Stock - Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Share-based Payment Arrangement [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 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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Exercised |
$ |
12.09 |
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(85,440 |
) |
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$ |
842,742 |
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Expired |
$ |
16.01 |
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(975 |
) |
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|
975 |
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At December 31, 2018 |
$ |
14.16 |
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|
59,096 |
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4.8 |
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$ |
143,737 |
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|
155,845 |
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Exercised |
$ |
12.61 |
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(3,628 |
) |
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— |
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At December 31, 2019 |
$ |
14.26 |
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55,468 |
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3.8 |
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$ |
18,331 |
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|
155,845 |
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Exercisable options |
$ |
14.13 |
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|
51,745 |
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|
3.7 |
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$ |
18,331 |
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Options expected to vest: |
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Grant Date Fair Value |
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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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Vested |
$ |
14.78 |
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(15,380 |
) |
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$ |
6.38 |
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Forfeited unvested options |
$ |
16.01 |
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(301 |
) |
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At December 31, 2018 |
$ |
15.83 |
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|
9,969 |
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|
6.0 |
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$ |
6.44 |
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Vested |
$ |
15.72 |
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(6,246 |
) |
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$ |
6.46 |
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At December 31, 2019 |
$ |
16.01 |
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3,723 |
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|
5.1 |
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$ |
6.11 |
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| Stock Options by Exercise Price Range |
The following table summarizes information about stock options outstanding at December 31, 2019:
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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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$ |
11.35 |
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11,713 |
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$ |
11.35 |
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2.10 |
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11,713 |
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$ |
11.35 |
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$ |
13.70 |
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|
13,994 |
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$ |
13.70 |
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3.10 |
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13,994 |
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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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4.14 |
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8,109 |
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$ |
14.76 |
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$ |
16.01 |
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21,652 |
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$ |
16.01 |
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5.11 |
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17,929 |
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$ |
16.01 |
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55,468 |
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51,745 |
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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 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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Granted February 7, 2018 |
65,527 |
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$ |
12.47 |
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Vested |
(51,775 |
) |
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$ |
10.84 |
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Forfeited |
(3,245 |
) |
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$ |
10.96 |
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Outstanding at December 31, 2018 |
142,174 |
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$ |
11.45 |
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Granted February 6, 2019 |
44,949 |
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$ |
15.72 |
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Vested |
(84,734 |
) |
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$ |
11.76 |
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Forfeited |
(1,614 |
) |
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$ |
12.44 |
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Outstanding at December 31, 2019 |
100,775 |
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$ |
13.28 |
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| Schedule of Nonvest Performance- based Units Activity |
A summary of the status of our non-vested performance-based restricted stock awards at December 31, 2019, and changes during fiscal 2019, were as follows:
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Units(1)
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Weighted-Average Grant Date Fair Value |
Outstanding at December 31, 2018 |
100,037 |
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$ |
10.56 |
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Granted |
35,887 |
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$ |
15.72 |
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Vested(2)
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(57,938 |
) |
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$ |
9.58 |
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Forfeited/Canceled |
— |
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$ |
— |
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Non-vested at December 31, 2019 |
77,986 |
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$ |
13.66 |
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(2) Excludes the vesting of an additional 4,284 shares due to performance conditions of the awards exceeding target.
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