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Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Assumptions Used to Determine Grant-Date Fair Value of Options

		2022				2021				2020
Dividend yield			1.27	%			1.17	%			1.15	%
Expected life			5 years				5 years				5 years
Volatility			39.8	%			40.2	%			27.4	%
Risk free interest rate			2.90	%			0.45	%			1.10	%

Stock Options Plan [Member]

Summary of Transactions of Company's Stock Option Plans

The following tables summarizes the transactions of the Company’s share-based compensation plans for the year ended December 31, 2022.

		Number of shares				Weighted Average Grant-Date Fair Value
Nonvested at December 31, 2021			680,711			$	74.6
Granted			332,009			$	60.2
Vested			(178,886	)		$	72.7
Forfeited			(76,794	)		$	71.2
Nonvested at December 31, 2022			757,040			$	69.0

		Number of shares				Weighted Average Exercise price
Outstanding at December 31, 2021			813,971			$	8.0
Granted			332,009			$	40.9
Exercised			(203,788	)		$	12.4
Forfeited			(77,674	)		$	2.1
Outstanding at December 31, 2022			864,518			$	20.1
Exercisable at December 31, 2022			107,478			$	12.6

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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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

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