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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Valuation Assumptions | The following table illustrates the valuation assumptions used for the 2023 and 2022 stock option grants:
| 2023 |  | 2022
Expected volatility | 35 | % |  | 34 - 34%
Weighted-average expected volatility | 35 | % |  | 34 | %
Expected dividend yield | 1.6 | % |  | 1.2 - 1.2%
Weighted-average expected dividend yield | 1.6 | % |  | 1.2 | %
Expected term, in years | 5 |  | 5
Risk-free interest rate | 4.2 - 4.2% |  | 1.9 - 1.9%
Schedule of Activity for Stock Option Awards | The following table summarizes the activity during the year ended December 31, 2024 for stock option awards:
| Shares |  | Weighted-Average Exercise Price
Outstanding at beginning of year | 642,431 |  | $ | 70.43 |
Granted | — |  | — |
Exercised | (340,027) |  | 68.88 |
Forfeited | — |  | — |
Expired | — |  | — |
Outstanding at end of year | 302,404 |  | $ | 72.18 |
Exercisable at end of year | 247,575 |  | $ | 71.59 |
Schedule of Activity for Nonvested Restricted Share Awards | The following table summarizes the activity during the year ended December 31, 2024 for nonvested restricted share awards:
| Shares |  | Weighted-Average Grant Date Fair Value
Nonvested at beginning of year | 84,966 |  | $ | 63.48 |
Granted | 28,753 |  | 110.16 |
Vested | (27,514) |  | 59.92 |
Forfeited | — |  | — |
Nonvested at end of year | 86,205 |  | $ | 80.18 |
Schedule of Activity for Nonvested Performance Share Awards | The following table summarizes the activity during the year ended December 31, 2024 for nonvested performance share awards:
| Shares |  | Weighted-Average Grant Date Fair Value
Nonvested at beginning of year | 153,148 |  | $ | 76.44 |
Granted | 50,846 |  | 108.97 |
Vested | (51,712) |  | 79.30 |
Forfeited | (2,665) |  | 107.73 |
Nonvested at end of year | 149,617 |  | $ | 85.94 |
Schedule of Activity for Nonvested Restricted Stock Units | The following table summarizes the activity during the year ended December 31, 2024 for nonvested restricted stock units:
| Shares |  | Weighted-Average Grant Date Fair Value
Nonvested at beginning of year | 129,219 |  | $ | 73.89 |
Granted | 52,357 |  | 106.54 |
Vested | (30,443) |  | 73.30 |
Forfeited | (18,990) |  | 86.99 |
Nonvested at end of year | 132,143 |  | $ | 85.08 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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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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