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Equity (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Arrangement, Cost by Plan

The Company recognized the following share-based compensation expense in its Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022:

			2024						2023						2022
Stock options			$	215					$	1,039					$	1,774
Non-vested stock awards and restricted stock units			9,996						9,305						6,679
Director stock ownership plan			138						86						63
Performance stock units			4,642						4,175						3,150
Before-tax share-based compensation expense			$	14,991					$	14,605					$	11,666
Income tax benefit			(2,222)						(2,742)						(2,007)
After-tax share-based compensation expense			$	12,769					$	11,863					$	9,659

Schedule of Share-based Payment Arrangement, Option, Activity

Stock option activity under all plans is as follows:

			Number of Options						Weighted Average Exercise Price (per option)						Weighted Average Remaining Contractual Term (years)						Aggregate Intrinsic Value
Options outstanding as of January 1, 2024			62,853						$	214.40
Options exercised			2,263						145.95
Options forfeited			1,978						152.65
Options outstanding as of December 31, 2024			58,612						$	219.13					3.3						$	—
Options expected to vest after December 31, 2024			7,033						$	178.29					4.2						$	—
Options exercisable as of December 31, 2024			51,579						$	194.91					3.1						$	—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company used a Black-Scholes option pricing model to determine the fair value of stock option awards and used the assumptions set forth in the table below:

			July 2022 Grant						March 2022 Grant
Number of stock options granted			4,837						27,077
Dividend yield			0.79		%				0.80		%
Expected volatility			40.47		%				38.60		%
Risk-free interest rate			2.87		%				2.07		%
Expected term (years)			4.0						4.0

Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Activity of restricted stock awards granted under the Company’s LTIP plan is shown below:

			Number of Shares						Weighted Average Grant Date Fair Value (per share)
Non-vested restricted stock awards, December 31, 2023			77,757						$	187.24
Granted			872						200.48
Vested			41,555						197.32
Forfeited			7,323						172.65
Non-vested restricted stock awards, December 31, 2024			29,751						$	177.12

Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity

Activity of restricted stock units granted under the Company’s LTIP plan is shown below:

			Number of Units						Weighted Average Grant Date Fair Value (per unit)
Non-vested restricted stock units, December 31, 2023			16,202						$	180.14
Granted			71,866						187.74
Vested			10,267						192.13
Forfeited			9,171						195.22
Non-vested restricted stock units, December 31, 2024			68,630						$	182.90

Schedule of Share-Based Payment Award, Restricted Stock Unit, Valuation Assumptions

The fair value of RSUs subject to a performance modifier is valued using a Monte Carlo simulation on the grant date and used the following assumptions set below:

			December 2024 Grant
Risk-free interest rate			4.21		%
Dividend yield			0.00%
Expected term (years)			3.0

Schedule of Activity of Non-Vested Performance Stock Units

Activity of performance stock units granted under the Company’s LTIP plan is shown below:

			Number of Units						Weighted Average Grant Date Fair Value (per unit)
Non-vested performance stock units, December 31, 2023			51,491						$	212.85
Granted			42,485						217.12
Vested			—						—
Forfeited			38,283						212.26
Non-vested performance stock units, December 31, 2024			55,693						$	216.51

Schedule of Monte Carlo option pricing model and the assumptions

The grant-date fair value of the PSUs valued using a Monte Carlo simulation included the following assumptions set forth in the table below:

						March 2024 Grant						March 2023 Grant						March 2022 Grant
Risk-free interest rate						4.55		%				3.85		%				2.11		%
Dividend yield						0.91		%				0.96		%				0.93		%
Expected term (years)						3.0						3.0						3.0

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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