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Stock Based Compensation Plans | 3 Months Ended
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Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | STOCK BASED COMPENSATION PLANS Under our 2013 Long-Term Incentive Plan, we granted options in the first quarter of 2016 to purchase shares of our common stock. The fair values of the options were estimated on the date of grant using the Black-Scholes option-pricing model. The fair value of our grants is expensed over the four year vesting period. The following table presents a roll-forward of our stock option plans and grants issued during 2016:
Schedule of Share-based Compensation Arrangements
| Stock Option Plans
Roll-Forward of Shares Outstanding: |
Outstanding at January 1, 2016 | 409,482 |
Granted | 55,000 |
Exercised | (23,003 | )
Forfeited | — |
Outstanding at March 31, 2016 | 441,479 |
Exercisable at Period-End | 305,124 |
Vested and Expected to Vest | 136,355 |
Roll-Forward of Shares Outstanding - Weighted Average Exercise Price: |
Outstanding at January 1, 2016 | $ | 22.59 |
Granted | 25.85 |
Exercised | 23.72 |
Forfeited | — |
Outstanding at March 31, 2016 | 22.94 |
Exercisable at Period-End | 21.95 |
Vested and Expected to Vest | 25.15 |
Grants Issued During 2016 - Weighted Average Information: |
Fair Value | 5.77 |
Fair Value Assumptions: |
Dividend Yield | 3.88 | %
Expected Volatility | 32.95 | %
Risk Free Interest Rate | 1.80 | %
Expected Lives (in years) | 7.56 |
The following table presents information on the amounts expensed for the periods ended March 31, 2016 and 2015:
Share-Based Compensation Expense
|  | For the Three Months Ended March 31,
|  | 2016 |  | 2015
Share-Based Compensation Expense |  | $ | 74 |  |  | $ | 82 |
Arrow also sponsors an Employee Stock Purchase Plan under which employees purchase Arrow's common stock at a 5% discount below market price. Under current accounting guidance, a stock purchase plan with a discount of 5% or less is not considered a compensatory plan.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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