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Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The Company calculated the fair value for options with the following weighted-average assumptions for 2023, 2022, and 2021:
Fair Value Calculation Assumptions for Stock Compensation
|  | December 31,
|  | 2023 |  | 2022 |  | 2021
Risk-free interest rate |  | 4.05 | % |  | 1.93 | % |  | 1.25 | %
Dividend yield |  | 0.5 | % |  | 0.5 | % |  | 0.4 | %
Volatility factors |  | 32.1 | % |  | 33.2 | % |  | 33.9 | %
Weighted-average expected life |  | 8.0 years |  | 8.0 years |  | 8.0 years

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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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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