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Stock Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 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 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
366,329

Granted
55,621

Exercised
(35,937
)
Forfeited

Outstanding at September 30, 2017
386,013

Exercisable at Period-End
242,706

Vested and Expected to Vest
143,307

 
 
Roll-Forward of Shares Outstanding - Weighted Average Exercise Price:
 
Outstanding at January 1, 2017
$
21.86

Granted
36.12

Exercised
20.46

Forfeited

Outstanding at September 30, 2017
24.05

Exercisable at Period-End
21.34

Vested and Expected to Vest
28.62

 
 
Grants Issued During 2017 - Weighted Average Information:
 
Fair Value
$
6.25

Fair Value Assumptions:
 
Dividend Yield
2.72
%
Expected Volatility
21.40
%
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 September 30, 2017 and 2016:
Share-Based Compensation Expense
 
 
 
 
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Share-Based Compensation Expense
 
$
90

 
$
71

 
$
262

 
$
215