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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes the activity of stock options for the year ended December 31, 2016 for employees:

 

 

 

Options

 

 

Weighted Average Exercise price

 

 

Weighted Average Remaining Contractual Life

(years)

 

 

Aggregate Intrinsic Value

(000’s)

 

Outstanding at December 31, 2015

 

 

353,525

 

 

$

31.63

 

 

 

 

 

 

 

 

 

Granted

 

 

209,310

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(124,065

)

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(11,400

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

427,370

 

 

$

32.15

 

 

 

5.3

 

 

$

5,128

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2016

 

 

24,600

 

 

$

27.28

 

 

 

3.3

 

 

$

415

 

 

Summary of Weighted Average Assumptions Used In Valuing Options

The following table summarizes the weighted average assumptions used in valuing options for the years ended December 31, 2016, 2015 and 2014:

 

 

 

 

 

2016

 

 

2015

 

 

2014

 

Risk free interest rate

 

 

 

 

1.63

%

 

 

1.54

%

 

 

1.58

%

Expected life in years

 

 

 

 

4.5

 

 

 

4.5

 

 

 

4.5

 

Expected volatility

 

 

 

 

41.42

%

 

 

40.82

%

 

 

44.33

%

Dividend rate

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Unvested Option

The following table summarizes the status of the Company’s unvested options as of December 31, 2016 and changes during the year ended December 31, 2016:

 

 

 

 

 

 

 

Options

 

 

Weighted Average Grant-date Fair  Value

 

Unvested at December 31, 2015

 

 

 

 

 

 

295,415

 

 

$

13.59

 

Granted

 

 

 

 

 

 

209,310

 

 

 

9.99

 

Vested

 

 

 

 

 

 

(101,955

)

 

 

12.95

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at December 31, 2016

 

 

 

 

 

 

402,770

 

 

$

11.88

 

 

Summary of Restricted Stock Activity

The following table summarizes restricted stock activity during the year ended December 31, 2016:

 

 

 

 

 

 

 

Shares

 

 

Weighted Average Grant-date Fair  Value

 

Restricted Stock at December 31, 2015

 

 

 

 

 

 

66,135

 

 

$

17.39

 

Granted

 

 

 

 

 

 

18,215

 

 

 

27.45

 

Vested

 

 

 

 

 

 

(18,182

)

 

 

11.00

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock at December 31, 2016

 

 

 

 

 

 

66,168

 

 

$

21.91