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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for the year ended December 31, 2018 for employees:

 

 

 

Options

 

 

Weighted Average Exercise price

 

 

Weighted Average Remaining Contractual Life

(years)

 

 

Aggregate Intrinsic Value

(000’s)

 

Outstanding at December 31, 2017

 

 

335,000

 

 

$

34.75

 

 

 

 

 

 

 

 

 

Granted

 

 

46,500

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(105,860

)

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(9,330

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

266,310

 

 

$

38.93

 

 

 

4.6

 

 

$

5,289

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2018

 

 

8,830

 

 

$

43.01

 

 

 

3.1

 

 

$

113

 

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, 2018, 2017 and 2016:

 

 

 

 

 

2018

 

 

2017

 

 

2016

 

Risk free interest rate

 

 

 

 

2.24

%

 

 

1.89

%

 

 

1.63

%

Expected life in years

 

 

 

 

4.2

 

 

 

4.5

 

 

 

4.5

 

Expected volatility

 

 

 

 

36.31

%

 

 

36.90

%

 

 

41.42

%

Dividend rate

 

 

 

 

 

 

 

 

 

 

 

Summary of Unvested Option

The following table summarizes the status of the Company’s unvested options as of December 31, 2018 and changes during the year ended December 31, 2018:

 

 

 

 

 

 

 

Options

 

 

Weighted Average Grant-date Fair  Value

 

Unvested at December 31, 2017

 

 

 

 

 

 

309,720

 

 

$

12.38

 

Granted

 

 

 

 

 

 

46,500

 

 

 

23.74

 

Vested

 

 

 

 

 

 

(89,410

)

 

 

15.41

 

Forfeited

 

 

 

 

 

 

(9,330

)

 

 

13.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at December 31, 2018

 

 

 

 

 

 

257,480

 

 

$

13.36

 

Summary of Restricted Stock Activity The following table summarizes restricted stock activity during the year ended December 31, 2018:

 

 

 

 

 

 

 

Shares

 

 

Weighted Average Grant-date Fair  Value

 

Restricted Stock at December 31, 2017

 

 

 

 

 

 

57,857

 

 

$

42.10

 

Granted

 

 

 

 

 

 

16,562

 

 

 

73.35

 

Vested

 

 

 

 

 

 

(2,896

)

 

 

47.46

 

Forfeited

 

 

 

 

 

 

(1,162

)

 

 

57.48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock at December 31, 2018

 

 

 

 

 

 

70,361

 

 

$

48.98