Annual report pursuant to Section 13 and 15(d)

Benefit Plans (Tables)

v3.10.0.1
Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Fair value of options granted
The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees and members of our board of directors:
 
For the Years Ended December 31,
 
2018
 
2017
 
2016
Risk-free interest rate
2.7%
 
1.8%
 
1.1%
Expected life of options — years
4.38
 
4.59
 
4.25
Expected stock price volatility
23%
 
24%
 
22%
Expected dividend yield
0.7%
 
0.7%
 
0.0%
Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the years ended December 31, 2018, 2017 and 2016:
 
Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding at the beginning of January 1, 2016
338,481

 
$
3.29

 
 
 
 
Granted
55,222

 
$
4.14

 
 
 
 
Exercised
(50,728
)
 
$
2.66

 
 
 
 
Forfeited, cancelled or expired
(10,327
)
 
$
4.30

 
 
 
 
Outstanding as of December 31, 2016
332,648

 
$
3.50

 
 
 
 
Granted
27,339

 
$
5.49

 
 
 
 
Exercised
(73,296
)
 
$
3.21

 
 
 
 
Forfeited, cancelled or expired
(6,234
)
 
$
4.07

 
 
 
 
Outstanding as of December 31, 2017
280,457

 
$
3.76

 
 
 
 
Granted
31,704

 
$
6.59

 
 
 
 
Exercised
(64,631
)
 
$
3.35

 
 
 
 
Forfeited, cancelled or expired
(4,128
)
 
$
4.76

 
 
 
 
Outstanding as of December 31, 2018
243,402

 
$
4.22

 
6.32
 
$
391,868

Exercisable as of December 31, 2018
143,804

 
$
3.60

 
5.40
 
$
303,266

Summary of restricted stock unit and stock award activity
The following table summarizes the restricted stock unit, including PRSU, activity under our share-based plans for the years ended December 31, 2018, 2017 and 2016:
 
Shares
 
Grant Date
Fair Value
Per Share
Nonvested at the beginning of January 1, 2016
16,088

 
$
3.73

Granted
18,523

 
$
4.21

Vested
(4,212
)
 
$
3.68

Forfeited
(506
)
 
$
3.75

Nonvested as of December 31, 2016
29,893

 
$
4.03

Granted
11,721

 
$
5.35

Vested
(8,842
)
 
$
3.92

Forfeited
(1,449
)
 
$
4.42

Nonvested as of December 31, 2017
31,323

 
$
4.54

Granted
17,475

 
$
6.40

Vested
(12,775
)
 
$
4.43

Forfeited
(1,415
)
 
$
4.99

Nonvested as of December 31, 2018
34,608

 
$
5.50