Compensation and Employee Benefit Plans [Text Block]

3 Months Ended

Mar. 31, 2019

Notes

Compensation and Employee Benefit Plans

Note 13.Share-Based Compensation 

IHC stock option activity during the first three months of 2019 was as follows:

	Shares	Weighted- Average
	Under Option	Exercise Price
December 31, 2018	567,384	$	19.40
Granted	424,380		37.38
Exercised	(190,050)		9.23
Forfeited	(4,000)		22.20
March 31, 2019	797,714	$	31.37

In 2019, IHC received $44,000 in cash from the exercise of stock options with an aggregate intrinsic value of $4,968,000 and recognized $731,000 of tax benefits. Cash outflows in 2019 to satisfy employees’ income tax withholding obligations amounted to $2,384,000.