,768		$	79.79
Grants issued	82,050		169.50
Grants vested	(84,962	)	73.47
Grants forfeited	(3,500	)	77.81
Outstanding Restricted Stock as of December 31, 2015	329,356		$	108.46

Expense recognition of deferred compensation

Compensation expense recognition of deferred compensation over the remaining vesting periods, adjusted for estimated forfeitures, is as follows:

2016		2017		2018		2019		2020		Thereafter		Total
$	5,243,958	$	4,647,054	$	3,943,960	$	3,039,242	$	1,309,111	$	1,111,459	$	19,294,784

Schedule of Grants Issued and Grant Date Fair Value

The following table represents stock issued as part of our incentive compensation program during the years ended December 31, 2015, 2014, and 2013:

	Shares Issued	Grant Date Value
December 31, 2015	27,192	$	3,826,458
December 31, 2014	33,745	3,984,816
December 31, 2013	59,006	4,606,008

Summary of company expenses attributable to the 401(k) Plan

The following table summarizes the Company’s expenses attributable to the plan during the years ended December 31, 2015, 2014 and 2013:

For the year ended December 31,
2015		2014		2013
$	1,645,434	$	1,356,035	$	1,158,354