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Stock-Based Compensation - (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity is as follows:
Options
Number of Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Life (Years)
 
Aggregate Intrinsic Value as of December 31, 2016
Outstanding at December 31, 2013
754,624

 
$
15.01

 
 
 
 
Granted
31,000

 
47.50

 
 
 
 
Exercised
(211,747
)
 
14.85

 
 
 
 
Forfeited
(5,150
)
 
28.28

 
 
 
 
Outstanding at December 31, 2014
568,727

 
$
16.62

 
 
 
 
Granted
89,575

 
69.93

 
 
 
 
Exercised
(79,974
)
 
18.79

 
 
 
 
Forfeited
(5,699
)
 
39.83

 
 
 
 
Outstanding at December 31, 2015
572,629

 
$
24.42

 
 
 
 
Granted
35,800

 
85.99

 
 
 
 
Exercised
(97,855
)
 
14.75

 
 
 
 
Forfeited

 

 
 
 
 
Outstanding at December 31, 2016
510,574

 
$
30.60

 
4.78
 
$
24,129

Vested and Expected to Vest
494,881

 
$
29.20

 
4.65
 
$
24,038

Ending Exercisable
384,810

 
$
17.82

 
3.62
 
$
22,865

Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Granted Stock Options
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
 
For the Year Ended December 31,
 
2016
 
2015
 
2014
Expected volatility
37.0
%
 
38.0
%
 
40.0
%
Dividend yield
3.6
%
 
3.6
%
 
3.8
%
Risk-free interest rate
1.3
%
 
1.5
%
 
1.5
%
Average expected term (years)
5

 
5

 
5

Schedule of Stock Options Outstanding and Exercisable
A summary of stock options outstanding and exercisable as of December 31, 2016, is as follows:
 
 
Options Outstanding
 
Options Exercisable
Exercise Price
 
Shares
 
Weighted Average Remaining Contractual Life
 
Weighted Average Exercise Price
 
Shares
 
Weighted Average Exercise Price
$6.22 - $6.22
 
157,750

 
2.13
 
$
6.22

 
157,750

 
$
6.22

$11.59 - $11.59
 
28,080

 
3.13
 
11.59

 
28,080

 
11.59

$12.21 - $12.21
 
77,400

 
3.18
 
12.21

 
77,400

 
12.21

$19.6 - $28.11
 
59,660

 
4.78
 
24.23

 
59,660

 
24.23

$28.79 - $38.4
 
37,659

 
6.05
 
37.44

 
27,197

 
37.08

$47.5 - $47.5
 
24,650

 
7.14
 
47.50

 
12,328

 
47.50

$65.36 - $65.36
 
20,395

 
8.15
 
65.36

 
5,100

 
65.36

$65.45 - $65.45
 
19,180

 
8.14
 
65.45

 
4,795

 
65.45

$73.52 - $73.52
 
50,000

 
8.59
 
73.52

 
12,500

 
73.52

$85.99 - $85.99
 
35,800

 
9.15
 
85.99

 

 

$6.22 - $85.99
 
510,574

 
4.78
 
$
30.60

 
384,810

 
$
17.82

Summary of Company's Employee and Director Share Grant Activity
A summary of the Company’s employee and director share grant activity is as follows:
Restricted Stock Grants
Shares
 
Weighted-Average Grant-Date Fair Value
Unreleased at December 31, 2013
395,360

 
$
26.96

Granted
117,370

 
49.25

Released
(197,386
)
 
23.07

Cancelled
(23,595
)
 
37.19

Unreleased at December 31, 2014
291,749

 
$
37.73

Granted
174,558

 
69.18

Released
(129,808
)
 
34.86

Cancelled
(18,090
)
 
44.54

Unreleased at December 31, 2015
318,409

 
$
55.75

Granted
119,931

 
87.61

Released
(128,808
)
 
50.05

Cancelled
(9,947
)
 
67.36

Unreleased at December 31, 2016
299,585

 
$
70.57