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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary Information for Restricted Stock Awards and Incentive Compensation Stock Awards

The following table summarizes information for restricted stock awards and incentive compensation stock awards for 2018:

 

 

Restricted Stock -

Service Based

 

 

Restricted Stock -

Performance Based

 

 

Incentive Compensation Stock

 

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

 

Number of

Awards

 

 

Weighted-

Average

Grant-Date

Fair Value

 

January 1, 2018

 

 

314,840

 

 

$

151.84

 

 

 

139,999

 

 

$

150.34

 

 

 

38,510

 

 

$

166.67

 

Awarded

 

 

64,352

 

 

$

211.03

 

 

 

37,138

 

 

$

212.12

 

 

 

18,180

 

 

$

212.12

 

Distributed

 

 

(88,674

)

 

$

159.04

 

 

 

(20,219

)

 

$

126.01

 

 

 

(20,992

)

 

$

138.54

 

Forfeited

 

 

(12,371

)

 

$

211.63

 

 

 

(4,979

)

 

$

182.90

 

 

 

(322

)

 

$

184.74

 

December 31, 2018

 

 

278,147

 

 

$

158.29

 

 

 

151,939

 

 

$

174.74

 

 

 

35,376

 

 

$

206.55

 

Summary Information for Stock Options

The following table includes summary information for stock options as of December 31, 2018:

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-Average Remaining Contractual Life (years)

 

Outstanding at January 1, 2018

 

 

301,958

 

 

$

91.44

 

 

 

 

 

Exercised

 

 

(89,557

)

 

$

81.06

 

 

 

 

 

Terminated

 

 

(2,011

)

 

$

83.32

 

 

 

 

 

Outstanding at December 31, 2018

 

 

210,390

 

 

$

95.93

 

 

 

3.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2018

 

 

197,241

 

 

$

92.02

 

 

 

3.4

 

Schedule of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense for the years ended December 31, 2018, 2017 and 2016, unrecognized compensation cost for nonvested awards at December 31, 2018 and the weighted-average period over which unrecognized compensation cost will be recognized:

 

(add 000, except year data)

 

Stock

Options

 

 

Restricted

Stock

 

 

Incentive Compensation Stock

 

 

Directors’ Awards

 

 

Total

 

Stock-based compensation expense recognized for years

   ended December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

$

242

 

 

$

27,650

 

 

$

729

 

 

$

632

 

 

$

29,253

 

2017

 

$

684

 

 

$

28,657

 

 

$

661

 

 

$

458

 

 

$

30,460

 

2016

 

$

1,646

 

 

$

17,747

 

 

$

442

 

 

$

646

 

 

$

20,481

 

Unrecognized compensation cost at December 31, 2018:

 

$

50

 

 

$

21,992

 

 

$

495

 

 

$

 

 

$

22,537

 

Weighted-average period over which unrecognized

   compensation cost will be recognized:

 

0.4 years

 

 

1.6 years

 

 

1.6 years

 

 

 

 

 

 

 

 

 

Stock-Based Compensation Expense in Future for Outstanding Awards

The following presents expected stock-based compensation expense in future periods for outstanding awards as of December 31, 2018:

(add 000)

 

 

 

 

2019

 

$

16,191

 

2020

 

 

5,843

 

2021

 

 

409

 

2022

 

 

94

 

Total

 

$

22,537