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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of unvested restricted stock awards

The following tables summarize the unvested restricted stock awards at September 30, 2017 and 2016.

 

    Nine Months Ended September 30,  
    2017     2016  
Perfomance Awards   Shares     Weighted-Average Grant Date Fair Value     Shares     Weighted-Average Grant Date Fair Value  
                         
Unvested at beginning     33,226     $ 42.60           $  
Issued     36,523       57.49       34,957       42.60  
Forfeited     (3,097 )     42.60       (1,731 )     42.60  
Vested     (4,314 )     54.92              
Unvested at end     62,338     $ 50.45       33,226     $ 42.60  

 

    Nine Months Ended September 30,  
    2017     2016  
Time Vested Awards   Shares     Weighted-Average Grant Date Fair Value     Shares     Weighted-Average Grant Date Fair Value  
                         
Unvested at beginning     262,966     $ 33.60       369,093     $ 24.43  
Issued     91,097       62.70       104,775       46.39  
Forfeited     (1,477 )     47.69       (7,815 )     40.17  
Vested     (187,600 )     30.07       (195,738 )     22.53  
Unvested at end     164,986     $ 53.56       270,315     $ 33.87
Schedule of activity of stock options

Below is a summary of stock option activity for the nine months ended September 30, 2017 and 2016. The information excludes restricted stock units and awards.

 

    Nine Months Ended September 30,  
    2017     2016  
    Shares     Weighted-Average Exercise Price     Shares     Weighted-Average Exercise Price  
                         
Beginning balance     216,859     $ 8.80       298,740     $ 9.97  
Issued                 3,000       49.49  
Exercised     (64,420 )     7.46       (24,458 )     13.10  
Forfeited                 (1,100 )     15.48  
Expired                 (6,637 )     12.87  
Ending balance     152,439     $ 9.36       269,545     $ 10.03  
Schedule of stock option by exercise price range

The following summarizes information about stock options outstanding at September 30, 2017. The information excludes restricted stock units and awards.

 

                        Weighted-Average  
Outstanding:     Stock Options     Weighted-Average     Remaining  
Range of Exercise Prices     Outstanding     Exercise Price     Contractual Life  
$5.76     $10.72       101,075     $ 5.76       1.26  
$10.73     $11.40       41,389       10.84       0.77  
$11.41     $24.86       3,225       22.79       6.02  
$24.87     $49.91       6,750       47.83       8.37  
              152,439     $ 9.36       1.54  

 

Exercisable:     Stock Options     Weighted-Average  
Range of Exercise Prices     Exercisable     Exercise Price  
$5.76     $10.72       66,377     $ 5.76  
$10.73     $11.40       41,389       10.84  
$11.41     $24.86       2,065       23.18  
$24.87     $49.91       750       49.49  
              110,581     $ 8.28  
Schedule of valuation assumptions used for stock options

There were no grants of stock options during the nine months ended September 30, 2017.

 

    Nine Months Ended     Years Ended December 31,  
    September 30, 2017     2016     2015  
Expected volatility     n/a       24.23 %     31.21 %
Weighted-Average volatility     n/a       24.23 %     31.21 %
Expected dividends                  
Expected term (in years)     n/a       7.0       7.0  
Risk-free rate     n/a       1.37 %     1.64 %
Weighted-average fair value (grant date)     n/a     $ 14.27     $ 16.73