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Stock Options | 12 Months Ended
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Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
STOCK OPTIONS | STOCK OPTIONS Incentive Options On May 7, 2015, the stockholders of the Company approved the 2015 Incentive Stock Option Plan (“2015 ISO Plan”) and the Company reserved 400,000 shares of common stock for options to be issued under the 2015 ISO Plan. During the years ended December 31, 2016 and December 31, 2015, options to purchase 21,000 and 29,500, respectively, shares were granted under this plan. Each option becomes vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. On May 3, 2005, the stockholders of the Company approved the 2005 Incentive Stock Option Plan (“2005 ISO Plan”) and the Company reserved 500,000 shares of common stock for options to be issued under the 2005 ISO Plan. During the year ended December 31, 2014, options to purchase 48,250 shares were granted under this plan. Each option becomes vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. No further option grants can be made under this plan as of 2015. Following is a summary of activity in the Incentive Stock Option Plans for the periods indicated:
| 2016 | 2015 | 2014
| Shares | Exercise Price* | Shares | Exercise Price* | Shares | Exercise Price*
Options outstanding at beginning of year | 254,195 |  | $ | 34.64 |  | 301,800 |  | $ | 30.73 |  | 292,350 |  | $ | 26.68 |
Granted | 21,000 |  | 54.87 |  | 29,500 |  | 53.95 |  | 48,250 |  | 52.67 |
Exercised | (43,775 | ) | 26.59 |  | (75,355 | ) | 26.11 |  | (27,700 | ) | 24.33 |
Canceled | (10,600 | ) | 50.68 |  | (1,750 | ) | 53.61 |  | (11,100 | ) | 35.42 |
Options outstanding at end of year | 220,820 |  | 37.39 |  | 254,195 |  | 34.64 |  | 301,800 |  | 30.73 |
Options exercisable at end of year | 136,220 |  | $ | 29.66 |  | 143,345 |  | $ | 25.69 |  | 172,450 |  | $ | 22.30 |
Options available for grant at end of year | 353,450 |  |  |  | 370,750 |  |  |  | 28,950 |  |  |
*Weighted Averages Options outstanding and exercisable at December 31, 2016 were as follows:
Qualified Stock Options | Options Outstanding |  | Options Exercisable
| Shares |  | Remaining Contractual Life (yrs)* | Exercise Price* |  | Shares | Exercise Price*
Range of Exercise Price |  |  |  |  |  |  |  |  |  |
$11.45 - $22.55 | 44,320 |  | 2.03 | $ | 15.08 |  |  | 44,320 |  | $ | 15.08 |
$24.69 - $42.70 | 96,350 |  | 5.30 | $ | 34.07 |  |  | 73,750 |  | $ | 32.64 |
$49.44 - $54.87 | 80,150 |  | 8.21 | $ | 53.72 |  |  | 18,150 |  | $ | 53.17 |
Total | 220,820 |  |  |  |  |  | 136,220 |  |  |
*Weighted Averages The weighted-average grant-date fair values of options granted during 2016, 2015, and 2014 were $27.48, $27.63 and $27.23, respectively. As of December 31, 2016, there was $1,302,000 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a period of five years. Non-Qualified Options On May 3, 2001, the stockholders of the Company approved the First Amended and Restated 1999 Non-Qualified Stock Option Plan ("FAR 1999 NQSO Plan") to add non-employee directors as eligible persons to receive grants of stock options. The Company reserved 400,000 shares of common stock for options to be issued under this plan. Options become vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. No further option grants can be made under this plan as of 2009. On May 7, 2009, the stockholders of the Company approved the 2009 Equity Incentive Plan and the Company reserved 400,000 shares of common stock for this plan. Options become vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. Following is a summary of activity in the Non-Qualified Stock Option Plans for the periods indicated:
| 2016 | 2015 | 2014
| Shares | Exercise Price* | Shares | Exercise Price* | Shares | Exercise Price*
Options outstanding at beginning of year | 127,300 |  | $ | 32.05 |  | 132,100 |  | $ | 31.30 |  | 114,700 |  | $ | 24.87 |
Granted | — |  | — |  | — |  | — |  | 29,000 |  | 53.51 |
Exercised | (14,900 | ) | 13.73 |  | (4,800 | ) | 11.45 |  | (11,600 | ) | 23.29 |
Canceled | — |  | — |  | — |  | — |  | — |  | — |
Options outstanding at end of year | 112,400 |  | 34.48 |  | 127,300 |  | 32.05 |  | 132,100 |  | 31.30 |
Options exercisable at end of year | 85,000 |  | $ | 29.61 |  | 83,100 |  | $ | 24.54 |  | 71,100 |  | $ | 19.85 |
Options available for grant at end of year | 207,608 |  |  |  | 232,522 |  |  |  | 258,526 |  |  |
*Weighted Averages Options outstanding and exercisable as of December 31, 2016 were as follows:
Non-Qualified Stock Options | Options Outstanding |  | Options Exercisable
| Shares |  | Remaining Contractual Life (yrs)* | Exercise Price* |  | Shares |  |  | Exercise Price*
Range of Exercise Price |  |  |  |  |  |  |  |  |  |  |
$11.45 - $22.55 | 18,400 |  | 2.36 | $ | 11.45 |  |  | 18,400 |  |  | $ | 11.45 |
$24.69 - $42.70 | 65,000 |  | 4.51 | 32.50 |  |  | 55,000 |  |  | 30.65 |
$49.44 - $54.87 | 29,000 |  | 7.37 | $ | 53.51 |  |  | 11,600 |  |  | $ | 53.51 |
Total | 112,400 |  |  |  |  |  | 85,000 |  |  |  |
*Weighted Averages The weighted-average grant-date fair value of options granted during 2014 were $27.72. There were no options granted in 2015 or 2016. As of December 31, 2016, there was $53,000 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a period of five years. During 2016, 2015, and 2014, 14,900, 4,800, and 11,600 non-qualified options were exercised, respectively, $205,000, $55,000, and $270,000 of cash receipts were received, respectively, and tax deductions of $657,000, $187,000, and $262,000 were realized, respectively, for the tax deductions from option exercises. Restricted Stock Awards Following is a summary of activity in the Restricted Stock Awards for the periods indicated:
| 2016 | 2015 | 2014
| Shares | Exercise Price* | Shares | Exercise Price* | Shares | Exercise Price*
Options outstanding at beginning of year | 32,616 |  | $ | 53.31 |  | 12,043 |  | $ | 44.10 |  | 10,724 |  | $ | 32.49 |
Granted | 27,440 |  | 55.17 |  | 26,004 |  | 54.14 |  | 6,000 |  | 53.51 |
Exercised | (11,909 | ) | 52.67 |  | (5,431 | ) | 36.85 |  | (4,681 | ) | 29.56 |
Canceled | (2,526 | ) | 53.57 |  | — |  | — |  | — |  | — |
Options outstanding at end of year | 45,621 |  | 54.58 |  | 32,616 |  | 53.31 |  | 12,043 |  | 44.10 |
*Weighted Averages Restricted stock awards vest 25% after one year following the award date and for an additional 25% of total awarded shares each succeeding year until fully vested. The weighted-average remaining contractual life in years for 2016, 2015, and 2014 was 2.89, 3.11 and 2.39, respectively. As of December 31, 2016, there was $1,959,000 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a period of four years.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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