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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Share-Based Compensation  
Schedule of stock option activity

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

Number of

 

Exercise

 

Contractual

 

Intrinsic

 

Options

 

Shares

 

Price

 

Life (Yrs.)

 

Value (000’s)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2015

 

294,342

 

$

35.91

 

 

 

 

 

Granted

 

26,430

 

61.74

 

 

 

 

 

Exercised

 

(30,060

)

31.20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2015

 

290,712

 

38.74

 

4.83

 

$

10,828

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2015

 

232,431

 

34.45

 

3.88

 

$

9,655

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average fair value of

 

 

 

 

 

 

 

 

 

options granted during the year

 

$

25.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of weighted-average assumptions used in valuing options

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

Dividend yield

 

1.40%

 

1.27%

 

Expected life

 

8.5 years

 

6.3 years

 

Expected volatility

 

40.9%

 

43.8%-44.7%

 

Risk-free interest rate

 

1.79%

 

2.10%

 

 

Summary of nonvested restricted stock

 

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant-Date

 

Restricted Stock

 

Shares

 

Fair Value

 

 

 

 

 

 

 

Nonvested at January 1, 2015

 

228,907

 

$

37.44

 

Granted

 

30,605

 

67.86

 

Vested

 

(41,125

)

34.94

 

 

 

 

 

 

 

Nonvested at June 30, 2015

 

218,387

 

42.17

 

 

 

 

 

 

 

 

Summary of nonvested RSUs

 

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant-Date

 

Restricted Stock Units

 

Shares

 

Fair Value

 

 

 

 

 

 

 

Nonvested at January 1, 2015

 

79,308 

 

$

55.92 

 

Granted

 

38,456 

 

68.10 

 

 

 

 

 

 

 

Nonvested at June 30, 2015

 

117,764 

 

59.90