Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

A summary of the RSUs for the six months ended June 30, 2015 is as follows:


	Restricted Share Units
	Performance and Service Required		Service Required		Total Restricted Share Units		Weighted-Average Grant-Date Fair Value
Nonvested as of January 1, 2015		88,508		10,413		98,921	$	67.36
Granted		50,927		6,073		57,000		45.85
Vested		0		0		0		0.00
Forfeited		0		0		0		0.00

Nonvested as of June 30, 2015		139,435		16,486		155,921	$	59.50

Weighted-Average Assumptions for Estimating Fair Values

The fair value for the stock options granted in 2014 was estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:


	2014
Risk-free interest rate		1.7%
Dividend yield		1.7%
Expected life (years)		5
Expected volatility		45.8%

Stock Options [Member]

Activity in Company's Plan

Activity in the Company’s 1999 Stock Option Plan for the six months ended June 30, 2015 was as follows:


	Number of Shares		Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2015		12,000	$	41.44
Granted		0	$	0.00
Exercised		0	$	0.00
Forfeited		0	$	0.00

Outstanding (exercisable and vested) at June 30, 2015		12,000	$	41.44		2.3	$	14

Long Term Incentive Plan [Member]

Activity in Company's Plan

Activity in the Company’s LTIP plan for six months ended June 30, 2015 was as follows:


	Number of Shares			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2015		47,750		$	58.11
Granted		0		$	0.00
Exercised		0		$	0.00
Forfeited		(2,000	)	$	52.21

Outstanding (vested and expected to vest) at June 30, 2015		45,750		$	58.37		8.4	$	0

Exercisable at June 30, 2015		19,750		$	60.97		7.3	$	0