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Stock-Based Compensation Plans (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Schedule of Option Pricing Assumptions and Estimated Fair Value |
The following table presents the option pricing assumptions and the estimated fair value of the options using these assumptions for grants made for the years ended: | | | | | | | | | | | | | | December 31, | | 2014 | | 2013 | | 2012 | Weighted-average dividend yield | 2.90 | % | | 2.40 | % | | 2.20 | % | Weighted-average risk-free interest rate | 1.65 | % | | 1.60 | % | | 0.79 | % | Weighted-average expected volatility | 35.39 | % | | 52.32 | % | | 53.31 | % | Weighted-average expected life in years | 5.30 |
| | 5.30 |
| | 5.30 |
| Weighted-average fair value of options granted | $ | 8.92 |
| | $ | 15.97 |
| | $ | 13.00 |
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| Schedule of Stock Option Activity |
Stock option activity for the year ended December 31, 2014 is as follows: | | | | | | | | | | | | | | | | | Number of Shares | | Weighted-Average Exercise Price | | Weighted-Average Remaining Contractual Term | | Aggregate Intrinsic Value | Options outstanding at January 1, 2014 | | 111,950 |
| | $ | 33.36 |
| | | | | Granted | | 4,500 |
| | 35.22 |
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| Exercised | | (19,000 | ) | | 32.58 |
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| Forfeited and expired | | (3,200 | ) | | 38.32 |
| | | | | Options outstanding at December 31, 2014 | | 94,250 |
| | $ | 33.44 |
| | 4.5 | | $ | 664 |
| Options exercisable at December 31, 2014 | | 73,150 |
| | $ | 33.21 |
| | 3.8 | | $ | 545 |
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| Summary of Nonvested Stock Options |
A summary of the status of the Company’s nonvested stock options as of December 31, 2014 and changes during the year then ended is presented below: | | | | | | | | | Awards | | Weighted-Average Grant Date Fair Value | Nonvested at January 1, 2014 | 34,950 |
| | $ | 11.23 |
| Granted | 4,500 |
| | 8.92 |
| Vested | (17,000 | ) | | 9.88 |
| Forfeited | (1,350 | ) | | 12.05 |
| Nonvested at December 31, 2014 | 21,100 |
| | $ | 11.77 |
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| Summary of Activity Related to Restricted Stock Awards and Stock Purchase Grants |
The following table presents a summary of the activity related to restricted stock units, restricted stock awards and the MSPP for the period indicated: | | | | | | | | | | | | | | | | | | | | | | | Restricted Stock Units | | Restricted Stock | | MSPP | | Number of Units | | Weighted-Average Grant Date Fair Value | | Number of Shares | | Weighted-Average Grant Date Fair Value | | Number of Shares | | Weighted-Average Grant Date Fair Value | Nonvested at January 1, 2014 | — |
| | $ | — |
| | 10,480 |
| | $ | 34.53 |
| | 14,220 |
| | $ | 11.14 |
| Granted | 1,055 |
| | 37.50 |
| | 7,176 |
| | 39.06 |
| | 5,055 |
| | 12.35 |
| Vested | (1,055 | ) | | 37.50 |
| | (6,183 | ) | | 35.47 |
| | (6,923 | ) | | 10.55 |
| Forfeited | — |
| | — |
| | (516 | ) | | 34.57 |
| | (247 | ) | | 11.43 |
| Nonvested at December 31, 2014 | — |
| | $ | — |
| | 10,957 |
| | $ | 36.96 |
| | 12,105 |
| | $ | 11.97 |
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| Summary of Activity Related to Long-term Performance Share Plan |
The following table presents a summary of the activity related to LTIP for the period indicated: | | | | | | | | | Number of Shares | | Weighted-Average Grant Date Fair Value | Nonvested at January 1, 2014 | 44,792 |
| | $ | 35.78 |
| Granted | 20,613 |
| | 41.18 |
| Vested | — |
| | — |
| Forfeited | (22,627 | ) | | 34.77 |
| Nonvested at December 31, 2014 | 42,778 |
| | $ | 38.92 |
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| Restricted Stock Awards and Management Stock Purchase Plan [Member] |
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Schedule of Compensation Expense |
Compensation expense recognized in connection with the restricted stock units, restricted stock awards, and MSPP is presented in the following table: | | | | | | | | | | | | | | For The Years Ended December 31, | | 2014 | | 2013 | | 2012 | Restricted stock units | $ | 40 |
| | $ | — |
| | $ | — |
| Restricted stock awards | 214 |
| | 149 |
| | 163 |
| MSPP grants | 67 |
| | 73 |
| | 65 |
| Total compensation expense | $ | 321 |
| | $ | 222 |
| | $ | 228 |
| Related income tax benefit | $ | 112 |
| | $ | 78 |
| | $ | 80 |
| Fair value of grants vested | $ | 332 |
| | $ | 229 |
| | $ | 121 |
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| Long-Term Performance Share Plan [Member] |
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Schedule of Compensation Expense |
Compensation expense recognized in connection with the LTIP is presented in the following table: | | | | | | | | | | | | | | For The Years Ended December 31, | | 2014 | | 2013 | | 2012 | Compensation expense | $ | 151 |
| | $ | 200 |
| | $ | 174 |
| Related income tax benefit | $ | 53 |
| | $ | 70 |
| | $ | 61 |
| Fair value of grants vested | $ | — |
| | $ | 497 |
| | $ | 609 |
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