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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020, 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, 2019

 

 

317,840

 

 

$

43.40

 

 

 

 

 

 

 

Options exercised

 

 

(138,192

)

 

 

19.30

 

 

 

 

 

 

 

Options cancelled

 

 

(40,000

)

 

 

82.21

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

139,648

 

 

 

56.13

 

 

 

4.88

 

 

 

2,807

 

Exercisable at December 31, 2020

 

 

56,648

 

 

$

21.15

 

 

 

1.71

 

 

$

2,807

 

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

 

Expected volatility

 

 

 

42.2

%

Risk free interest rate

 

 

 

2.7

%

Expected dividend yield

 

 

 

1.2

%

Expected term

 

 

8.3 years

 

Weighted average fair value per share

 

$

36.41

 

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, 2019

 

 

173,473

 

 

$

71.49

 

Granted

 

 

126,206

 

 

 

49.65

 

Vested

 

 

(62,244

)

 

 

63.93

 

Cancelled/Forfeited

 

 

(55,612

)

 

 

67.94

 

Nonvested at December 31, 2020

 

 

181,823

 

 

$

59.16

 

Schedule of Performance Share Unit Activity

The following table presents PSU activity:

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

Grant Date

 

 

 

Units

 

 

Fair Value

 

Nonvested at December 31, 2019

 

 

35,826

 

 

$

67.47

 

Vested

 

 

(13,912

)

 

 

53.42

 

Cancelled/Forfeited

 

 

(13,450

)

 

 

76.15

 

Nonvested at December 31, 2020

 

 

8,464

 

 

$

76.78