XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Employee Benefit Plans (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Share-based Compensation [Abstract] |
Summary Of Stock Option Activity | A summary of the Company’s stock option activity and related information is presented below:
| Six months ended June 30,
| 2016 | 2015
Options | Weighted-Average Exercise Price | Options | Weighted-Average Exercise Price
Outstanding at January 1 | 95,015 |  | $ | 38.38 |  | 167,554 |  | $ | 36.74 |
Granted | 24,348 |  | 43.73 |  | 12,961 |  | 46.41 |
Exercised | (20,250 | ) | 33.68 |  | (29,250 | ) | 34.30 |
Forfeited | — |  | — |  | (4,000 | ) | 31.66 |
Outstanding at June 30 | 99,113 |  | $ | 40.68 |  | 147,265 |  | $ | 38.24 |
Exerciseable at June 30 | 15,500 |  | $ | 36.23 |  | 72,000 |  | $ | 37.01 |
Information regarding stock option exercises and stock-based compensation expense associated with stock options is provided in the following table (in thousands):
| Six months ended June 30,
| 2016 | 2015
Proceeds from stock option exercises | $ | 682 |  | $ | 1,003 |
Intrinsic value of stock options exercised | 302 |  | 322 |
Stock-based compensation expense associated with stock options | $ | 120 |  | $ | 105 |
At period-end: | June 30, 2016 |
Unrecognized stock-based compensation expense associated with stock options | $ | 500 |  |
Weighted average period (in years) in which the above amount is expected to be |  |
recognized | 2.7 |  |
Stock Options Outstanding And Exercisable | Additional information regarding stock options outstanding and exercisable at June 30, 2016, is provided in the following table:
Ranges of Exercise Prices | No. of Options Outstanding | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value (in thousands) | No. of Options Currently Exercisable | Weighted-Average Exercise Price of Options Currently Exercisable | Weighted-Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value of Options Currently Exercisable (in thousands)
$25.00 - $29.99 | 1,250 |  | $ | 28.15 |  | 2.7 | $ | 22 |  | 1,250 |  | $ | 28.15 |  | 2.7 |  | $ | 22 |
30.00 - 34.99 | 3,000 |  | 30.38 |  | 2.4 | 45 |  | 3,000 |  | 30.38 |  | 2.4 |  | 45 |
35.00 - 39.99 | 36,601 |  | 36.35 |  | 6.0 | 334 |  | 4,250 |  | 35.09 |  | 4.8 |  | 44 |
40.00 - 44.99 | 45,301 |  | 43.51 |  | 7.9 | 89 |  | 7,000 |  | 40.88 |  | 1.8 |  | 32 |
45.00 - 50.00 | 12,961 |  | 46.61 |  | 8.7 | — |  | — |  | — |  | — |  | — |
| 99,113 |  |  |  | $ | 490 |  | 15,500 |  |  |  | $ | 143 |
Weighted Average Assumptions Estimate The Fair Value Of Options Granted | The following weighted average assumptions were used to estimate the fair value of options granted:
| Six months ended June 30,
| 2016 | 2015
Risk-free interest rate | 1.43 | % | 1.95 | %
Expected dividend yield | 3.86 | % | 3.50 | %
Volatility factor | 30.76 | % | 45.40 | %
Expected life of option | 7.0 years |  | 7.0 years |
Restricted Shares Activity And Related Information | A summary of the Company’s restricted shares activity and related information is presented below:
| Six months ended June 30,
| 2016 | 2015
Restricted Awards | Average Market Price at Grant | Restricted Awards | Average Market Price at Grant
Outstanding at January 1 | 172,921 |  | $ | 37.38 |  | 163,431 |  | $ | 35.50 |
Granted | 27,451 |  | 45.99 |  | 25,440 |  | 46.35 |
Forfeited | — |  | — |  | (500 | ) | 37.50 |
Vested | (21,700 | ) | 33.89 |  | (16,550 | ) | 33.51 |
Outstanding at June 30 | 178,672 |  | $ | 39.13 |  | 171,821 |  | $ | 37.29 |
Information regarding stock-based compensation associated with restricted shares during the three months ended June 30, 2016 and 2015 is provided in the following table (in thousands):
| Six months ended June 30,
| 2016 | 2015
Stock-based compensation expense associated with restricted shares | $ | 661 |  | $ | 567 |
At period-end: | June 30, 2016 |
Unrecognized stock-based compensation expense associated with restricted shares | $ | 3,498 |  |
Weighted average period (in years) in which the above amount is expected to be |  |
recognized | 3.3 |  |
Net Periodic Pension Cost Of The Defined Benefit Plan | The following table presents details of the Company's activities pursuant to these plans (in thousands):
| Three months ended June 30, | Six months ended June 30,
2016 | 2015 | 2016 | 2015
Components of net periodic cost: |  |  |  |
Interest cost | $ | 205 |  | $ | 203 |  | $ | 410 |  | $ | 465 |
Expected return on plan assets | (288 | ) | (234 | ) | (577 | ) | (523 | )
Net amortization and deferral | 212 |  | 244 |  | 424 |  | 471 |
Net Periodic Pension Cost | $ | 129 |  | $ | 213 |  | $ | 257 |  | $ | 413 |
401(k) Plan expense | $ | 201 |  | $ | 182 |  | $ | 418 |  | $ | 411 |
Defined benefit plan contributions | $ | — |  | $ | 85 |  | $ | — |  | $ | 170 |

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2439-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2410-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=73719040&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration