XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Share-Based Payments (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of nonvested share activity
   Number of Shares   Weighted Average Grant-Date Fair Value 
Nonvested options – beginning of period   353,790   $12.96 
Nonvested options granted   9,000   $11.35 
Nonvested options vested or forfeited   (27,830)  $12.96 
Nonvested options – end of period   334,960   $12.91 

 

Schedule of stock options, activity
   Shares   Weighted Average Exercise Price 
         
Outstanding at January 1, 2021   713,210   $52.74 
Options granted   9,000    62.18 
Options forfeited   (28,320)   61.30 
Options exercised   (43,450)   33.77 
           
Outstanding at March 31, 2021   650,440   $53.76 
           
Options exercisable   315,480   $44.75 
Options available for future grants   559,440      

 

Schedule of cash proceeds received from share-based payment awards
(In thousands)  March 31,
2021
   March 31,
2020
 
         
Cash proceeds from stock options exercised  $1,467   $641 
Tax benefits   200    
--
 
Intrinsic value of stock options exercised   1,457    733 

 

Schedule of valuation assumptions in black-scholes pricing
   March 31,
2021
   March 31,
2020
 
         
Weighted average expected stock-price volatility   25%   25%
Weighted average expected option life   5 years    5 years 
Weighted average risk-free interest rate   0.4%   1.4%
Weighted average dividend yield   1.6%   2.5%