Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The assumptions used to value SARs issued during 2017 were as follows:

	5-year vesting SARs		7-year vesting SARs
Risk-free interest rate	2.16	%	2.24	%
Expected dividend yield	1.45	%	1.45	%
Expected common stock volatility	60.05	%	59.60	%
Expected life	6.5 years		7.0 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of activity in our Plans during the first nine months of 2017 and 2016 is as follows:

	For the Nine Months Ended September 30,
	2017				2016
	Options/SARs		Weighted-Average Exercise Price		Options/SARs	Weighted-Average Exercise Price
Outstanding, January 1	217,857		$	13.56	244,147	$	14.05
Granted	87,615		26.01		—	—
Exercised	(2,000	)	6.21		—	—
Forfeited	—		—		—	—
Expired	—		—		—	—
Outstanding, September 30	303,472		$	17.20	244,147	$	14.05

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Other information regarding awards outstanding and exercisable at September 30, 2017 is as follows:

	Options/SARs Outstanding						Options/SARs Exercisable
Range of exercise price	# of awards	WAEP		Wted. Avg. Remaining Contractual Life (yrs)	Aggregate Intrinsic Value (in thousands)		# of awards	WAEP		Aggregate Intrinsic Value (in thousands)
$2.54 - $6.00	5,000	$	2.54	5.83	$	116	5,000	$	2.54	$	116
6.01 - 10.00	5,640	8.91		1.29	94		5,640	8.91		94
10.01 - 17.50	166,717	12.01		7.57	2,275		66,687	12.01		910
17.51 - 20.00	15,100	17.81		0.78	119		15,100	17.81		119
20.01 - 25.93	111,015	25.99		7.64	—		23,400	25.93		—
	303,472	17.20			$	2,604	115,827	15.02		$	1,239