XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 14 - Stock-based Compensation | 9 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Share-Based Payment Arrangement [Text Block] | Note 14 – Stock–Based Compensation NHC recognizes stock–based compensation expense for all stock options granted over the requisite service period using the fair value at the date of grant using the Black–Scholes pricing model. Stock–based compensation totaled $1,093,000 and $708,000 for the three months ended September 30, 2024 and 2023, respectively. Stock-based compensation totaled $3,062,000 and $2,119,000 for the nine months ended September 30, 2024 and 2023, respectively. Stock–based compensation is included in “Salaries, wages and benefits” in the interim condensed consolidated statements of operations. At September 30, 2024, the Company had $5,752,000 of unrecognized compensation cost related to unvested stock–based compensation awards. This unrecognized compensation cost will be amortized over an approximate two-year period. Stock Options The following table summarizes the significant assumptions used to value the options granted for the nine months ended September 30, 2024 and for the year ended December 31, 2023.
|  | September 30, 2024 |  |  | December 31, 2023 |
Risk–free interest rate |  |  | 4.40% |  |  |  | 4.52% |
Expected volatility |  |  | 24.1% |  |  |  | 29.3% |
Expected life, in years |  |  | 2.9 |  |  |  | 2.9 |
Expected dividend yield |  |  | 2.63% |  |  |  | 4.41% |
The following table summarizes our outstanding stock options for the nine months ended September 30, 2024 and for the year ended December 31, 2023.
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Aggregate Intrinsic Value |
Options outstanding at January 1, 2023 |  |  | 445,144 |  |  | $ | 66.62 |  |  | $ | – |
Options granted |  |  | 299,278 |  |  |  | 54.44 |  |  |  | – |
Options exercised |  |  | (103,481 | ) |  |  | 64.72 |  |  |  | – |
Options cancelled |  |  | (52,407 | ) |  |  | 60.58 |  |  |  | – |
Options outstanding at December 31, 2023 |  |  | 588,534 |  |  |  | 61.30 |  |  |  | – |
Options granted |  |  | 298,097 |  |  |  | 94.42 |  |  |  | – |
Options exercised |  |  | (211,040 | ) |  |  | 63.75 |  |  |  | – |
Options cancelled |  |  | (33,202 | ) |  |  | 79.34 |  |  |  | – |
Options outstanding at September 30, 2024 |  |  | 642,389 |  |  |  | 74.93 |  |  | $ | 32,658,000 |
Options exercisable at September 30, 2024 |  |  | 153,439 |  |  |  | 63.87 |  |  | $ | 9,498,000 |
Options Outstanding September 30, 2024 |  |  | Exercise Prices |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life in Years |
331,037 |  |  |  | 53.94 | - | 69.19 |  |  |  | 58.88 |  |  |  | 3.0 |
311,352 |  |  |  | 71.64 | - | 96.03 |  |  |  | 92.00 |  |  |  | 4.1 |
642,389 |  |  |  |  |  |  |  |  |  | 74.93 |  |  |  | 3.5 |

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration