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Stock-based compensation and Shareholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Status of Awards Under Stock-Based Compensation Plans and Agreements

A summary of the status of the Company’s stock-settled awards, including base shares for stock-settled stock appreciation rights (SSARs) and stock-settled stock unit awards is as follows:

			Year ended December 31, 2023
			Stock appreciation rights																		Stock units
			Awards						Weighted average exercise price						Weighted average remaining contractual life						Awards						Weighted average remaining contractual life
Outstanding at beginning of year			5,390						$	66.00											3,072
Granted			—																		1,383
Added by performance factor																					66
Exercised/Vested			(1,872)						$	63.75											(1,067)
Canceled			(47)						$	52.41											(231)
Outstanding at end of period			3,471						$	67.40					0.91						3,223						2.21
Exercisable at end of period			3,076						$	63.42					0.75						—						—
Weighted-average fair value of grants:
2023																					$	77.61
2022			$	35.13																	$	107.60
2021			$	32.15																	$	109.50

Summary of Range of Exercise Prices

						Awards Outstanding						Weighted average exercise price						Awards exercisable						Weighted average exercise price
Range of SSARs base prices
$50.01–$60.00						945						$	52.41					945						$	52.41
$60.01–$70.00						2,000						$	67.80					2,000						$	67.80
$70.01–$80.00						264						$	75.95					131						$	75.95
$100.01–$110.00						132						$	108.93
$110.01–$120.00						130						$	110.63
Total						3,471						$	67.40					3,076						$	63.42

Summary of Weighted Average Valuation Inputs

A summary of the weighted average valuation inputs described above used for estimating the grant-date fair value of SSAR awards granted in the periods indicated is as follows:

			2022						2021
Expected term			4.5						4.5
Expected volatility			34.3		%				34.3		%
Expected dividend yield			—		%				—		%
Risk-free interest rate			2.1		%				0.7		%

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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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.

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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.

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