XML 59 R44.htm IDEA: XBRL DOCUMENT

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Activity Related to Stock Options

The following table presents a summary of activity related to stock options granted under the Stock Plans, and changes during the period then ended:

	Number of Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Years		Aggregate Intrinsic Value
Options outstanding at January 1, 2016		465,246		$	14.87
Options granted		-			-
Options exercised		(245,992	)		14.22
Options that expired prior to exercise		(10,000	)		18.18
Options outstanding at December 31, 2016		209,254		$	15.48		2.2	$	966

Options granted		-			-
Options exercised		(51,708	)		15.35
Options that expired prior to exercise		-			-
Options outstanding at December 31, 2017		157,546		$	15.53		1.7	$	1,027
Options vested and exercisable at December 31, 2017		157,546		$	15.53		1.7	$	1,027

Information related to stock options under the Stock Plans during each period is as follows:

	For the Year Ended December 31,
	2017		2016		2015
Cash received for option exercise cost	$	792	$	3,498	$	6,549
Income tax benefit recognized ⁽¹⁾		52		93		264
Intrinsic value of options exercised		314		826		1,143
Compensation expense recognized		-		-		31
Remaining unrecognized compensation expense		-		-		-

⁽¹⁾	Effective January 1, 2017, income tax benefits were recognized as discrete items in income tax expense in accordance to ASU 2016-09. Prior to January, 1, 2017, income tax benefits were recognized through additional paid in capital.

Schedule of Stock Options Outstanding And Vested by Exercise Price Range

The range of exercise prices and weighted-average remaining contractual lives of both outstanding and vested options (by option exercise cost) as of December 31, 2017 were as follows:

			Outstanding Options				Vested Options
			Amount		Weighted Average Contractual Years Remaining		Amount		Weighted Average Contractual Years Remaining
Exercise Prices:
	$	8.34		13,713		1.3		13,713		1.3
	$	12.75		19,827		2.3		19,827		2.3
	$	13.86		12,220		4.3		12,220		4.3
	$	15.46		31,479		3.3		31,479		3.3
	$	16.73		25,307		0.6		25,307		0.6
	$	18.18		55,000		0.4		55,000		0.4
Total				157,546		1.7		157,546		1.7

Summary of Activity Related to Restricted Stock Awards

The following table presents a summary of activity related to the restricted stock awards granted under the Stock Plans, and changes during the periods indicated:

	Number of Shares			Weighted-Average Grant-Date Fair Value
Unvested allocated shares outstanding at January 1, 2016		223,894		$	15.36
Shares granted		60,675			18.11
Shares vested		(116,042	)		15.09
Shares forfeited		(16,118	)		16.29
Unvested allocated shares at December 31, 2016		152,409			16.56

Shares granted		122,329			19.61
Shares vested		(87,455	)		16.43
Shares forfeited		(36,716	)		17.65
Unvested allocated shares at December 31, 2017		150,567		$	18.85

Information related to restricted stock awards under the Stock Plans during each period is as follows:

	For the Year Ended December 31,
	2017		2016		2015
Compensation expense recognized	$	1,358	$	1,549	$	1,855
Income tax benefit recognized		95		78		39
Weighted average remaining years for which compensation expense is to be recognized		2.7		1.6		1.0

Summary of Activity Related to Performance Based Equity Awards

The following table presents a summary of activity related to performance based equity awards and changes during the period:

	Number of Shares			Weighted- Average Grant- Date Fair Value
Maximum aggregate share payout at January 1, 2017		24,730			17.35
Shares granted		71,976			19.75
Shares forfeited		(27,482	)		18.99
Maximum aggregate share payout at December 31, 2017		69,224			19.19
Minimum aggregate share payout		4,433			18.53
Likely aggregate share payout		47,978		$	19.17