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Employee Benefit Plans (Tables) | 9 Months Ended
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Sep. 30, 2018
Share-based Compensation [Abstract] |
Summary Of Stock Option Activity | A summary of the Company’s stock option activity and related information is presented below:
| Nine months ended September 30,
| 2018 | 2017
Options | Weighted-Average Exercise Price | Options | Weighted-Average Exercise Price
Outstanding at January 1 | 87,605 |  | $ | 47.15 |  | 86,613 |  | $ | 41.08 |
Granted | — |  | — |  | 17,631 |  | 66.32 |
Exercised | (29,133 | ) | 39.47 |  | (16,639 | ) | 35.91 |
Outstanding at September 30 | 58,472 |  | $ | 50.97 |  | 87,605 |  | $ | 47.15 |
Exerciseable at September 30 | 3,197 |  | $ | 42.82 |  | 7,887 |  | $ | 37.37 |
Information regarding stock option exercises and stock-based compensation expense associated with stock options is provided in the following table (in thousands):
| Nine months ended September 30,
| 2018 | 2017
Proceeds from stock option exercises | $ | 1,149 |  | $ | 597 |
Intrinsic value of stock options exercised | 944 |  | 481 |
Stock-based compensation expense associated with stock options | $ | 137 |  | $ | 186 |
At period-end: | September 30, 2018 |
Unrecognized stock-based compensation expense associated with stock options | $ | 245 |  |
Weighted average period (in years) in which the above amount is expected to be |  |
recognized | 2.1 |  |
Stock Options Outstanding And Exercisable | Additional information regarding stock options outstanding and exercisable at September 30, 2018 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)
$30.00 - $34.99 | 500 |  | $ | 30.38 |  | 0.2 | $ | 23 |  | 500 |  | $ | 30.38 |  | 0.2 |  | $ | 23 |
35.00 - 39.99 | 38 |  | 37.74 |  | 4.4 | 1 |  | 38 |  | 37.74 |  | 4.4 |  | 1 |
40.00 - 44.99 | 30,676 |  | 43.87 |  | 7.0 | 1,010 |  | 1,675 |  | 44.43 |  | 5.5 |  | 54 |
45.00 - 49.99 | 9,627 |  | 46.61 |  | 6.4 | 291 |  | 984 |  | 46.61 |  | 6.4 |  | 30 |
65.00 - 70.00 | 17,631 |  | 66.32 |  | 8.4 | 185 |  | — |  | — |  | — |  | — |
| 58,472 |  |  |  | $ | 1,510 |  | 3,197 |  |  |  | $ | 108 |
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:
| Nine months ended September 30,
| 2017
Risk-free interest rate | 2.12 | %
Expected dividend yield | 2.60 | %
Volatility factor | 25.80 | %
Expected life of option | 7.0 years |
Restricted Shares Activity And Related Information | A summary of the Company’s restricted shares activity and related information is presented below:
| Nine months ended September 30,
| 2018 | 2017
Restricted Awards | Average Market Price at Grant | Restricted Awards | Average Market Price at Grant
Outstanding at January 1 | 170,033 |  | $ | 44.34 |  | 182,122 |  | $ | 39.40 |
Granted | 28,363 |  | 69.94 |  | 27,339 |  | 64.42 |
Forfeited | — |  | — |  | (1,850 | ) | 42.25 |
Vested | (48,104 | ) | 37.31 |  | (37,278 | ) | 35.02 |
Outstanding at September 30 | 150,292 |  | $ | 51.42 |  | 170,333 |  | $ | 44.35 |
Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):
| Nine months ended September 30,
| 2018 | 2017
Stock-based compensation expense associated with restricted shares | $ | 1,201 |  | $ | 1,107 |
At period-end: | September 30, 2018 |
Unrecognized stock-based compensation expense associated with restricted shares | $ | 4,003 |  |
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 September 30, | Nine months ended September 30,
2018 | 2017 | 2018 | 2017
Components of net periodic cost: |  |  |  |
Interest cost | $ | 147 |  | $ | 193 |  | $ | 442 |  | $ | 579 |
Expected return on plan assets | (270 | ) | (294 | ) | (810 | ) | (883 | )
Net amortization and deferral | 218 |  | 212 |  | 655 |  | 641 |
Settlement | — |  | — |  | 151 |  | — |
Net Periodic Pension Cost | $ | 95 |  | $ | 111 |  | $ | 438 |  | $ | 337 |
401(k) Plan expense | $ | 190 |  | $ | 207 |  | $ | 619 |  | $ | 654 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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