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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Option Activity
Stock option activity for the year ended December 31, 2019 were as follows:
 
 
Number
of Stock Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-Average Remaining Contractual Life (Years)
 
Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2019
 
363,225

 
$
28.33

 
 
 
 
Granted
 
189,170

 
$
41.97

 
 
 
 
Exercised
 
(80,693
)
 
$
24.97

 
 
 
 
Expired
 
(2,857
)
 
$
20.09

 
 
 
 
Forfeited
 
(22,027
)
 
$
29.99

 
 
 
 
Outstanding at December 31, 2019
 
446,818

 
$
34.68

 
7.7
 
$
7,319

Exerciseable at December 31, 2019
 
96,947

 
$
27.70

 
5.3
 
$
2,265
Schedule of Nonvested Options Activity
Changes in nonvested stock options for the year ended December 31, 2019 were as follows:
 
 
Number of Stock Options
 
Weighted-
Average
Grant
Date Fair Value
Nonvested at January 1, 2019
 
292,013

 
$
12.20

     Granted
 
189,170

 
$
15.95

     Vested
 
(109,285
)
 
$
11.95

     Forfeited
 
(22,027
)
 
$
10.24

Nonvested at December 31, 2019
 
349,871

 
$
14.33
Schedule of Assumptions Used
The assumptions used to compute the fair value of stock option grants under the Stock Incentive Plans for years ended December 31, 2019, 2018, and 2017 were as follows:
 
 
Years Ended December 31,
 
 
2019
 
2018
 
2017
Risk-free interest rate
 
1.92
%
 
2.65
%
 
1.75
%
Expected volatility
 
40.44
%
 
53.66
%
 
50.37
%
Expected dividends
 
—

 
—

 
—

Expected term (in months)
 
60

 
36

 
48

The weighted-average assumptions used to determine the net periodic benefit costs under the two plans were as follows:

 
 
Years Ended December 31,
 
 
2019
 
2018
 
2017
Discount rate used to determine pension expense
 
 
 
 
 
 
Pension Plan
 
3.22
%
 
3.64
%
 
4.18
%
LaBarge Retirement Plan
 
2.85
%
 
3.40
%
 
3.75
%


The weighted-average assumptions used to determine the benefit obligations under the two plans were as follows:

 
 
December 31,
 
 
2019
 
2018
 
2017
Discount rate used to determine value of obligations
 
 
 
 
 
 
Pension Plan
 
4.23
%
 
4.23
%
 
3.64
%
LaBarge Retirement Plan
 
4.00
%
 
4.00
%
 
3.40
%
Long-term rate of return - Pension Plan only
 
7.00
%
 
7.00
%
 
7.00
%
Schedule of Restricted Stock Units Activity
Restricted stock unit activity for the year ended December 31, 2019 was as follows:
 
 
Number of Restricted Stock Units
 
Weighted-
Average
Grant
Date Fair Value
Outstanding at January 1, 2019
 
157,937

 
$
28.96

     Granted
 
62,520

 
$
41.04

     Vested
 
(85,279
)
 
$
27.94

     Forfeited
 
(7,755
)
 
$
30.80

Outstanding at December 31, 2019
 
127,423

 
$
36.22
Schedule of Performance-based Units Activity
Performance stock activity for the year ended December 31, 2019 was as follows:
 
 
Number of Performance Stock Units
 
Weighted-
Average
Grant
Date Fair Value
Outstanding at January 1, 2019
 
236,700

 
$
26.21

     Granted
 
58,178

 
$
43.80

     Vested
 
(85,504
)
 
$
19.05

     Forfeited
 
(11,800
)
 
$
33.21

Outstanding at December 31, 2019
 
197,574

 
$
33.98