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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Activity in Corporation's Active Stock Plans
A combined summary of activity in our active stock plans is presented in the table. Performance stock units outstanding are presented assuming attainment of the maximum payout rate as set forth by the performance criteria. As of June 30, 2019, there were 1,265,480 shares remaining available for grant for future stock-based compensation awards.
 
 
Director Deferred
Stock Units
Outstanding
 
Non-Vested Stock
Awards/Stock Units
Outstanding
 
Performance Stock Units Outstanding
 
Stock Options
Outstanding
 
 
Number of Units
 
Weighted-
Average
Fair Value
at Grant
 
Number
of Shares/Units
 
Weighted-
Average
Fair Value
at Grant
 
Number of Units
 
Weighted-
Average
Fair Value
at Grant
 
Number
of Shares
 
Weighted-
Average
Exercise
Price
Balance, January 1, 2019
 
48,910

 
$
71.14

 
383,797

 
$
85.59

 
125,809

 
$
82.55

 
2,352,008

 
$
63.55

Authorized
 

 

 

 

 

 

 

 

Granted
 
7,592

 
102.70

 
1,957

 
91.96

 

 

 

 

Exercised/vested
 

 

 
(17,800
)
 
65.11

 

 

 
(136,100
)
 
57.61

Forfeited/expired
 

 

 
(3,877
)
 
90.10

 

 

 
(6,875
)
 
65.11

Balance, June 30, 2019
 
56,502

 
$
75.38

 
364,077

 
$
86.58

 
125,809

 
$
82.55

 
2,209,033

 
$
63.91


Shares Issued in Connection with Stock Compensation Awards Shares issued in connection with stock compensation awards along with other related information were as follows:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
New shares issued from available authorized shares

 

 

 

Issued from available treasury stock
53,035

 
110,489

 
153,900

 
428,599

Total
53,035

 
110,489

 
153,900

 
428,599

 
 
 
 
 
 
 
 
Proceeds from stock option exercises
$
2,956

 
$
6,283

 
$
7,841

 
$
25,448


Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
Stock-based compensation expense and the related income tax benefit is presented in the following table.
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
Stock options
$
379

 
$
1,019

 
$
761

 
$
2,104

Non-vested stock awards/stock units
2,056

 
1,371

 
4,191

 
2,839

Director deferred stock units
780

 
720

 
780

 
720

Performance stock units
1,149

 
475

 
2,286

 
1,097

Total
$
4,364

 
$
3,585

 
$
8,018

 
$
6,760

Income tax benefit
$
732

 
$
753

 
$
1,316

 
$
1,420


Unrecognized Stock-Based Compensation Expense
Unrecognized stock-based compensation expense at June 30, 2019 is presented in the table below. Unrecognized stock-based compensation expense related to performance stock units is presented assuming attainment of the maximum payout rate as set forth by the performance criteria.
Stock options
$
465

Non-vested stock awards/stock units
13,441

Performance stock units
4,241

Total
$
18,147