Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Stock-Based Compensation

Summary of the Company's stock option and restricted stock activity (in thousands)

		Weighted-					Weighted-
		Average		Aggregate			Average
	Stock	Exercise		Intrinsic		Restricted	Grant-Date
	Options	Price		Value		Stock	Fair Value
Outstanding (stock options); non-vested (restricted stock) at December 31, 2019	68,200	$	68.81	$	1,466	18,470	$	84.26
Granted	9,900		105.28		86	18,823		103.99
Exercised (stock options); vested (restricted stock)	(32,000)		66.88		1,128	(18,618)		86.57
Forfeited	—		—		—	(154)		81.93
Outstanding (stock options); non-vested (restricted stock) at December 31, 2020	46,100	$	77.98	$	1,661	18,521	$	103.10
Exercisable at December 31, 2020	46,100	$	77.98	$	1,661	n/a		n/a

	2020		2019		2018
Weighted-average fair value of stock options granted during the year	$	31.30	$	20.47	$	17.74
Weighted-average remaining contractual life for stock options in years		6.74		6.64		6.87
Total fair value of stock options vested during the year	$	310	$	203	$	176
Total intrinsic value of stock options exercised during the year	$	1,128	$	57	$	447
Total fair value of restricted stock vested during the year	$	1,612	$	1,303	$	1,327