Compensation and Employee Benefit Plans [Text Block]

9 Months Ended

Sep. 30, 2019

Notes

Compensation and Employee Benefit Plans

Note 13.Share-Based Compensation 

IHC stock option activity during the first nine 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	(197,383)		9.69
Forfeited	(4,000)		22.20
September 30, 2019	790,381	$	31.46

In 2019, IHC received $163,000 in cash from the exercise of stock options with an aggregate intrinsic value of $5,091,000 and recognized $748,000 of tax benefits. Cash outflows in 2019 to satisfy employees’ income tax withholding obligations amounted to $2,397,000.