XML 73 R56.htm IDEA: XBRL DOCUMENT v3.22.4
Note 19 - Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Share-based Compensation Arrangement by Share-based Payment Award Fair Value Assumptions and Methodology [Table Text Block]
   

2022

   

2021

   

2020

 
                         

Dividend yield

    2.38 %     2.52 %     2.51 %

Expected volatility

    25.43 %     25.19 %     20.87 %

Risk free interest rate

    1.98 %     1.22 %     1.25 %

Expected life of SARs (in years)

    7.1       7.1       7.1  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Year Ended December 31, 2022

 

(in thousands)

 

Stock

Appreciation

Rights

   

Restricted

Stock Awards

   

Restricted

Stock Units

   

Performance

Stock Units

   

Total

 
                                         

Expense

  $ 376     $ 1,373     $ 332     $ 2,313     $ 4,394  

Deferred tax benefit

    (79 )     (289 )     (70 )     (486 )     (924 )

Total net expense

  $ 297     $ 1,084     $ 262     $ 1,827     $ 3,470  
   

Year Ended December 31, 2021

 

(in thousands)

 

Stock

Appreciation

Rights

   

Restricted

Stock Awards

   

Restricted

Stock Units

   

Performance

Stock Units

   

Total

 
                                         

Expense

  $ 352     $ 1,288     $ 312     $ 2,613     $ 4,565  

Deferred tax benefit

    (74 )     (271 )     (66 )     (549 )     (960 )

Total net expense

  $ 278     $ 1,017     $ 246     $ 2,064     $ 3,605  
   

Year Ended December 31, 2020

 

(in thousands)

 

Stock

Appreciation

Rights

   

Restricted

Stock Awards

   

Restricted

Stock Units

   

Performance

Stock Units

   

Total

 
                                         

Expense

  $ 352     $ 1,346     $ 270     $ 1,294     $ 3,262  

Deferred tax benefit

    (74 )     (283 )     (57 )     (272 )     (686 )

Total net expense

  $ 278     $ 1,063     $ 213     $ 1,022     $ 2,576  
Share-Based Payment Arrangement, Nonvested Award, Cost [Table Text Block]

(in thousands)

Year Ended

 

Stock

Appreciation

Rights

   

Restricted

Stock Awards

   

Restricted

Stock Units

   

Performance

Stock Units

   

Total

 
                                         

2023

  $ 315     $ 1,181     $ 2     $ 1,555     $ 3,053  

2024

    209       959             854       2,022  

2025

    150       729                   879  

2026

    92       415                   507  

2027

    14       45                   59  

Total estimated expense

  $ 780     $ 3,329     $ 2     $ 2,409     $ 6,520  
Share-Based Payment Arrangement, Option and Stock Appreciation Rights, Activity [Table Text Block]
                                               

Weighted

 
                       

Weighted

           

Weighted

   

average

 
                       

average

   

Aggregate

   

average

   

remaining

 
           

Exercise

   

exercise

   

intrinsic

   

fair

   

contractual

 

(in thousands, except per share and years)

 

SARs

   

price

   

price

   

value(1)

   

value

   

life (in years)

 
                                                     

Outstanding, January 1, 2020

    641    

 

$14.02 - $40.00     $ 25.06     $ 10,250     $ 4.10       5.3  

Granted

    48       37.30 - 37.30       37.30       154       5.80          

Exercised

    (96 )     14.02 - 25.76       16.33       2,401       2.88          

Forfeited

                                         

Outstanding, December 31, 2020

    593    

 

$15.24 - $40.00     $ 27.47     $ 7,706     $ 4.44       5.1  
                                                     

Outstanding, January 1, 2021

    593    

 

$15.24 - $40.00     $ 27.47     $ 7,706     $ 4.44       5.1  

Granted

    30       47.17 - 50.71       50.48             9.69          

Exercised

    (108 )     15.24 - 19.37       16.40       4,239       2.85          

Forfeited

                                         

Outstanding, December 31, 2021

    515    

 

$15.24 - $50.71     $ 31.16     $ 16,854     $ 5.08       5.1  
                                                     

Outstanding, January 1, 2022

    515    

 

$15.24 - $50.71     $ 31.16     $ 16,854     $ 5.08       5.1  

Granted

    34       47.17 - 74.92       55.45             12.07          

Exercised

    (114 )     15.24 - 40.00       21.55       5,258       3.63          

Forfeited

                                         

Outstanding, December 31, 2022

    435    

 

$19.37 - $74.92     $ 35.60     $ 12,784     $ 6.02       5.1  
                                                     

Vested and exercisable

    307    

 

$19.37 - $50.71     $ 31.81     $ 10,181     $ 5.06       4.2  

Unvested

    128       35.90 - 74.92       44.69       2,603       8.32       5.9  

Outstanding, December 31, 2022

    435    

 

$19.37 - $74.92     $ 35.60     $ 12,784     $ 6.02       5.1  
                                                     

Vested in the current year

    54    

 

$15.24 - $50.71     $ 39.36     $ 1,384     $ 6.50          
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights, Award Expiration Period [Table Text Block]

(in thousands, except per share data)

                 

Expiration Year

 

SARs

Outstanding

   

SARs

Exercisable

   

Weighted Average

Exercise Price

 

2023

    -       -     $ -  

2024

    27       27       19.38  

2025

    39       39       23.02  

2026

    76       76       25.76  

2027

    40       40       40.00  

2028

    95       76       37.84  

2029

    47       26       37.06  

2030

    46       17       37.30  

2031

    31       6       50.48  

2032

    34             55.45  
      435       307     $ 35.60  
Schedule of Nonvested Share Activity [Table Text Block]
           

Weighted

 
           

average cost

 

(in thousands, except per share data)

 

RSAs

   

at grant date

 
                 

Unvested at January 1, 2020

    108     $ 34.31  

Shares awarded

    36       39.30  

Restrictions lapsed and shares vested

    (41 )     32.38  

Shares forfeited

    (4 )     36.63  

Unvested at December 31, 2020

    99     $ 36.85  
                 

Unvested at January 1, 2021

    99     $ 36.85  

Shares awarded

    39       46.90  

Restrictions lapsed and shares vested

    (34 )     35.48  

Shares forfeited

    (5 )     40.81  

Unvested at December 31, 2021

    99     $ 41.07  
                 

Unvested at January 1, 2022

    99     $ 41.07  

Shares awarded

    35       58.47  

Restrictions lapsed and shares vested

    (32 )     40.39  

Shares forfeited

    (6 )     47.49  

Unvested at December 31, 2022

    96     $ 47.26  
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

Grant

Year

 

Vesting

Period in

Years

   

Fair Value

   

Shares Expected

to be Awarded

 

2020

    3     $ 32.27       65,111  

2021

    3       44.44       47,280  

2022

    3       48.48       51,929  
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares to be Issued Upon Exercise and Remaining Shares Available for Future Issuance [Table Text Block]
  

Number of

      

Shares

 
  

shares to be

  

Weighted

  

available for

 
  

issued upon

  

average

  

future

 

Plan category (in thousands)

 

exercising/vesting

  

exercise price

  

issuance (a)

 
             

Equity compensation plans approved by security holders:

            
             

Stock Appreciation Rights

 

(b)

  

(b)

   282 

Restricted Stock Awards

  96   N/A  

(a)

 

Restricted Stock Units

  5   N/A  

(a)

 

Performance Stock Units

 

(c)

   N/A  

(a)

 

Total shares

  101       282