Compensation Plans (Tables)



(in thousands, except share and per share data)	2014 - 2016 Cycle		2015 - 2017 Cycle
Shares issuable at target	107,642		126,000
Maximum shares issuable	141,577		157,250
Unrecognized compensation cost	$	746	$	1,454
Weighted average grant date fair value	$	16.84	$	19.21

Following is a summary of the employee stock option and SSAR activity for 2015.



(in thousands, except share and per share data)	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2015	401,581		$	19.24
Granted	—		—
Exercised	(13,478	)	21.54
Forfeited	—		—
Outstanding at December 31, 2015	388,103		$	19.15	2.8 years	$	3,569
Exercisable at December 31, 2015	388,103		$	19.15	2.8 years	$	3,569

A summary of the status of the Company's RSU awards as of December 31, 2015 and changes during the year then ended is presented below.



	Shares		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2015	139,849		$	13.81
Granted	6,088		20.69
Vested	(58,679	)	13.79
Forfeited	(904	)	13.33
Outstanding at December 31, 2015	86,354		$	14.31

Various information related to the stock options and SSARs is shown below.



(in thousands)	2015		2014		2013
Compensation expense	$	50	$	103	$	213
Intrinsic value of option exercises on date of exercise	$	74	$	226	$	300
Cash received from the exercise of stock options	$	126	$	149	$	2,040

Various information related to the RSUs is shown below.



(in thousands)	2015		2014		2013
Compensation expense	$	725	$	945	$	1,142
Total fair value at vesting date	809		913		828
Total unrecognized compensation cost for nonvested stock units	942		1,462		2,168
Expected years to recognize unearned compensation	1.7 years		2.7 years		3.6 years

Various information related to the Director Plan is shown below.



(in thousands, except share and per share data)	2015		2014		2013
Shares issued	16,283		23,135		16,990
Weighted average fair value	$	24.43	$	19.20	$	15.40
Compensation expense	$	373	$	329	$	262