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EQUITY AWARDS (Tables)
3 Months Ended
Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity in the Plan during the three months ended March 31, 2021 and 2020 follows:

 

Three Months Ended March 31, 2021

 

Number of

Shares

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Life in

Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding at beginning of year

 

 

506,200

 

 

$

26.81

 

 

 

5.82

 

 

$

1,805

 

Effect of 10% stock dividend

 

 

50,770

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

24,500

 

 

 

33.37

 

 

 

9.86

 

 

 

83

 

Exercised

 

 

(24,250

)

 

 

21.74

 

 

 

3.28

 

 

 

364

 

Forfeited

 

 

(10,000

)

 

 

28.54

 

 

 

5.97

 

 

 

82

 

Balance, March 31, 2021

 

 

547,220

 

 

$

24.81

 

 

 

5.88

 

 

$

6,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

296,922

 

 

$

23.49

 

 

 

4.64

 

 

$

3,938

 

 

 

Three Months Ended March 31, 2020

 

Number of

Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Life in

Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding at beginning of year

 

 

508,000

 

 

$

26.68

 

 

 

6.24

 

 

$

3,159

 

Granted

 

 

23,000

 

 

 

29.00

 

 

 

9.84

 

 

 

11

 

Exercised

 

 

(3,000

)

 

 

24.00

 

 

 

2.54

 

 

 

 

Forfeited

 

 

(24,400

)

 

 

31.72

 

 

 

8.46

 

 

 

 

Balance, March 31, 2020

 

 

503,600

 

 

$

26.55

 

 

 

6.07

 

 

$

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

 

260,880

 

 

$

25.26

 

 

 

5.01

 

 

$

7

 

Schedule of Nonvested Stock Option Activity

A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2021 and 2020 follows:

 

Three Months Ended March 31, 2021

 

Number of

Shares

 

 

Weighted-Average

Grant

Date Fair Value

 

Outstanding at beginning of year

 

 

214,680

 

 

$

4.46

 

Effect of 10% stock dividend

 

 

23,218

 

 

 

 

 

Granted

 

 

24,500

 

 

 

5.67

 

Vested

 

 

(12,100

)

 

 

(4.59

)

Forfeited

 

 

 

 

 

 

Balance, March 31, 2021

 

 

250,298

 

 

$

5.11

 

 

Three Months Ended March 31, 2020

 

Number of

Shares

 

 

Weighted-Average

Grant

Date Fair Value

 

Outstanding at beginning of year

 

 

251,120

 

 

$

4.97

 

Granted

 

 

23,000

 

 

 

5.62

 

Vested

 

 

(8,200

)

 

 

(5.18

)

Forfeited

 

 

(23,200

)

 

 

(1.93

)

Balance, March 31, 2020

 

 

242,720

 

 

$

5.90

 

 

Plan Information

Information related to stock options in the Plan is as follows for the three months ended:

 

 

 

March 31, 2021

 

 

March 31, 2020

 

Intrinsic value of options exercised

 

$

364

 

 

$

 

Cash received from options exercised

 

 

527

 

 

 

72

 

Weighted average fair value of options granted

 

 

5.67

 

 

 

5.62

 

Summary of Restricted Stock Awards and Units Activity

A summary of restricted stock activity in the Plan during the three months ended March 31, 2021 and 2020 follows:

 

Three Months Ended March 31, 2021

 

Number of

Shares

 

 

Weighted-Average

Grant

Date Fair Value

 

Outstanding at beginning of year

 

 

35,300

 

 

$

29.72

 

Effect of 10% stock dividend

 

 

3,530

 

 

 

 

Granted

 

 

 

 

 

 

Vested

 

 

(4,840

)

 

 

30.25

 

Forfeited

 

 

 

 

 

 

Balance, March 31, 2021

 

 

33,990

 

 

$

26.95

 

 

Three Months Ended March 31, 2020

 

Number of

Shares

 

 

Weighted-Average

Grant

Date Fair Value

 

Outstanding at beginning of year

 

 

31,459

 

 

$

30.29

 

Granted

 

 

 

 

 

 

Vested

 

 

(6,100

)

 

 

30.25

 

Forfeited

 

 

 

 

 

 

Balance, March 31, 2020

 

 

25,359

 

 

$

30.29