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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Income Tax Benefit Recognized for our Share-Based Compensation Arrangements | Compensation cost included in income from continuing operations, primarily selling, general and administrative expense, and the income tax benefit recognized for our share-based compensation arrangements is included below:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Total share-based compensation cost | $ | 23,454 |  |  | $ | 22,627 |  |  | $ | 17,405 |
Income tax benefit | 5,582 |  |  | 5,385 |  |  | 4,142 |
Schedule of Fair Values for SARs and Stock Options Estimated on Grant Date Using Black-Scholes-Merton Option-Pricing Formula Which Incorporates Assumptions |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In thousands, except weighted average fair value and assumptions)
Weighted-average fair value of SARs granted | $ | 21.85 |  |  | $ | 18.30 |  |  | $ | 18.29 |
Total intrinsic value of SARs exercised | 4,384 |  |  | 1,581 |  |  | 545 |
Tax benefit from SARs exercised | 678 |  |  | 327 |  |  | 26 |
Weighted-average fair value of restricted stock units granted | 61.61 |  |  | 51.76 |  |  | 41.75 |
Total fair value of restricted stock units vested | 16,830 |  |  | 12,623 |  |  | 6,600 |
Expected volatility | 43.00 | % |  | 45.34 | % |  | 37.55 | %
Expected term (in years) | 5.6 |  | 5.7 |  | 5.7
Risk-free rate | 1.89 | % |  | 0.70 | % |  | 1.44 | %
Dividend yield | 0.37 | % |  | 0.44 | % |  | 0.39 | %
Summary of Share Based Compensation Activity |
| SARs |  | Restricted Stock Units
| Number |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term |  | Aggregate Intrinsic Value |  | Number |  | Weighted- Average Grant-Date Fair Value
| (In thousands, except exercise prices, fair values, and contractual terms)
Outstanding at January 1, 2022 | 1,244 |  |  | $ | 63.18 |  |  | n/a |  | n/a |  | 964 |  |  | $ | 50.08 |
Granted | 165 |  |  | 53.83 |  |  | n/a |  | n/a |  | 395 |  |  | 61.61 |
Exercised or converted | (340) |  |  | 56.18 |  |  | n/a |  | n/a |  | (307) |  |  | 54.70 |
Forfeited or expired | (111) |  |  | 62.64 |  |  | n/a |  | n/a |  | (155) |  |  | 51.37 |
Outstanding at December 31, 2022 | 958 |  |  | $ | 64.13 |  |  | 4.8 |  | $ | 10,017 |  |  | 897 |  |  | $ | 54.59 |
Vested or expected to vest at December 31, 2022 | 282 |  |  | $ | 50.19 |  |  | 8.5 |  | $ | 6,132 |  |  |  |  |
Exercisable or convertible at December 31, 2022 | 676 |  |  | $ | 69.95 |  |  | 3.3 |  | $ | 3,885 |  |  |  |  |

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- Definition 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. + 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 (e) -URI https://asc.fasb.org/extlink&oid=128089324&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 (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&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 (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- 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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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