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Stock Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table presents a roll-forward of our stock option plans and grants issued during 2017:
Schedule of Share-based Compensation Arrangements
 
Stock Option Plans
Roll-Forward of Shares Outstanding:
 
Outstanding at January 1, 2017
355,651

Granted
54,000

Exercised
(16,721
)
Forfeited

Outstanding at March 31, 2017
392,930

Exercisable at Period-End
253,784

Vested and Expected to Vest
139,146

 
 
Roll-Forward of Shares Outstanding - Weighted Average Exercise Price:
 
Outstanding at January 1, 2017
$
22.52

Granted
37.20

Exercised
23.22

Forfeited

Outstanding at March 31, 2017
24.51

Exercisable at Period-End
21.78

Vested and Expected to Vest
29.49

 
 
Grants Issued During 2017 - Weighted Average Information:
 
Fair Value
$
6.44

Fair Value Assumptions:
 
Dividend Yield
2.72
%
Expected Volatility
32.95
%
Risk Free Interest Rate
2.25
%
Expected Lives (in years)
6.88

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table presents information on the amounts expensed for the periods ended March 31, 2017 and 2016:
Share-Based Compensation Expense
 
 
For the Three Months Ended March 31,
 
 
2017
 
2016
Share-Based Compensation Expense
 
$
83

 
$
74