Share Based Payments (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of nonvested share activity

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested options – beginning of period		514,210		$	12.36
Nonvested options granted		9,000		$	12.16
Nonvested options vested or forfeited		(13,680	)	$	10.53
Nonvested options – end of period		509,530		$	12.40

Schedule of stock options, activity

	Shares			Weighted Average Exercise Price
Outstanding at January 1, 2020		815,800		$	49.89
Options granted		9,000			69.11
Options forfeited		(5,740	)		56.10
Options exercised		(19,540	)		33.64
Outstanding at June 30, 2020		799,520		$	50.45
Options exercisable		289,990		$	35.31
Options available for future grants		570,435

Schedule of cash proceeds received from share-based payment awards

(In thousands)	June 30, 2020		June 30, 2019
Cash proceeds from stock options exercised	$	657	$	2,281
Tax benefits		--		300
Intrinsic value of stock options exercised		740		2,267

Schedule of valuation assumptions in Black-Scholes pricing

	June 30, 2020			June 30, 2019
Weighted average expected stock-price volatility		25	%		27	%
Weighted average expected option life		5 years			5 years
Weighted average risk-free interest rate		1.4	%		2.5	%
Weighted average dividend yield		2.5	%		2.0	%