Stock Options, Stock Grants and New Stock (Tables)
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12 Months Ended |
Dec. 31, 2017 |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Summary of activity in the Company’s stock option plans |
A summary of activity in the Company's stock option plans is as follows:
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Weighted
Average
Exercise
Price
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Options
Outstanding
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Weighted
Average
Contractual
Term
(in years)
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Intrinsic
Value of
Options
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Options
Available
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At January 3, 2015 |
$ |
12.25 |
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157,295 |
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6.9 |
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$ |
852,810 |
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|
169,384 |
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Granted February 10, 2015 |
$ |
16.01 |
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32,532 |
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(32,532 |
) |
Exercised |
$ |
12.47 |
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(666 |
) |
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$ |
1,511 |
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Expired |
$ |
14.08 |
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(15,176 |
) |
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15,176 |
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At December 31, 2015 |
$ |
12.79 |
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173,985 |
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6.4 |
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$ |
— |
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152,028 |
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Exercised |
$ |
— |
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— |
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$ |
— |
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Expired |
$ |
16.01 |
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(937 |
) |
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937 |
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At December 31, 2016 |
$ |
12.77 |
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173,048 |
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5.4 |
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$ |
— |
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152,965 |
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Exercised |
$ |
11.55 |
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(25,632 |
) |
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$ |
78,818 |
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Expired |
$ |
15.26 |
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(1,905 |
) |
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1,905 |
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At December 31, 2017 |
$ |
12.96 |
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145,511 |
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4.6 |
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$ |
156,445 |
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154,870 |
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Exercisable options |
$ |
12.45 |
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119,861 |
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4.2 |
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$ |
156,445 |
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Options expected to vest: |
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Grant Date Fair Value |
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At December 31, 2015 |
$ |
13.76 |
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85,960 |
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7.3 |
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$ |
6.57 |
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Vested |
$ |
12.71 |
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(41,737 |
) |
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$ |
6.91 |
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Forfeited options |
$ |
16.01 |
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(937 |
) |
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At December 31, 2016 |
$ |
14.72 |
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43,286 |
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7.1 |
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$ |
6.24 |
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Vested |
$ |
14.35 |
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(17,574 |
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$ |
5.96 |
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Forfeited options |
$ |
15.38 |
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(62 |
) |
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At December 31, 2017 |
$ |
14.72 |
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25,650 |
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6.5 |
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$ |
6.41 |
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| Stock options by exercise price range |
The following table summarizes information about stock options outstanding at December 31, 2017:
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Range of Exercise Prices |
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Outstanding Stock Options |
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Exercisable Stock Options |
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Shares |
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Weighted Average |
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Shares |
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Weighted Average Exercise Price |
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Exercise Price |
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Remaining Contractual Life in Years |
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$ |
11.55 |
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56,710 |
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$ |
11.55 |
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3.06 |
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56,710 |
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$ |
11.55 |
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$ |
11.35 |
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25,076 |
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$ |
11.35 |
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4.10 |
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25,076 |
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$ |
11.35 |
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$ |
13.70 |
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27,801 |
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$ |
13.70 |
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5.10 |
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22,084 |
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$ |
13.70 |
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$ |
14.76 |
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8,109 |
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$ |
14.76 |
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6.14 |
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4,865 |
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$ |
14.76 |
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$ |
16.01 |
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27,815 |
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$ |
16.01 |
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7.11 |
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11,126 |
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$ |
16.01 |
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145,511 |
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119,861 |
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| Summary of Stock Awards Plan activity |
A summary of plan activity for the 2005 and 2015 Stock Awards Plans is as follows:
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Shares |
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Weighted Average
Grant Date Fair Value
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Outstanding at January 3, 2015 |
66,403 |
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$ |
15.00 |
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Granted January 5, 2015 |
3,000 |
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$ |
17.95 |
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Vested |
(17,903 |
) |
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$ |
13.86 |
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Forfeited |
(60 |
) |
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$ |
13.34 |
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Outstanding at December 31, 2015 |
51,440 |
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$ |
15.57 |
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Granted February 19, 2016 |
50,062 |
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$ |
7.51 |
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Granted May 5, 2016 |
42,193 |
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$ |
8.05 |
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Vested |
(21,133 |
) |
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$ |
13.12 |
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Forfeited |
(1,260 |
) |
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$ |
17.73 |
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Outstanding at December 31, 2016 |
121,302 |
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$ |
10.03 |
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Granted February 8, 2017 |
44,687 |
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$ |
12.30 |
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Vested |
(34,322 |
) |
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$ |
10.45 |
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Outstanding at December 31, 2017 |
131,667 |
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$ |
10.69 |
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