XML 55 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

Long Term Incentive Plan

The Long Term Incentive Plan provides for the grant of incentive stock options, non-qualified stock options, restricted stock, restricted stock units, performance units and performance shares. The Compensation Committee of the Board of Directors administers the Long Term Incentive Plan.

Shares Available for Grant at Period-End 261,614

The following table summarizes information about restricted stock unit activity for the year ended December 31, 2018 which was the first year the company has granted restricted stock units.

	Restricted Stock Units		Weighted Average Grant Date Fair Value
Non-vested at January 1, 2018	—		$	—
Granted	3,377		$	32.57
Vested	—		$	—
Canceled	—		$	—
Non-vested at December 31, 2018	3,377		$	32.57

The following table presents information on the amounts expensed related to Restricted Stock Units awarded pursuant to the Long Term Incentive Plan for the year ended December 31, 2018.

		2018
Amount Expensed During the Year		34
Compensation Costs for Non-vested Awards Not Yet Recognized		76

The following table summarizes information about stock option activity for the year ended December 31, 2018.

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2018	356,540		23.42
Granted	53,466		31.84
Exercised	(107,818	)	20.92
Forfeited	(17,666	)	27.06
Outstanding at December 31, 2018	284,522		25.67		5.44	1,807
Vested at Period-End	172,410		22.56		3.68	1,631
Expected to Vest	112,112		30.46		8.16	176

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Schedule of Stock Options Granted Under the Long Term Incentive Plan by Exercise Price Range

	Exercise Price Ranges
	$17.48		$19.58 to $20.93		$21.50 to $21.99		$23.19 to $23.66		$31.84		$35.07		Total
Outstanding at December 31, 2018
Number of Stock Options Outstanding	5,763		61,569		52,683		69,175		50,376		44,956		284,522
Weighted-Average Remaining Contractual Life (in years)	0.06		1.65		3.75		6.34		9.09		7.86		5.44
Weighted-Average Exercise Price	17.48		20.32		21.81		23.45		31.84		35.07		25.67
Vested at December 31, 2018
Number of Stock Options Outstanding	5,763		61,569		52,683		38,243		1,030		13,122		172,410
Weighted-Average Remaining Contractual Life (in years)	0.06		1.65		3.75		6.00		9.09		7.36		3.68
Weighted-Average Exercise Price	17.48		20.32		21.81		23.40		31.84		35.07		22.55

Other Stock Based Compensation Disclosure Table

Schedule of Other Information on Stock Options Granted

		2018				2017				2016
Stock Options Granted		53,466				57,290				60,101
Weighted Average Grant Date Information:
Fair Value of Options Granted		$	5.59			$	6.07			$	5.28
Fair Value Assumptions:
Dividend Yield		2.98		%		2.72		%		3.88		%
Expected Volatility		21.55		%		21.40		%		32.95		%
Risk Free Interest Rate		2.68		%		2.25		%		1.80		%
Expected Lives (in years)		6.98				6.88				7.56
Amount Expensed During the Year		$	322			$	351			$	287
Compensation Costs for Non-vested Awards Not Yet Recognized		504				528				521
Weighted Average Expected Vesting Period, In Years		2.74				2.59				2.71
Proceeds From Stock Options Exercised		2,255				$	1,190			$	2,404
Tax Benefits Related to Stock Options Exercised		240				168				188
Intrinsic Value of Stock Options Exercised		1,552				825				1,010

Schedule of Employee Stock Ownership Plan (ESOP) Disclosures

Schedule of ESOP Compensation Expense

		2018				2017				2016
ESOP Compensation Expense		$	1,400			$	1,400			$	1,200

Shares pledged as collateral are reported as unallocated ESOP shares in stockholders’ equity.  As shares are released from collateral, Arrow reports compensation expense equal to the current average market price of the shares, and the shares become outstanding for earnings per share computations.  The ESOP shares as of December 31, 2018 were as follows:

Schedule of Shares in ESOP Plan

ESOP Plan Shares:	2018
Allocated Shares	758,101
Shares Released for Allocation During 2018	4,931
Unallocated Shares	5,001
Total ESOP Shares	768,033
Market Value of Unallocated Shares	$	160

X

- Definition

Other Stock Based Compensation Disclosure Table [Table Text Block]

+ References

No definition available.

+ Details

Name:	arow_OtherStockBasedCompensationDisclosureTableTableTextBlock
Namespace Prefix:	arow_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the details pertaining to each employee stock ownership plan.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109244661&loc=d3e17540-113929

+ Details

Name:	us-gaap_ScheduleOfEmployeeStockOwnershipPlanESOPDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ 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
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration