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Equity (Tables)
12 Months Ended
Dec. 31, 2015
Restricted Shares Issued in Conjunction with Stock Plan

Restricted Shares issued for 2013 – 2015 in conjunction with the Stock Plan are presented in the following table:

 

Issuance Date

  

Shares

  

Aggregate
Market Value (millions)

2/4/13

   21,240    $0.6

1/31/14

   35,500    $1.1

1/26/15

   40,010    $1.5
Restricted Stock Units Issued

The equity portion of Restricted Stock Units activity during 2015 and 2014 in conjunction with the Stock Plan are presented in the following table:

 

Restricted Stock Units (Equity Portion)

 
     2015      2014  
     Units      Weighted
Average
Stock
Price
     Units      Weighted
Average
Stock
Price
 

Beginning Restricted Stock Units

     23,576       $ 29.90         14,903       $ 28.90   

Restricted Stock Units Granted

     8,965       $ 36.54         9,078       $ 31.23   

Dividend Equivalents Earned

     1,047       $ 35.01         701       $ 33.18   

Restricted Stock Units Settled

                     (1,106    $ 29.49   
  

 

 

       

 

 

    

Ending Restricted Stock Units

     33,588       $ 31.83         23,576       $ 29.90   
  

 

 

       

 

 

    
Reconciliation of Basic and Diluted Earnings Per Share

The following table reconciles basic and diluted earnings per share.

 

(Millions except shares and per share data)

   2015      2014      2013  

Earnings Available to Common Shareholders

   $ 26.3       $ 24.7       $ 21.6   
  

 

 

    

 

 

    

 

 

 

Weighted Average Common Shares Outstanding—Basic (000’s)

     13,917         13,843         13,773   

Plus: Diluted Effect of Incremental Shares (000’s)

     3         4         2   
  

 

 

    

 

 

    

 

 

 

Weighted Average Common Shares Outstanding—Diluted (000’s)

     13,920         13,847         13,775   
  

 

 

    

 

 

    

 

 

 

Earnings per Share—Basic and Diluted

   $ 1.89       $ 1.79       $ 1.57