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EQUITY (Tables)
12 Months Ended
Dec. 31, 2014
EQUITY  
Summary of stock option plan activity

 

                                                                                                                                                                                    

 

$s in thousands, except per share amounts

 

Shares

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

Weighted
Average
Remaining
Contractual
Term (Years)

 

Outstanding as of December 31, 2013

 

 

393,776

 

$

22.52

 

 

 

 

 

 

 

Granted

 

 

78,575

 

 

42.03

 

 

 

 

 

 

 

Exercised

 

 

(121,060

)

 

21.27

 

 

 

 

 

 

 

Cancelled, expired or forfeited

 

 

(34,513

)

 

21.77

 

 

 

 

 

 

 

​  

​  

Outstanding as of December 31, 2014

 

 

316,778

 

$

27.92

 

$

3,866

 

 

7.9

 

​  

​  

​  

​  

​  

Exercisable as of December 31, 2014

 

 

85,507

 

$

19.82

 

$

1,736

 

 

5.9

 

 

Schedule of significant weighted-average assumptions relating to the valuation of each option grant

 

                                                                                                                                                                                    

 

 

 

2014

 

2013

 

2012

Expected life

 

3.6 years

 

3.3 years

 

3.3 years

Expected volatility

 

36%

 

36%

 

39%

Risk-free interest rate

 

0.8%

 

0.4%

 

0.4%

Expected dividend yield

 

2.0%

 

3.4%

 

4.1%

 

Summary of restricted stock plan activity

 

                                                                                                                                                                                    

 

 

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Outstanding as of December 31, 2013

 

 

51,600

 

$

25.89

 

Granted

 

 

27,750

 

 

43.81

 

Vested

 

 

(23,208

)

 

26.28

 

Cancelled, expired or forfeited

 

 

(3,157

)

 

28.98

 

​  

​  

Outstanding as of December 31, 2014

 

 

52,985

 

$

34.92

 

​  

​  

​  

​  

​  

 

Schedule of components of pre-tax share-based compensation expense (included in Selling, general and administrative expenses in the Consolidated Statements of Earnings) and related tax benefits

 

                                                                                                                                                                                    

 

$s in thousands

 

2014

 

2013

 

2012

 

Share-based compensation from:

 

 

 

 

 

 

 

 

 

 

Stock options

 

$

442

 

$

346

 

$

397

 

Restricted stock

 

 

808

 

 

519

 

 

449

 

​  

​  

​  

​  

​  

​  

Total share-based compensation

 

 

1,250

 

 

865

 

 

846

 

Income tax benefit

 

 

(467

)

 

(310

)

 

(326

)

​  

​  

​  

​  

​  

​  

Share-based compensation, net of tax

 

$

783

 

$

555

 

$

520

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​