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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

Pay Versus Performance

 

The following table illustrates certain information about executive compensation for the Company’s Principal Executive Officer (“PEO”) and other named executive officers (NEOs) as well as certain performance measures against which compensation information can be compared. This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K of the Exchange Act and does not necessarily reflect value actually realized by our NEOs or how our Compensation Committee evaluates compensation decisions in light of Company or individual performance. Please refer to the “Compensation Discussion and Analysis” for a discussion of our executive compensation program, its objectives, and the ways in which we align executive compensation with Company performance.

 

 

  

 

    

 

    

 

    

 

    

Value of initial fixed $100 investment based on:

    

 

    

 

  
Year     Summary
compensation
table total for PEO 		        Compensation
actually paid
to PEO		        Average
summary
compensation
table total for
non-PEO named
executive
officers		        Average
compensation
actually paid
to non-PEO named
executive
officers		    

Total
shareholder
return

    

Peer group
total
shareholder return

        Net income        Adjusted Operating Income (1)  

2022

   $ 4,300,557     $ 7,537,092     $ 1,019,628     $ 1,818,787     $ 237.60     $ 92.94     $ 41,789,243     $ 45,862,786  

2021

   $ 2,619,501     $ 4,461,268     $ 712,181     $ 1,183,984     $ 141.62     $ 106.69     $ 15,885,720     $ 21,364,112  

2020

   $ 1,665,380     $ 2,056,464     $ 460,442     $ 557,268     $ 93.93     $ 99.30     $ 13,368,880     $ 16,731,467  

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(1)         Adjusted Operating Income is operating income as adjusted to disregard (i) non‑recurring restructuring charges related to plant closings and consolidations and (ii) the impact of acquired or disposed of operations.

    
PEO Total Compensation Amount $ 4,300,557 $ 2,619,501 $ 1,665,380
PEO Actually Paid Compensation Amount 7,537,092 4,461,268 2,056,464
Non-PEO NEO Average Total Compensation Amount 1,019,628 712,181 460,442
Non-PEO NEO Average Compensation Actually Paid Amount 1,818,787 1,183,984 557,268
Total Shareholder Return Amount 237.60 141.62 93.93
Peer Group Total Shareholder Return Amount 92.94 106.69 99.30
Net Income (Loss) $ 41,789,243 $ 15,885,720 $ 13,368,880
Company Selected Measure Amount 45,862,786 21,364,112 16,731,467