XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.19.1

CAPITAL STOCK (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Cash Dividends Declared | Dividends were declared in 2018 and 2017 as follows:
Dividend per share |  | Date declared |  |  | Date of record |  |  | Payment date
$0.0425 |  | March 8, 2017 |  |  | May 1, 2017 |  |  | May 15, 2017
$0.0425 |  | June 22, 2017 |  |  | August 1, 2017 |  |  | August 15, 2017
$0.0425 |  | August 4, 2017 |  |  | November 1, 2017 |  |  | November 15, 2017
$0.0425 |  | November 7, 2017 |  |  | February 1, 2018 |  |  | February 15, 2018
$0.0425 |  | March 8, 2018 |  |  | May 1, 2018 |  |  | May 15, 2018
$0.0425 |  | June 28, 2018 |  |  | August 1, 2018 |  |  | August 15, 2018
$0.0425 |  | July 31, 2018 |  |  | November 1, 2018 |  |  | November 15, 2018
$0.0425 |  | November 7, 2018 |  |  | February 1, 2019 |  |  | February 15, 2019
Summary of Stock Option Activity and Related Information | A summary of the Company’s stock option activity and related information for the three years ended December 31, 2018, is as follows:
|  | Options |  |  | Weighted- average exercise price |  |  | Weighted- average remaining contractual life (years) |  |  | Aggregate intrinsic value |
Options outstanding at December 31, 2015 |  |  | 2,242,202 |  |  | $ | 14.28 |  |  |  |  |  |  |  |  |
Grants |  |  | 66,850 |  |  |  | 15.44 |  |  |  |  |  |  |  |  |
Exercises |  |  | (272,325 | ) |  |  | 9.01 |  |  |  |  |  |  |  |  |
Cancellations |  |  | (30,750 | ) |  |  | 15.39 |  |  |  |  |  |  |  |  |
Expirations |  |  | (230,577 | ) |  |  | 27.16 |  |  |  |  |  |  |  |  |
Options outstanding at December 31, 2016 |  |  | 1,775,400 |  |  |  | 13.44 |  |  |  |  |  |  |  |  |
Grants |  |  | 125,750 |  |  |  | 17.38 |  |  |  |  |  |  |  |  |
Exercises |  |  | (300,000 | ) |  |  | 11.34 |  |  |  |  |  |  |  |  |
Cancellations |  |  | (45,700 | ) |  |  | 16.40 |  |  |  |  |  |  |  |  |
Expirations |  |  | (99,250 | ) |  |  | 20.40 |  |  |  |  |  |  |  |  |
Options outstanding at December 31, 2017 |  |  | 1,456,200 |  |  |  | 13.64 |  |  |  |  |  |  |  |  |
Grants |  |  | 205,750 |  |  |  | 13.56 |  |  |  |  |  |  |  |  |
Exercises |  |  | (58,000 | ) |  |  | 4.93 |  |  |  |  |  |  |  |  |
Cancellations |  |  | (22,375 | ) |  |  | 16.95 |  |  |  |  |  |  |  |  |
Expirations |  |  | (32,750 | ) |  |  | 15.50 |  |  |  |  |  |  |  |  |
Options outstanding at December 31, 2018 |  |  | 1,548,825 |  |  |  | 13.87 |  |  |  | 4.2 |  |  | $ | 450,500 |
Options exercisable at December 31, 2018 |  |  | 1,279,825 |  |  | $ | 13.76 |  |  |  | 3.2 |  |  | $ | 450,500 |
Fair Value Stock Options at Grant Date using Weighted Average Assumption | The fair values for these stock options were estimated at the dates of grant using the following weighted-average assumptions:
|  | 2018 |  |  | 2017 |  |  | 2016 |
Historical volatility |  |  | 34 | % |  |  | 39 | % |  |  | 39 | %
Expected term (years) |  |  | 6.0 |  |  |  | 6.0 |  |  |  | 6.0 |
Risk-free interest rate |  |  | 2.72 | % |  |  | 1.97 | % |  |  | 1.37 | %
Expected dividend yield |  |  | 1.22 | % |  |  | 0.98 | % |  |  | 1.10 | %
Summary of Restricted Stock Activity | A summary of the Company’s restricted stock activity and related information for the three years ended December 31, 2018 is as follows:
|  | Restricted Shares |  |  | Weighted- average grant date fair value |
Non-vested restricted shares, December 31, 2015 |  |  | 101,435 |  |  | $ | 14.77 |
Grants |  |  | 109,170 |  |  |  | 15.64 |
Vested |  |  | (46,306 | ) |  |  | 14.79 |
Cancellations |  |  | (2,475 | ) |  |  | 14.93 |
Non-vested restricted shares, December 31, 2016 |  |  | 161,824 |  |  |  | 15.35 |
Grants |  |  | 133,352 |  |  |  | 18.32 |
Vested |  |  | (69,795 | ) |  |  | 15.39 |
Cancellations |  |  | (6,064 | ) |  |  | 16.07 |
Non-vested restricted shares, December 31, 2017 |  |  | 219,317 |  |  |  | 17.12 |
Grants |  |  | 223,884 |  |  |  | 13.25 |
Vested |  |  | (90,926 | ) |  |  | 17.14 |
Cancellations |  |  | (25,730 | ) |  |  | 14.96 |
Non-vested restricted shares, December 31, 2018 |  |  | 326,545 |  |  | $ | 14.63 |
Total unrecognized compensation expense remaining |  | $ | 3,482,300 |  |  |  |  |
Weighted-average years expected to be recognized over |  |  | 1.6 |  |  |  |  |
Summary of Performance-based Award Activity | A summary of the Company’s performance-based award activity and related information for the three years ended December 31, 2018 is as follows:
|  | Performance - based ‎ awards (1) |  |  | Weighted- average grant date fair value |
Non-vested performance -based awards, December 31, 2015 |  |  | 66,150 |  |  | $ | 14.84 |
Grants |  |  | 82,000 |  |  |  | 15.69 |
Cancellations |  |  | (2,188 | ) |  |  | 14.94 |
Non-vested performance -based awards, December 31, 2016 |  |  | 145,962 |  |  |  | 15.32 |
Grants |  |  | 87,000 |  |  |  | 18.45 |
Cancellations |  |  | (4,070 | ) |  |  | 16.52 |
Non-vested performance -based awards, December 31, 2017 |  |  | 228,892 |  |  |  | 16.49 |
Grants |  |  | 182,300 |  |  |  | 12.81 |
Vested |  |  | (58,888 | ) |  |  | 14.84 |
Cancellations |  |  | (13,017 | ) |  |  | 15.95 |
Non-vested performance -based awards, December 31, 2018 |  |  | 339,287 |  |  | $ | 14.82 |
Total unrecognized compensation expense remaining |  | $ | 2,388,000 |  |  |  |  |
Weighted-average years expected to be recognized over |  |  | 1.7 |  |  |  |  |
(1) | Represents the target number of shares to be issued for each performance-based award.

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited 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=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=109197908&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=109197908&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=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + 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) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardUnvestedActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration