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Share-Based Compensation And Other Related Information (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of terms and conditions of share-based payment arrangement [line items]

Disclosure of number and weighted average exercise prices of share options

The following table summarizes changes in stock options for the years ended December 31:

		Stock Options
		Shares			Weighted Average Exercise Price CAD$
As at December 31, 2016		1,310,864			$	16.81
Granted		91,945			$	18.64
Exercised		(307,266	)		$	11.24
Expired		(61,891	)		$	40.22
Forfeited		(97,529	)		$	23.60
As at December 31, 2017		936,123			$	16.56
Granted		149,163			17.53
Exercised		(125,762	)		$	11.14
Expired		(211,614	)		24.90
Forfeited		(49,523	)		$	19.49
As at December 31, 2018		698,387			$	15.00

Disclosure of range of exercise prices of outstanding share options

The following table summarizes information about the Company's stock options outstanding at December 31, 2018:

		Options Outstanding										Options Exercisable
Range of Exercise Prices CAD$		Number Outstanding as at December 31, 2018			Weighted Average Remaining Contractual Life (months)			Weighted Average Exercise Price CAD$				Number Exercisable as at December 31, 2018			Weighted Average Exercise Price CAD$
$9.76 - $11.57		232,883			43.08			$	10.07			232,883			$	10.07
$11.58 - $17.01		97,043			40.16			$	12.50			97,043			$	12.50
$17.02 - $18.53		230,811			57.74			$	17.88			81,648			$	18.53
$18.54 - $23.61		137,650			67.28			$	20.29			91,680			$	21.12
		698,387			52.29			$	15.00			503,254			$	13.92

Disclosure of assumptions used in determining fair value of options granted

The following assumptions were used in the Black-Scholes option pricing model in determining the fair value of options granted during the years ended December 31:

		2018				2017
Expected life		4.0				4.0
Expected volatility		43.8		%		41.9		%
Expected dividend yield		2.1		%		2.6		%
Risk-free interest rate		2.5		%		2.2		%
Weighted average exercise price (CAD$)		$	17.53			$	18.64
Weighted average fair value (CAD$)		$	5.90			$	5.30

Disclosure of dividends

The Company declared the following dividends for the period starting January 1, 2017 until March 12, 2019:

Declaration Date		Record date		Dividend per common share
February 20, 2019 (1)		March 4, 2019		$	0.0350
November 6, 2018		November 19, 2018		$	0.0350
August 8, 2018		August 20, 2018		$	0.0350
May 9, 2018		May 22, 2018		$	0.0350
February 20, 2018		March 5, 2018		$	0.0350
November 8, 2017		November 20, 2017		$	0.0250
August 9, 2017		August 21, 2017		$	0.0250
May 9, 2017		May 23, 2017		$	0.0250
February 14, 2017		February 27, 2017		$	0.0250

(1) These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented.

Performance Share Units [member]

Disclosure of terms and conditions of share-based payment arrangement [line items]

Disclosure of number and aggregate fair value of other equity instruments

At December 31, 2018, the following PSUs were outstanding:  

PSU		Number Outstanding			Fair Value
As at December 31, 2016		141,790			$	2,152
Granted		54,962			823
Paid out		(30,408	)		(875		)
Forfeited		—			—
Change in value		—			511
As at December 31, 2017		166,344			$	2,611
Granted		117,328			1,532
Paid out		(73,263	)		(1,528		)
Forfeited		—			—
Change in value		—			476
As at December 31, 2018		210,409			$	3,091

Restricted Share Units [member]

Disclosure of terms and conditions of share-based payment arrangement [line items]

Disclosure of number and aggregate fair value of other equity instruments

At December 31, 2018, the following RSUs were outstanding:

RSU		Number Outstanding			Fair Value
As at December 31, 2016		315,423			$	4,764
Granted		184,187			2,698
Paid out		(222,006	)		(3,257		)
Forfeited		(15,591	)		(243		)
Change in value		—			136
As at December 31, 2017		262,013			$	4,098
Granted		244,961			3,207
Paid out		(156,715	)		(2,181		)
Forfeited		(21,436	)		(313		)
Change in value		—			(1,187		)
As at December 31, 2018		328,823			$	3,624

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The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital.

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