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Cash and stock-based compensation plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Disclosure of vesting of restricted stock [Table Text Block]
Restricted stock vest on the grant’s date anniversary, as follows:
 
Year of Grant
 
 
 
2014
 
35% in the first and second year, and 30% in the third year
 
2013
 
35% in the first and second year, and 30% in the third year
 
2012
 
25% each year
 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
A summary of the restricted stock granted to Directors is presented below:
 
 
 
 
 
 
Weighted average
 
 
 
 
 
 
grant date fair
 
 
 
Shares
 
value
 
Outstanding at January 1, 2012
 
 
82,005
 
$
14.59
 
Granted
 
 
32,317
 
 
22.09
 
Vested
 
 
(23,493)
 
 
14.35
 
Outstanding at December 31, 2012
 
 
90,829
 
 
17.32
 
Granted
 
 
28,500
 
 
25.00
 
Vested
 
 
(34,467)
 
 
16.84
 
Outstanding at December 31, 2013
 
 
84,862
 
 
20.10
 
Granted
 
 
28,500
 
 
30.25
 
Vested
 
 
(35,026)
 
 
18.80
 
Outstanding at December 31, 2014
 
 
78,336
 
$
24.37
 
Expected to vest
 
 
78,336
 
$
24.37
 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
A summary of the status of the restricted stock units granted to certain Executives is presented below:
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
average
 
 
 
 
 
 
 
 
 
average grant
 
remaining
 
Aggregate
 
 
 
 
 
 
date fair
 
contractual
 
intrinsic value
 
 
 
Stock units
 
value
 
term
 
(thousands)
 
Outstanding at January 1, 2012
 
 
226,410
 
$
12.80
 
 
 
 
 
 
Granted
 
 
181,598
 
 
17.52
 
 
 
 
 
 
Forfeited
 
 
(54,367)
 
 
13.88
 
 
 
 
 
 
Vested
 
 
(85,249)
 
 
12.31
 
 
 
 
 
 
Outstanding at December 31, 2012
 
 
268,392
 
 
15.93
 
 
 
 
 
 
Granted
 
 
114,070
 
 
18.76
 
 
 
 
 
 
Forfeited
 
 
(15,223)
 
 
16.81
 
 
 
 
 
 
Vested
 
 
(124,490)
 
 
16.08
 
 
 
 
 
 
Outstanding at December 31, 2013
 
 
242,749
 
 
17.13
 
 
 
 
 
 
Granted
 
 
47,737
 
 
19.24
 
 
 
 
 
 
Forfeited
 
 
(39,255)
 
 
17.25
 
 
 
 
 
 
Vested
 
 
(87,519)
 
 
16.27
 
 
 
$
813
 
Outstanding at December 31, 2014
 
 
163,712
 
$
18.18
 
2.04 years
 
$
1,952
 
Expected to vest
 
 
163,712
 
$
18.18
 
 
 
$
1,952
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of stock purchase options granted to certain Executives during 2014 and 2012 was estimated using a binomial option-pricing model, based on the following factors:
 
 
 
 
 
Measuring
 
 
 
 
 
 
 
 
 
 
unit
 
2014
 
2013
 
2012
 
Weighted average fair value per option
 
 
 
 
$
 
 
2.16
 
 
-
 
 
3.01
 
Weighted average expected term, in years
 
 
 
 
years
 
 
5.50
 
 
-
 
 
5.50
 
Expected volatility
 
 
 
 
%
 
 
22.74
 
 
-
 
 
33.35
 
Risk-free rate
 
 
 
 
%
 
 
0.12 to 2.19
 
 
-
 
 
0.18 to 1.34
 
Expected dividend
 
 
 
 
%
 
 
5.00
 
 
-
 
 
5.30
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of stock options granted is presented below:
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
average
 
Aggregate
 
 
 
 
Weighted
 
remaining
 
intrinsic
 
 
 
 
average
 
contractual
 
value
 
 
 
Options
 
exercise price
 
term
 
(thousands)
 
Outstanding at January 1, 2012
 
 
915,566
 
$
12.87
 
 
 
 
 
 
Granted
 
 
182,420
 
 
18.93
 
 
 
 
 
 
Forfeited
 
 
(231,639)
 
 
15.82
 
 
 
 
 
 
Exercised
 
 
(442,675)
 
 
12.90
 
 
 
 
 
 
Outstanding at December 31, 2012
 
 
423,672
 
 
13.83
 
 
 
 
 
 
Granted
 
 
-
 
 
-
 
 
 
 
 
 
Forfeited
 
 
(9,780)
 
 
18.18
 
 
 
 
 
 
Exercised
 
 
(226,147)
 
 
12.76
 
 
 
 
 
 
Outstanding at December 31, 2013
 
 
187,745
 
 
14.90
 
 
 
 
 
 
Granted
 
 
315,971
 
 
25.15
 
 
 
 
 
 
Forfeited
 
 
(671)
 
 
18.57
 
 
 
 
 
 
Exercised
 
 
(111,349)
 
 
13.18
 
 
 
 
 
 
Outstanding at December 31, 2014
 
 
391,696
 
$
23.65
 
5.62 years
 
$
2,526
 
Exercisable
 
 
33,803
 
$
15.53
 
2.11 years
 
$
493
 
Expected to vest
 
 
357,893
 
$
24.42
 
5.88 years
 
$
2,033
 
Schedule Of Share-Based Compensation, Restricted Stock Granted To Directors [Table Text Block]
A summary of restricted stock granted to Directors is presented below:
 
 
 
 
Weighted average
 
 
 
 
grant date fair
 
 
 
Shares
 
value
 
 
 
 
 
 
 
 
Non vested at January 1, 2012
 
 
3,518
 
$
21.35
 
Granted
 
 
-
 
 
-
 
Vested
 
 
(3,518)
 
 
21.35
 
Non vested at December 31, 2012
 
 
-
 
 
 
 
Share Options Granted To Directors and Certain Executives and Changes [Table Text Block]
A summary of the share options granted to Directors and certain Executives is presented below:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
Weighted
 
average
 
Aggregate
 
 
 
 
 
 
average
 
remaining
 
intrinsic
 
 
 
 
 
 
exercise
 
contractual
 
value
 
 
 
Options
 
price
 
term
 
(thousands)
 
Outstanding at January 1, 2013
 
 
49,804
 
$
16.34
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
(49,804)
 
 
16.34
 
 
 
 
 
 
 
Outstanding at December 31, 2013
 
 
-
 
 
 
 
 
 
 
 
 
 
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]
A summary of the indexed stock purchase options is presented below:
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Weighted
 
Average
 
Aggregate
 
 
 
 
 
 
average
 
remaining
 
intrinsic
 
 
 
 
 
 
exercise
 
contractual
 
value
 
 
 
Options
 
price
 
term
 
(thousands)
 
Outstanding at January 1, 2012
 
 
325,936
 
$
12.86
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
-
 
 
 
 
 
 
 
Expired
 
 
(3,542)
 
 
14.48
 
 
 
 
 
 
 
Exercised
 
 
(322,394)
 
 
16.41
 
 
 
 
 
 
 
Outstanding at December 31, 2012
 
 
-
 
 
 
 
 
 
 
 
 
 
Schedule Of Deferred Compensation Plan [Table Text Block]
A summary on changes is presented below:
 
 
 
2013
 
2012
 
Outstanding at beginning of year
 
 
534
 
 
1,812
 
Exercised
 
 
(534)
 
 
(1,278)
 
Outstanding at end of year
 
 
-
 
 
534