Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of shares available for grant and stock option activity

A summary of awards by type and related activity is detailed below.

		Options Outstanding
	Shares Available For Grant	Shares	Weighted- Average Exercise Price
Stock Options:
Balance at January 1, 2020	291,000	—	$	—
Exercised	—	—	$	—
Forfeited	—	—	$	—
Expired	—	—	$	—
Stock options granted	—	—	$	—
Balance at September 30, 2020	291,000	—	$	—

Schedule of activity

	Liability Awards
	SAR	RSU	PSU
Other Share/Unit Awards:
Balance at January 1, 2020	107,517	14,352	19,108
Exercised	(1,372)	(2,357)	(4,150)
Forfeited	(1,797)	(259)	—
Granted	—	—	—
Balance at September 30, 2020	104,348	11,736	14,958

Summary of information about stock options and SARs outstanding

The following table summarizes information about SARs outstanding at September 30, 2020. There were no options outstanding as of September 30, 2020.

	SARs Outstanding
	Number Outstanding		Weighted- Average Remaining Contractual Life	Number Exercisable
Exercise prices:
$132.56	19,118		1.2 years	19,118
$210.22	23,550		3.2 years	19,600
$216.48	11,149		5.4 years	11,149
$311.16	9,797		6.2 years	9,797
$310.55	203		6.6 years	203
$334.34	9,264		7.0 years	6,254
$303.77	11,462		8.0 years	3,967
$252.91	19,805		9.1 years	249
Totals	104,348			70,337
Aggregate intrinsic value (in thousands)	$	960		$	960

Summary of assumptions employed using Black-Scholes option pricing model

In estimating the fair value of the SARs outstanding at September 30, 2020 and December 31, 2019, the Company employed the Black-Scholes option pricing model with assumptions detailed below.

	September 30, 2020	December 31, 2019
Expected term	1.2 to 9.1 years	1.9 to 10 years
Expected volatility weighted-average	32.85 %	22.19	%
Expected dividend yield	0.20 %	0.12	%
Risk-free rate weighted-average	0.17 %	1.61	%