XML 106 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Stockholders' Equity Attributable to Parent [Abstract]  
Assumptions Used in Estimating Fair Value of Options Granted
The value of the options granted was estimated at the date of grant using the Black-Scholes pricing model using the following assumptions:
Risk-free rate of return
 
1.26
%
Dividend yield
 
1.25
%
Expected share price volatility(1)
 
18.50
%
Expected life in years(2)
 
6.3 years
Share-based Compensation, Stock Options, Activity
A summary of option activity under the employee share option plan as of December 31, 2019, and changes during the year then ended is presented below:
 
 
Number of Shares
 
Weighted-average exercise price
 
Weighted-average remaining years of contractual life
 
Aggregate intrinsic value (in thousands)
Outstanding at December 31, 2018
 
804,303

 
$
16.00

 
 
 
 
Granted
 
—

 
—

 
 
 
 
Forfeited
 
(18,068
)
 
16.00

 
 
 
 
Exercised
 
(171,890
)
 
16.00

 
 
 
 
Outstanding at December 31, 2019
 
614,345

 
$
16.00

 
6.6
 
$
52,625

Exercisable at December 31, 2019
 
393,614

 
$
16.00

 
6.6
 
$
33,717
Nonvested Restricted Stock Shares Activity
A summary of all restricted stock activity under the equity compensation plans for the year ended is as follows:
 
 
December 31, 2019
 
 
Number of Shares
 
Weighted Average Grant Date Fair Value per Share
Nonvested outstanding at the beginning of the period
 
92,465

 
$
52.98

Granted
 
62,015

 
$
80.59

Vested
 
(27,628
)
 
$
51.53

Forfeited
 
(4,129
)
 
$
60.58

Nonvested outstanding at the end of the period
 
122,723

 
$
67.01