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Share Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
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 granted 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 2018 and 2017 is as follows:
 
For the Nine Months Ended September 30,
 
2018
 
Options/SARs
 
Aggregate
Intrinsic
Value
 
Remaining
Contractual
Term (Yrs.)
 
Weighted-Average
Exercise Price
Outstanding, January 1
250,291

 
 
 
 
 
$
17.75

Granted

 
 
 
 
 

Exercised
(1,600
)
 
 
 
 
 
17.79

Forfeited
(3,200
)
 
 
 
 
 
25.50

Expired

 
 
 
 
 

Outstanding, September 30
245,491

 
$
1,645

 
6.62
 
$
17.65

 
 
 
 
 
 
 
 
Exercisable, September 30
109,324

 
$
898

 
5.55
 
$
15.77



 
For the Nine Months Ended September 30,
 
2017
 
Options/SARs
 
Aggregate
Intrinsic
Value
 
Remaining
Contractual
Term (Yrs.)
 
Weighted-Average
Exercise Price
Outstanding, January 1
217,857

 
 
 
 
 
$
13.56

Granted
87,615

 
 
 
 
 
26.01

Exercised
(2,000
)
 
 
 
 
 
6.21

Forfeited

 
 
 
 
 

Expired

 
 
 
 
 

Outstanding, September 30
303,472

 
$
2,604

 
7.11
 
$
17.20

 
 
 
 
 
 
 
 
Exercisable, September 30
115,827

 
$
1,239

 
5.01
 
$
15.02