Stock Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of stock option activity for the period

The following tables summarize stock option activity in the past three years:

Options granted in 2018, 2017 and 2016 were as follows:

Year	Options		Exercise Price
2018		255,072	$	21.30
2017		397,759	$	14.30
2016		271,350	$	11.62

Options exercised in 2018, 2017 and 2016 were as follows:

Year	Options		Exercise Price
2018		191,169	$9.97 to $20.93
2017		375,292	$9.97 to $20.93
2016		334,836	$9.00 to $14.77

Options outstanding and exercisable at December 31, 2018, 2017 and 2016 were as follows:

Year	Outstanding		Range of Exercise Prices	Exercisable		WeightedAverage Exercise Price
2018		965,659	$10.10 to $21.30		521,202	$	16.08
2017		988,167	$9.97 to $20.93		539,993	$	16.23
2016		1,183,830	$9.97 to $20.93		934,898	$	14.88

The following table provides a summary of stock option activity for the period ended December 31, 2018:

	Shares			Average Exercise Price		Weighted Average Life (in Years)
Outstanding at December 31, 2017		988,167		$	15.13
Options granted		255,072			21.30
Options exercised		(191,169	)		14.30
Canceled or forfeited		(86,411	)		17.65
Expired		—			—
Outstanding at December 31, 2018		965,659			16.69		7.23
Exercisable at December 31, 2018		521,202		$	16.08		6.10

Fair Value of stock options granted assumptions used

The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole. The Company used the binomial lattice option pricing model based on the assumptions set forth in the following table.

	2018			2017			2016
Risk free interest rate		2.90	%		2.50	%		1.80	%
Expected dividend yield		2.50	%		3.80	%		4.60	%
Expected life of award (years)		4.00			4.10			8.00
Expected volatility		42.50	%		50.00	%		50.00	%
Fair value per option	$	6.30		$	4.47		$	3.45

Summary of combined restricted stock units, including performance-based restricted stock units and restricted stock activity for the period

The following table provides a summary of restricted stock units, including performance-based restricted stock units, and restricted stock activity for the year ended December 31, 2018:

	Shares			Average Grant-Date Fair Value
Unvested shares at December 31, 2017		412,650
Granted		178,005		$	21.65
Vested		(104,737	)		14.09
Forfeited		(62,123	)		16.94
Unvested shares at December 31, 2018		423,795