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Accounting for Stock Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Stock Option Activity | The following table summarizes stock option activity during the three-year period ended December 31, 2019:
Options |  | Shares |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2016 |  |  | 2,103,470 |  |  | $ | 32.72 |  |  |  | 4.86 |  |  | $ | 12,265 |
Granted |  |  | 808,500 |  |  |  | 37.23 |  |  |  |  |  |  |  |  |
Exercised |  |  | (202,328 | ) |  |  | 13.62 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (57,500 | ) |  |  | 42.54 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2017 |  |  | 2,652,142 |  |  | $ | 35.34 |  |  |  | 4.76 |  |  | $ | 6,964 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (615,358 | ) |  |  | 24.01 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (383,784 | ) |  |  | 39.59 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2018 |  |  | 1,653,000 |  |  | $ | 38.53 |  |  |  | 4.28 |  |  | $ | 3,610 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (428,250 | ) |  |  | 38.66 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (355,750 | ) |  |  | 39.99 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2019 |  |  | 869,000 |  |  | $ | 37.87 |  |  |  | 3.51 |  |  | $ | 5,172 |
Exercisable at December 31, 2017 |  |  | 984,374 |  |  | $ | 29.84 |  |  |  | 3.44 |  |  | $ | 6,534 |
Exercisable at December 31, 2018 |  |  | 788,125 |  |  | $ | 38.15 |  |  |  | 3.71 |  |  | $ | 2,200 |
Exercisable at December 31, 2019 |  |  | 665,000 |  |  | $ | 38.10 |  |  |  | 3.23 |  |  | $ | 3,725 |
Fair Value of Option on Date of Grant | The fair value of each option is estimated on the date of grant using the Black-Scholes option-pricing model in order to measure the compensation cost associated with the award. This model incorporates certain assumptions for inputs including a risk-free interest rate, expected dividend yield of the underlying Common Stock, expected option life and expected volatility in the market value of the underlying Common Stock. The following assumptions were used for options issued in the following periods:
|  | 2019 |  | 2018 |  | 2017 |
Expected volatility |  | N/A |  | N/A |  | 33% |
Weighted-average expected volatility |  | N/A |  | N/A |  | 33% |
Expected lives |  | N/A |  | N/A |  | 3 years |
Risk-free interest rate |  | N/A |  | N/A |  | 1.49−1.93% |
Expected dividend yield |  | none |  | none |  | none |
Restricted Stock Activity | The following table summarizes restricted stock activity during the three-year period ended December 31, 2019:
Unvested Restricted Shares |  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at December 31, 2016 |  |  | 210,481 |  |  | $ | 39.02 |
Granted |  |  | 237,542 |  |  |  | 37.30 |
Exercised |  |  | (165,923 | ) |  |  | 37.99 |
Forfeited |  |  | — |  |  |  | — |
Outstanding at December 31, 2017 |  |  | 282,100 |  |  | $ | 38.06 |
Granted |  |  | 21,681 |  |  |  | 35.00 |
Exercised |  |  | (130,684 | ) |  |  | 38.62 |
Forfeited |  |  | (36,531 | ) |  |  | 37.60 |
Outstanding at December 31, 2018 |  |  | 136,566 |  |  | $ | 37.16 |
Granted |  |  | 19,920 |  |  |  | 40.16 |
Exercised |  |  | (91,566 | ) |  |  | 37.09 |
Forfeited |  |  | (30,000 | ) |  |  | 38.05 |
Outstanding at December 31, 2019 |  |  | 34,920 |  |  | $ | 38.31 |
SARs Activity | The following table summarizes SARs activity during the three-year period ended December 31, 2019:
Stock Appreciation Rights |  | Shares |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2016 |  |  | 1,244,600 |  |  | $ | 36.11 |  |  |  | 4.80 |  |  | $ | 3,511 |
Granted |  |  | 235,000 |  |  |  | 38.05 |  |  |  |  |  |  |  |  |
Exercised |  |  | (94,250 | ) |  |  | 22.21 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (193,000 | ) |  |  | 32.53 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2017 |  |  | 1,192,350 |  |  | $ | 38.17 |  |  |  | 4.36 |  |  | $ | 2,278 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (204,250 | ) |  |  | 26.35 |  |  |  |  |  |  |  |  |
Forfeited |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2018 |  |  | 988,100 |  |  | $ | 40.61 |  |  |  | 3.57 |  |  | $ | 2,064 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (179,500 | ) |  |  | 32.84 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (254,350 | ) |  |  | 42.63 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2019 |  |  | 554,250 |  |  | $ | 39.41 |  |  |  | 2.84 |  |  | $ | 2,981 |
Exercisable at December 31, 2017 |  |  | 613,808 |  |  | $ | 37.68 |  |  |  | 3.72 |  |  |  | 1,904 |
Exercisable at December 31, 2018 |  |  | 683,600 |  |  | $ | 41.21 |  |  |  | 3.09 |  |  |  | 1,728 |
Exercisable at December 31, 2019 |  |  | 401,438 |  |  | $ | 39.62 |  |  |  | 2.46 |  |  |  | 2,135 |
RSU |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Restricted Stock Activity | The following table summarizes restricted stock unit activity during the two-year period ended December 31, 2019:
|  |  |  |  |  | Performance-Based Awards |  |  |  |  |
Unvested Restricted Stock Units |  | Time Vesting Shares |  |  | ROIC Target Shares |  |  | TSR Target Shares |  |  | Total |
Outstanding at December 31, 2017 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | 86,392 |  |  |  | 64,785 |  |  |  | 64,792 |  |  |  | 215,969 |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at December 31, 2018 |  |  | 86,392 |  |  |  | 64,785 |  |  |  | 64,792 |  |  |  | 215,969 |
Granted |  |  | 107,391 |  |  |  | 56,380 |  |  |  | 56,375 |  |  |  | 220,146 |
Vested |  |  | (23,956 | ) |  |  | — |  |  |  | — |  |  |  | (23,956 | )
Forfeited |  |  | (28,086 | ) |  |  | (26,124 | ) |  |  | (26,128 | ) |  |  | (80,338 | )
Outstanding at December 31, 2019 |  |  | 141,741 |  |  |  | 95,041 |  |  |  | 95,039 |  |  |  | 331,821 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + 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 (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + 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=116856206&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=116856206&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=116856206&loc=d3e5070-113901 + Details
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