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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Restricted stock compensation footnote
During the nine months ended September 30, 2016, the Company made the following awards of restricted stock:
Date
 
Shares Granted
 
Plan
 
Grant Date Fair Value Per Share
 
Vesting Period
2/11/2016
 
51,475

 
2005 Employee Stock Plan
 
$
41.96

 
Ratably over 5 years from grant date
3/1/2016
 
600

 
2005 Employee Stock Plan
 
$
44.37

 
Ratably over 5 years from grant date
5/24/2016
 
8,700

 
2010 NonEmployee Director Stock Plan
 
$
48.34

 
Cliff vest 5 years from grant date
9/19/2016
 
800

 
2005 Employee Stock Plan
 
$
52.92

 
Ratably over 5 years from grant date
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The Company has made the following awards of nonqualified options to purchase shares of common stock during the nine months ended September 30, 2016:
 
Nine Months Ended
 
September 30, 2016
Date of grant
7/14/2016

2/20/2016

Plan
2010

2010

Options granted
5,000

5,000

Vesting period (beginning on grant date)
18 months

22 months

Expiration date
7/14/2026

2/20/2026

Expected volatility
32.28
%
32.44
%
Expected life (years)
5.5

5.5

Expected dividend yield
2.37
%
2.28
%
Risk free interest rate
1.14
%
1.29
%
Fair value per option
$
11.46

$
10.59