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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
STOCK-BASED COMPENSATION [Abstract]  
Schedule Of Stock Option Activity

The following is a summary of activity in stock options for 2017:

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Weighted Average Exercise
Price Per Share

Outstanding, December 31, 2016

 

547,625

 

 

$

9.39

 

Granted

 

77,900

 

 

15.40

 

Exercised

 

(57,000

)

 

9.18

 

Expired

 

 

 

 

Forfeited

 

 

 

 

Outstanding, December 31, 2017

 

568,525

 

 

$

10.24

 

Exercisable, December 31, 2017

 

308,063

 

 

$

8.66

 

Schedule Of Stock Option Valuation Assumptions

For stock options granted in the three year period ended December 31, 2017, we utilized the fair value of our common stock on the date of grant and employed the following key assumptions in computing fair value using the Black-Scholes option-pricing model:

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

 2015

Risk-free interest rates

2.14%- 2.15%

 

1.24% - 1.89%

 

 1.56%

Expected life in years

5.00 - 5.29 

 

5.09 - 7.50

 

 5.01 - 5.11

Expected volatility

 52.30% - 52.86%

 

42.22% - 46.67%

 

40.82% 

Dividend yield

0.00%

 

0.00%

 

0.00% 

Weighted average fair value on grant date

$7.36

 

$9.88

 

$2.73

Schedule Of Non-Vested Restricted Stock Activity

The following is a summary of activity in restricted shares and restricted stock units for 2017:

 

Non-vested restricted stock units

 

Shares

 

Weighted Average Grant Date
Fair Value

Non-vested at December 31, 2016

 

45,549

 

 

$

11.93

 

Granted

 

32,200

 

 

16.77

 

Vested

 

(23,537

)

 

11.79

 

Forfeited

 

 

 

 

Non-vested at December 31, 2017

 

54,212

 

 

$

14.86

 

Summary Of Pre-tax Equity Based Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

 2017

 

2016

 

2015

Pre-tax stock-based compensation expense

 

$

895

 

$

863

 

 

$

511

 

Income tax benefits related to stock-based compensation

 

$

310

 

$

428

 

 

$