XML 72 R57.htm IDEA: XBRL DOCUMENT v3.3.1.900
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Share-Based Compensation  
Schedule of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

Average

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

 

Exercise

 

 

 

Exercise

 

 

 

 

Shares

 

Price

 

Shares

 

Price

 

Shares

 

Price

 

Outstanding at  January 1

 

    

294,342

    

$

35.91

    

295,916

    

$

33.26

    

340,140

    

$

31.79

 

Granted

 

 

26,430

 

 

61.74

 

22,497

 

 

65.59

 

23,007

 

 

41.45

 

Exercised

 

 

(35,360)

 

 

31.51

 

(22,878)

 

 

31.06

 

(65,555)

 

 

28.75

 

Forfeited

 

 

 —

 

 

 —

 

(1,180)

 

 

31.97

 

(220)

 

 

27.22

 

Expired

 

 

(7)

 

 

31.72

 

(13)

 

 

27.22

 

(1,456)

 

 

22.17

 

Outstanding at December 31

 

 

285,405

 

 

38.85

 

294,342

 

 

35.91

 

295,916

 

 

33.26

 

Exercisable at December 31

 

 

227,130

 

 

34.48

 

239,417

 

 

33.17

 

233,566

 

 

32.66

 

Weighted-average fair value of options granted during the year

 

 

 

 

$

25.08

 

 

 

$

26.44

 

 

 

$

15.66

 

 

Schedule of information pertaining to options outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

Remaining

 

Weighted

 

 

 

Weighted

 

Remaining

 

 

Range of

 

Number

 

Contractual

 

Average

 

Number

 

Average

 

Contractual

 

 

Exercise Prices

 

Outstanding

 

Life

 

Exercise Price

 

Outstanding

 

Exercise Price

 

Life

 

 

$

26.01

-

$

30.00 

    

33,313

    

3.3 

years

    

27.49

    

33,313

    

27.49

    

    

 

 

$

30.01

-

$

35.00 

 

121,000

 

3.6 

years

 

31.78

 

114,855

 

31.78

 

 

 

 

$

35.01

-

$

40.00 

 

57,659

 

2.1 

years

 

38.20

 

57,655

 

38.20

 

 

 

 

$

40.01

-

$

45.00 

 

24,507

 

6.9 

years

 

41.42

 

13,824

 

41.40

 

 

 

 

$

45.01

-

$

69.48 

 

48,926

 

8.6 

years

 

63.51

 

7,483

 

65.52

 

 

 

 

 

 

 

 

 

 

285,405

 

4.4 

years

 

38.85

 

227,130

 

34.48

 

3.4 

years

 

 

Schedule of weighted-average assumptions used in valuing options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

    

2015

    

2014

 

 

2013

 

Dividend yield

 

1.40

 %

 

 

 

 

1.27

%

 

 

 

  

1.70

%

 

 

 

 

Expected life

 

8.5

years

 

 

 

 

6

years

 

 

 

 

6

years

 

 

 

 

Expected volatility

 

40.9

%

 

 

 

  

43.8

%

-

44.7 

%

 

45.7

%

 

 

 

 

Risk-free interest rate

 

1.79

%

 

 

 

  

2.10

%

 

 

 

 

1.02

%

 

 

 

 

 

Summary of nonvested restricted stock

 

 

 

 

 

 

 

 

    

 

    

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant-Date

 

Restricted Stock

 

Shares

 

Fair Value

 

Nonvested at January 1 2015

 

228,907

 

$

37.44

 

Granted

 

45,605

 

 

70.86

 

Vested

 

(54,730)

 

 

36.56

 

Forfeited

 

(1,500)

 

 

49.46

 

Nonvested at December 31, 2015

 

218,282

 

 

44.56

 

 

Vesting schedule of shares

 

 

 

 

 

    

Shares

 

2016

 

70,568

 

2017

 

54,892

 

2018

 

36,720

 

2019

 

32,067

 

2020

 

5,832

 

Thereafter

 

18,203

 

 

 

218,282

 

 

Summary of nonvested RSUs

 

 

 

 

 

 

 

 

    

 

    

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant-Date

 

Restricted Stock Units

 

Shares

 

Fair Value

 

Nonvested at January 1, 2015

 

79,308

 

$

55.92

 

Granted

 

39,672

 

 

68.31

 

Vested

 

(38,218)

 

 

50.67

 

Forfeited

 

(973)

 

 

50.45

 

Nonvested at December 31, 2015

 

79,789

 

 

64.66