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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

A summary of the status of the Company’s stock options at December 31, 2018, together with changes during the periods then ended, is presented below:

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

Aggregate

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Intrinsic

 

 

 

Number

 

 

Exercise

 

 

Contractual

 

 

Value

 

 

 

of Options

 

 

Price

 

 

Term (Years)

 

 

(In Thousands)

 

Outstanding at December 31, 2017

 

 

292,400

 

 

$

17.99

 

 

 

 

 

 

 

Options granted at market price

 

 

120,000

 

 

 

82.21

 

 

 

 

 

 

 

Options exercised

 

 

(40,140

)

 

 

14.39

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

372,260

 

 

 

39.08

 

 

 

4.86

 

 

 

9,759

 

Exercisable at December 31, 2018

 

 

219,135

 

 

 

17.73

 

 

 

2.56

 

 

$

8,661

 

Summary of Fair Value of Stock Option Awards Under Black-Scholes Option-Pricing Model

The fair value of stock option awards as determined under the Black-Scholes option-pricing model was estimated with the following weighted-average assumptions:

 

 

 

2018

 

2016

 

 

Expected volatility

 

 

42.2

%

 

55.2

 

%

Risk free interest rate

 

 

2.7

%

 

1.2

 

%

Expected dividend yield

 

 

1.2

%

 

2.2

 

%

Expected term

 

 

8.3 years

 

 

6.2 years

 

 

Weighted average fair value per share

 

$

36.41

 

$

 

17.10

 

 

Schedule of Restricted Stock Unit Activity

The following table presents restricted stock unit activity:

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

Grant Date

 

 

 

Units

 

 

Fair Value

 

Nonvested at December 31, 2017

 

 

234,383

 

 

$

47.26

 

Granted

 

 

55,352

 

 

 

96.31

 

Vested

 

 

(53,938

)

 

 

46.56

 

Cancelled/Forfeited

 

 

(31,943

)

 

 

46.20

 

Nonvested at December 31, 2018

 

 

203,854

 

 

$

60.93