XML 68 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Awards
The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:
 
 
Year Ended December 31,
Restricted Shares and Performance-Based Shares
 
2018
 
2017
 
2016
 
Expected quarterly dividends per share
 
$
0.2650

 
$
0.2425

 
$
0.2200

 
Risk-free interest rate
 
2.38
%
 
1.50
%
 
0.94
%
 
 
 
 
 
 
 
 
 
Market-Based Shares
 
 
 
 
 
 
 
Dividend yield
 
2.96
%
 
2.67
%
 
2.74
%
 
Expected volatility
 
19.12
%
 
20.80
%
 
20.44
%
 
Risk-free interest rate
 
2.36
%
 
1.54
%
 
0.97
%
 
The following table summarizes activity in restricted stock awards, including performance-based and market-based shares, and stock options:
 
 
Restricted Stock
 
Stock Options
 
 
Shares
 
Weighted-Average Grant Date Fair Value
 
Shares
 
Weighted
Average
Exercise
Price
Outstanding at December 31, 2017
 
189,045

 
$
31.11

 
193,441

 
$
9.98

Granted
 
221,062

 
$
29.65

 

 
$

Exercised
 
(237,402
)
 
$
28.46

 
(112,441
)
 
$
8.56

Forfeited
 
(6,054
)
 
$
31.37

 

 
$

Expired
 

 
$

 

 
$

Outstanding at December 31, 2018
 
166,651

 
$
32.93

 
81,000

 
$
11.94

The following table provides additional information concerning restricted stock activity, including performance-based and market-based shares, and stock options:
 
 
Year Ended December 31,
Restricted Stock
 
2018
 
2017
 
2016
Weighted-average grant date fair value
 
$
29.65

 
$
23.06

 
$
26.49

Total fair value of restricted shares that vested (in thousands)
 
$
8,558

 
$
5,747

 
$
5,079

 
 
 
 
 
 
 
Stock Options
 
 
 
 
 
 
Weighted-average grant date fair value of options granted
 
$

 
$

 
$

Total fair value of options that vested (in thousands)
 
$

 
$

 
$

Total intrinsic value of options exercised (in thousands)
 
$
3,117

 
$
2,234

 
$
1,242