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Shareholders' Equity (Deficit): (Tables)
9 Months Ended
Sep. 30, 2017
Shareholders' Equity (Deficit):  
Schedule of weighted average assumptions used in estimation of fair value of options granted

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

    

September 30, 2017

 

September 24, 2016

 

Risk free interest rate

 

 

1.90

%

 

1.52

%

Expected life (years)

 

 

 6

 

 

 6

 

Expected volatility

 

 

26.93

%

 

27.10

%

Dividend yield

 

 

1.14

%

 

1.38

%

Option fair value

 

$

31.38

 

$

23.78

 

 

Schedule of options outstanding and options exercisable

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted Average

    

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

Number of

 

Weighted Average

 

Contractual Life

 

 

 

 

 

Shares

 

Exercise Price

 

(years)

 

 

Intrinsic Value

Outstanding, December 31, 2016

 

673,670

 

$

62.11

 

6.11

 

$

43,139,100

Granted

 

36,000

 

 

122.19

 

 

 

 

 

Exercised

 

(58,686)

 

 

28.96

 

 

 

 

 

Forfeited

 

(4,750)

 

 

95.28

 

 

 

 

 

Outstanding, September 30, 2017

 

646,234

 

$

68.23

 

5.84

 

$

41,050,600

Exercisable, September 30, 2017

 

456,953

 

$

54.68

 

4.82

 

$

35,215,600

 

Schedule of the reconciliation of common shares outstanding and total equity

 

 

 

 

 

 

 

 

Common

 

 

Total Equity

 

    

Shares

    

 

(Deficit)

BALANCE, December 31, 2016

 

4,165,769

 

$

(7,852,000)

Repurchase of common stock

 

(400,000)

 

 

(49,904,100)

Stock options exercised, net of shares surrendered

 

55,759

 

 

1,329,200

Compensation expense relating to stock options

 

 —

 

 

1,462,500

Cash dividends

 

 —

 

 

(1,343,800)

Comprehensive income

 

 —

 

 

16,918,500

BALANCE, September 30, 2017

 

3,821,528

 

$

(39,389,700)