Stock Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of stock option activity for the period

Options granted in 2019, 2018 and 2017 were as follows:

Year	Options		Exercise Price
2019		235,474	$	18.54
2018		255,072	$	21.30
2017		397,759	$	14.30

Options exercised in 2019, 2018 and 2017 were as follows:

Year	Options		Exercise Price
2019		221,695	$11.62 to $14.30
2018		191,169	$9.97 to $20.93
2017		375,292	$9.97 to $20.93

Options outstanding and exercisable at December 31, 2019, 2018 and 2017 were as follows:

Year	Outstanding		Range of Exercise Prices	Exercisable		WeightedAverage Exercise Price
2019		710,893	$10.10 to $21.30		486,382	$	17.31
2018		965,659	$10.10 to $21.30		521,202	$	16.08
2017		988,167	$9.97 to $20.93		539,993	$	16.23

The following table provides a summary of stock option activity for the period ended December 31, 2019:

	Shares			Average Exercise Price		Weighted Average Life (in Years)
Outstanding at December 31, 2018		965,659		$	16.69
Options granted		235,474			18.54
Options exercised		(221,695	)		13.26
Canceled or forfeited		(268,545	)		18.36
Expired		—			—
Outstanding at December 31, 2019		710,893			17.75		5.96
Exercisable at December 31, 2019		486,382		$	17.31		4.72

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.

	2019			2018			2017
Risk free interest rate		2.70	%		2.90	%		2.50	%
Expected dividend yield		2.76	%		2.50	%		3.80	%
Expected life of award (years)		6.17			4.00			4.10
Expected volatility		44.89	%		42.50	%		50.00	%
Fair value per option	$	5.78		$	6.30		$	4.47

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, 2019:

	Shares			Average Grant-Date Fair Value
Unvested shares at December 31, 2018		423,795
Granted		253,318		$	18.14
Vested		(151,823	)		15.35
Forfeited		(256,023	)		16.95
Unvested shares at December 31, 2019		269,267