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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Cash Proceeds Received from Share-based Payment Awards
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
 
 
(Amounts in thousands)
Cash received from stock option exercises
 
$
1,505

 
$
2,111

 
$
6,247

Compensation cost, all share-based awards
 
142

 
5,208

 
4,112

Excess tax benefit, all share-based awards
 
913

 
27

 
148

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table provides the assumptions used in the calculation of grant-date fair values of stock options awarded during 2013 based on the Black-Scholes option pricing model:
 
2013
Weighted-average grant-date fair value
$7.11
Expected volatility
33.16% - 33.18%
Weighted-average expected volatility
33.17%
Risk-free interest rate
0.88% - 1.60%
Expected dividend yield
5.40% - 5.76%
Expected term in months
72
Summary of Stock Option Activity
The following table presents a summary of the stock option activity under the Company’s plans for the year ended December 31, 2016:
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining Contractual Term
(Years)
 
Aggregate
Intrinsic Value
(in 000’s)
Outstanding at January 1, 2016
168,000

 
$
48.14

 
 
 
 
Granted

 

 
 
 
 
Exercised
(62,500)

 
$
46.12

 
 
 
 
Canceled or expired
(20,000)

 
$
57.10

 
 
 
 
Outstanding at December 31, 2016
85,500

 
$
47.52

 
3.1
 
$
1,085

Exercisable at December 31, 2016
65,500

 
$
48.73

 
2.1
 
$
752

Schedule of Options Authorized under Stock Option Plans, by Exercise Price Range
The following table presents information regarding stock options outstanding at December 31, 2016:
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
Number of
Options
 
Weighted-Average
Remaining
Contractual Life
(Years)
 
Weighted-
Average  Exercise
Price
 
Number of
Options
 
Weighted-
Average  Exercise
Price
$33.61-$45.30
41,000
 
5.7
 
$
42.44

 
21,000
 
$
41.40

$47.61-$50.35
15,000
 
1.3
 
$
48.52

 
15,000
 
$
48.52

$51.51-$54.93
29,500
 
0.4
 
$
54.06

 
29,500
 
$
54.06

Summary of Grants
The following table presents the restricted stock unit grants summary at December 31, 2016:
 
Grant Year
 
2016
 
2015
 
2014
Three-year performance period ending December 31,
2018

 
2017

 
2016

Vesting shares, target (net of forfeited)
93,250

 
95,750

 
82,000

Vesting shares, maximum (net of forfeited)
174,844

 
179,531

 
153,750

Summary of Vested And Unvested RSU
The following table presents a summary of restricted stock unit awards activity during the years indicated:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
Shares
 
Weighted-
Average Fair
Value per Share
 
Shares
 
Weighted-
Average  Fair
Value per Share
 
Shares
 
Weighted-
Average  Fair
Value per Share
Outstanding at January 1
263,250

 
$
45.94

 
167,000

 
$
41.15

 
170,500

 
$
39.64

Granted
95,750

 
$
53.49

 
100,250

 
$
53.80

 
93,500

 
$
45.17

Vested
(78,500
)
 
$
36.82

 

 

 

 

Forfeited/Canceled
(9,500)

 
$
50.46

 
(4,000)

 
$
43.10

 
(16,500)

 
$
43.99

Expired

 

 

 

 
(80,500)

 
$
44.01

Outstanding at December 31
271,000

 
$
51.09

 
263,250

 
$
45.94

 
167,000

 
$
41.15