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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2020
Stockholders' Equity [Abstract] |
Stockholders' Equity | Note 19. Stockholders' Equity Capital Stock The Company's authorized capital stock consists of 100 million shares of common stock, par value $0.10 per share, of which 33,882,187 shares and 34,544,307 shares were outstanding at December 31, 2020 and 2019, respectively, and 1,000,000 shares of preferred stock, none of which were issued and outstanding. Cash Dividends Cash dividends of $6.8 million or $0.20 per common share were paid during 2020. In January 2021, a cash dividend of approximately $1.7 million or $0.05 per share, was declared, payable in the first quarter of 2021. Stock Award and Incentive Plan At the Company’s 2020 Annual Meeting of Stockholders, the Company’s stockholders ratified the adoption of an amendment and restatement of the Company’s 2015 Stock Award and Incentive Plan (the “2015 Plan”), which provides for grants of incentive and non-qualified stock options, restricted stock, stock appreciation rights, stock awards or performance unit awards. This amendment and restatement increased the number of shares available for issuance pursuant to the 2015 Plan by 1,300,000 shares. The amendment and restatement also removed references to sections of the Internal Revenue Code that no longer apply, added a one-year minimum vesting requirement for all equity awards, subject to an exception of up to 5% of total shares available, and prohibited payment of dividends or dividend equivalents on unvested awards. Finally, the amendment and restatement also revised the definition of “change in control” in the 2015 Plan. The amendment and restatement of the Company’s 2015 Plan by the Company’s stockholders applies to all awards granted under the 2015 Plan after March 11, 2020; awards granted prior to such date are governed by the 2015 Plan as in effect prior to the adoption of such changes (or, for awards granted prior to May 2015, by the 2001 Stock Award and Incentive Plan, as amended and restated (together with the 2015 Plan, the "Plans")). The Plans are administered by the Compensation Committee of the Board of Directors. Stock options granted under the Plans generally have a ten year term. The exercise price for stock options are at prices at or above the fair market value of the common stock on the date of the grant, and each award of stock options will vest ratably over a specified period, generally three years. The following table summarizes stock option and restricted stock activity for the Plans:
|  |  |  |  | Stock Options |  |  | Restricted Shares |
|  | Shares Available for Grant |  |  | Shares |  |  | Weighted Average Exercise Price per Share ($) |  |  | Shares |  |  | Weighted Average Exercise Price per Share ($) |
Balance January 1, 2018 |  |  | 1,036,505 |  |  |  | 996,839 |  |  | $ | 48.21 |  |  |  | 180,110 |  |  | $ | 58.57 |
Granted |  |  | (260,508 | ) |  |  | 191,147 |  |  |  | 76.09 |  |  |  | 69,361 |  |  |  | 76.26 |
Exercised/vested |  |  | — |  |  |  | (98,945 | ) |  |  | 33.83 |  |  |  | (59,649 | ) |  |  | 56.44 |
Canceled |  |  | 90,026 |  |  |  | (34,782 | ) |  |  | 65.47 |  |  |  | (55,244 | ) |  |  | 58.57 |
Balance December 31, 2018 |  |  | 866,023 |  |  |  | 1,054,259 |  |  |  | 54.04 |  |  |  | 134,578 |  |  |  | 68.64 |
Granted |  |  | (388,162 | ) |  |  | 271,261 |  |  |  | 54.44 |  |  |  | 116,901 |  |  |  | 54.51 |
Exercised/vested |  |  | — |  |  |  | (79,686 | ) |  |  | 27.26 |  |  |  | (40,776 | ) |  |  | 60.79 |
Canceled |  |  | 51,181 |  |  |  | (18,214 | ) |  |  | 66.93 |  |  |  | (32,967 | ) |  |  | 61.87 |
Balance December 31, 2019 |  |  | 529,042 |  |  |  | 1,227,620 |  |  |  | 55.83 |  |  |  | 177,736 |  |  |  | 62.40 |
Authorized |  |  | 1,300,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | (394,290 | ) |  |  | 286,078 |  |  |  | 57.67 |  |  |  | 108,212 |  |  |  | 56.93 |
Exercised/vested |  |  | — |  |  |  | (93,099 | ) |  |  | 35.11 |  |  |  | (43,702 | ) |  |  | 66.07 |
Canceled |  |  | 97,494 |  |  |  | (57,233 | ) |  |  | 63.92 |  |  |  | (40,261 | ) |  |  | 65.42 |
Balance December 31, 2020 |  |  | 1,532,246 |  |  |  | 1,363,366 |  |  | $ | 57.29 |  |  |  | 201,985 |  |  | $ | 58.07 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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