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Stock Options and Restricted Stock (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

The following table summarizes information about the stock option activity under the 2005 Incentive Plan:

 

  

 

Shares

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Life (in years)

 

Outstanding at January 1, 2017

 

 

20,000

 

 

 

8.71

 

 

 

3.1

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Canceled, forfeited, or expired

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

20,000

 

 

 

5.21

 

 

 

2.1

 

Exercisable at December 31, 2017

 

 

20,000

 

 

 

5.21

 

 

 

2.1

 

Outstanding at January 1, 2018

 

 

20,000

 

 

 

5.21

 

 

 

2.1

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

(15,000

)

 

 

4.46

 

 

 

0.9

 

Canceled, forfeited, or expired

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

5,000

 

 

 

3.95

 

 

 

1.9

 

Exercisable at December 31, 2018

 

 

5,000

 

 

 

3.95

 

 

 

1.9

 

Outstanding at January 1, 2019

 

 

5,000

 

 

 

3.95

 

 

 

1.9

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

(5,000

)

 

 

3.95

 

 

 

0.9

 

Canceled, forfeited, or expired

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

 

 

 

 

 

 

 

 

Weighted Average Grant Date Fair Values of Options Granted

 

 

2019

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Cash received from option exercises

 

$

20

 

 

$

67

 

 

$

 

Total intrinsic value of options exercised

 

 

287

 

 

 

766

 

 

 

 

Aggregate intrinsic value of vested options outstanding

 

 

 

 

 

264

 

 

 

1,128

 

Restricted Stock Activity

The following table summarizes information about the restricted stock activity under the 2005 Incentive Plan:

 

  

 

Shares

 

 

Weighted-

Average Grant-

Date Fair Value

per Share

 

Nonvested balance at January 1, 2017

 

 

800

 

 

 

27.35

 

Granted

 

 

 

 

 

 

Vested

 

 

(800

)

 

 

27.35

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2017

 

 

 

 

 

 

Granted

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2018

 

 

 

 

 

 

Granted

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2019

 

 

 

 

 

 

The following table summarizes information about the common and restricted stock activity under the 2012 Incentive Plan:

  

 

Shares

 

 

Weighted-

AverageGrant-

Date Fair Value

per Share

 

Nonvested balance at January 1, 2017

 

 

76,392

 

 

 

43.91

 

Granted

 

 

9,326

 

 

 

55.58

 

Vested

 

 

(24,839

)

 

 

43.89

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2017

 

 

60,879

 

 

 

45.71

 

Granted

 

 

3,304

 

 

 

59.16

 

Vested

 

 

(24,608

)

 

 

44.31

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2018

 

 

39,575

 

 

 

48.93

 

Granted

 

 

22,713

 

 

 

61.08

 

Vested

 

 

(29,760

)

 

 

51.86

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2019

 

 

32,528

 

 

 

54.02

 

The following table summarizes information about the restricted stock activity under the Non-Employee Director Restricted Stock Plan:

 

 

 

Shares

 

 

Weighted-

Average Grant-

Date Fair Value

per Share

 

Nonvested balance at January 1, 2017

 

 

5,576

 

 

 

64.50

 

Granted

 

 

6,454

 

 

 

54.20

 

Vested

 

 

(5,576

)

 

 

64.50

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2017

 

 

6,454

 

 

 

54.20

 

Granted

 

 

5,761

 

 

 

60.75

 

Vested

 

 

(6,454

)

 

 

54.20

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2018

 

 

5,761

 

 

 

60.75

 

Granted

 

 

4,890

 

 

 

61.34

 

Vested

 

 

(5,761

)

 

 

60.75

 

Forfeited

 

 

 

 

 

 

Nonvested balance at December 31, 2019

 

 

4,890

 

 

 

61.34