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Stock-Based Compensation and Stock Repurchases (Tables)
12 Months Ended
Dec. 31, 2016
Stock-Based Compensation and Stock Repurchases [Abstract]  
Summary Of Stocks Awarded



 

 

 

 

 

 

 

 

 



 

Fair Value

 

Number of Shares

 

Fair Value Per Share

2014

 

$

1,200,000 

 

 

160,643 

 

$

7.47 

2013

 

 

750,000 

 

 

125,209 

 

 

5.99 



Schedule Of Fair Value Of Options, Weighted Average Assumptions



 

 

 

 

 

 

 

 

 



 

2016

 

2015

 

2014

Stock option exercise price

 

$

$11.87 

 

$

13.30 

 

$

8.56 

Risk-free interest rate

 

 

1.20% 

 

 

2.23% 

 

 

2.51% 

Expected dividend yield

 

 

--

 

 

--

 

 

--

Expected option life in years

 

 

3.75 

 

 

4.00 

 

 

5.00 

Expected volatility

 

 

25.01% 

 

 

31.86% 

 

 

31.33% 

Weighted average fair value

 

$

2.49 

 

$

3.82 

 

$

2.76 



Schedule Of Stock Options Outstanding



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Outstanding Stock Options



Number of Options

 

Weighted Average Exercise Price

 

Weighted Average Remaining Years of Contractual Life

 

Aggregate Intrinsic Value



Class A

 

Class B

 

Class A

 

Class B

 

Class A&B

 

Class A&B

Outstanding - January 1, 2014

709,850 

 

185,100 

 

$

6.66 

 

$

9.90 

 

4.70 

 

$

938,503 

Granted

80,000 

 

--

 

 

8.56 

 

 

         --

 

 

 

 

 

Exercised

(157,600)

 

--

 

 

6.21 

 

 

         --

 

 

 

$

374,022 

Expired

(64,000)

 

--

 

 

6.83 

 

 

         --

 

 

 

 

 

Outstanding - December 31, 2014

568,250 

 

185,100 

 

$

6.88 

 

$

9.90 

 

2.40 

 

$

4,197,000 

Granted

112,000 

 

--

 

 

13.30 

 

 

         --

 

 

 

 

 

Exercised

(185,685)

 

(185,100)

 

 

6.09 

 

 

9.90 

 

 

 

$

327,170 

Expired

(8,000)

 

--

 

 

6.23 

 

 

         --

 

 

 

 

 

Outstanding - December 31, 2015

486,565 

 

--

 

$

8.68 

 

$

         --

 

2.89 

 

$

2,188,011 

Granted

169,327 

 

--

 

 

11.87 

 

 

         --

 

 

 

 

 

Exercised

(46,815)

 

--

 

 

9.50 

 

 

         --

 

 

 

$

220,002 

Expired

(74,000)

 

--

 

 

7.02 

 

 

         --

 

 

 

 

 

Outstanding - December 31, 2016

535,077 

 

--

 

$

9.84 

 

$

         --

 

2.61 

 

$

3,615,191 



Summary Of Vested Stock Options



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Vested and Unvested Stock Options



Number of Options

 

Weighted Average Exercise Price

 

Weighted Average Remaining Years of Contractual Life

 

Aggregate Intrinsic Value



Class A

 

Class B

 

Class A

 

 

Class B

 

Class A&B

 

Class A&B

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

296,500 

 

--

 

$

7.88 

 

$

--

 

1.59 

 

$

2,584,500 

December 31, 2015

256,065 

 

--

 

 

7.64 

 

 

--

 

2.14 

 

 

1,401,321 

December 31, 2014

348,000 

 

185,100 

 

 

6.82 

 

 

9.90 

 

3.63 

 

 

2,476,230 

Unvested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

238,577 

 

--

 

 

12.28 

 

 

--

 

3.87 

 

 

1,030,691 

December 31, 2015

230,500 

 

--

 

 

9.83 

 

 

--

 

3.72 

 

 

786,690 

December 31, 2014

220,250 

 

--

 

 

6.98 

 

 

--

 

4.25 

 

 

1,720,770 



Schedule Of Stocks Repurchased



 

 

 

 

 

 

 

 



 

Shares Acquired

 

Share Price

 

Total Paid 

(in thousands)

2016

 

181,739 

 

$

15.68 

 

$

2,850 

2015

 

240,102 

 

$

12.95 

 

$

3,110 

2014

 

432,252 

 

 

9.42 

 

 

4,070 

Total

 

854,093 

 

$

11.74 

 

$

10,030