Annual report pursuant to Section 13 and 15(d)

Stock Compensation (Tables)

v3.7.0.1
Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Stock Compensation [Abstract]  
Schedule Of Changes In Number Of Outstanding Stock Options Under Director Plan, Stock Plan And 2011 Incentive Plan



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

Weighted average

 

Weighted average



 

 

exercise price

 

remaining



Options

 

per share

 

contractual term

Outstanding – December 31, 2013

309,439 

 

$

 

11.66 

 

4.13 years

Awarded

317,722 

 

 

 

12.30 

 

 

Exercised

(12,000)

 

 

 

8.28 

 

 

Forfeited

(74,757)

 

 

 

13.20 

 

 

Outstanding – December 31, 2014

540,404 

 

$

 

11.90 

 

5.13 years

Awarded

248,258 

 

 

 

11.31 

 

 

Exercised

(12,000)

 

 

 

10.21 

 

 

Forfeited

(54,738)

 

 

 

12.21 

 

 

Outstanding – December 31, 2015

721,924 

 

$

 

11.70 

 

4.89 years

Awarded

325,968 

 

 

 

6.66 

 

 

Exercised

 -

 

 

 

 -

 

 

Forfeited

(124,962)

 

 

 

10.39 

 

 

Outstanding – December 31, 2016

922,930 

 

 

 

10.10 

 

4.9 years



 

 

 

 

 

 

 

Exercisable at December 31, 2016

501,599 

 

$

 

11.30 

 

4.18 years

Expected to vest December 31, 2016

922,930 

 

 

 

10.10 

 

4.9 years



Valuation Assumptions Of Stock Option Plan



 

 

 

 

 



 

 

 

 

 



Year Ended December 31



2016

 

2015

 

2014

Expected volatility

29.5% 

 

30.7% 

 

31.4% 

Risk free interest rate

1.5% 

 

1.6% 

 

2.7% 

Expected holding period

6 years

 

6 years

 

6 years

Dividend yield

9.1% 

 

5.7% 

 

5.2% 



Summary Of The Status Of Stock Options Outstanding



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

 

Weighted Average

 

Weighted



 

 

 

Remaining

 

Average

Range of Exercise Prices

 

Shares

 

Option Life

 

Exercise Price

$5.50 to $7.99

 

289,200 

 

6.3 years

 

 

6.61 

$8.00 to $9.99

 

18,000 

 

2.4 years

 

 

9.73 

$10.00 to $12.00

 

466,824 

 

4.5 years

 

 

11.32 

$12.01 to $14.50

 

148,906 

 

3.7 years

 

 

13.07 



Schedule Of Changes In The Number Of Deferred Stock Shares Under The Stock Plan And Incentive Plan



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

Weighted Average



 

 

 

 

Grant Date



 

 

Shares

 

Fair Value

Outstanding – December 31, 2013

 

 

200,140 

 

$

11.47 

Granted

 

 

48,824 

 

 

12.52 

Vested

 

 

(16,754)

 

 

13.81 

Forfeited

 

 

(70,896)

 

 

13.02 

Outstanding – December 31, 2014

 

 

161,314 

 

 

10.87 

Granted

 

 

103,017 

 

 

11.52 

Vested

 

 

(18,940)

 

 

12.37 

Forfeited

 

 

(118,964)

 

 

10.27 

Outstanding – December 31, 2015

 

 

126,427 

 

 

11.73 

Granted

 

 

102,161 

 

 

7.28 

Vested

 

 

(23,095)

 

 

11.36 

Forfeited

 

 

(56,233)

 

 

9.60 

Outstanding – December 31, 2016

 

 

149,260 

 

 

9.55 



Schedule Of Changes In Restricted Stock Units Outstanding



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

Weighted Average



 

 

 

 

Grant Date



 

 

Shares

 

Fair Value

Outstanding – December 31, 2013

 

 

53,193 

 

$

10.44 

Granted

 

 

13,973 

 

 

11.98 

Vested

 

 

(28,015)

 

 

10.89 

Forfeited

 

 

 -

 

 

 -

Outstanding – December 31, 2014

 

 

39,151 

 

 

10.67 

Granted

 

 

20,979 

 

 

11.06 

Vested

 

 

(27,314)

 

 

10.08 

Forfeited

 

 

 -

 

 

 -

Outstanding – December 31, 2015

 

 

32,816 

 

 

11.41 

Granted

 

 

13,793 

 

 

6.33 

Vested

 

 

(19,023)

 

 

10.90 

Forfeited

 

 

(452)

 

 

11.05 

Outstanding – December 31, 2016

 

 

27,134 

 

 

8.65