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Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock Options, Valuation Assumptions

The weighted-average fair value of options granted and the weighted-average assumptions used in the Black-Scholes-Merton option pricing model for such grants were as follows:

			2021			2020			2019
Dividend Yield			—		%	0.4		%	0.3		%
Expected Volatility			44.0		%	39.4		%	36.5		%
Risk-free Interest Rate			0.6		%	0.9		%	2.5		%
Expected Term (in years)			4.4			5.3			5.3
Weighted-average Fair Value of Stock Options Granted			$	17.26		$	13.48		$	19.59

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2021:

			Options Outstanding																		Options Exercisable
Range of Exercise Prices			Number Outstanding December 31, 2021						Weighted Average Remaining Contractual Life (in Years)						Weighted Average Exercise Price						Number Exercisable December 31, 2021						Weighted Average Exercise Price
$20.00-30.00			192,633						4.16						$	24.14					192,633						$	24.14
30.01-40.00			133,002						7.61						36.33						41,143						36.09
40.01-50.00			346,931						7.35						46.87						168,147						46.18
50.01-60.00			5,304						9.35						53.55						—						—
20.00-60.00			677,870						6.51						38.40						401,923						34.59

Summary of Stock Option Activity

The table below summarizes option activity for the year ended December 31, 2021:

			Options (In Thousands)						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term (in Years)						Aggregate Intrinsic Value (in Thousands)						Weighted Average Fair Value
Outstanding at January 1, 2021			723						$	37.45
Granted			150						47.17
Forfeited/Expired			(115)						43.58
Exercised			(80)						38.81
Outstanding at December 31, 2021			678						38.40						6.5						$	5,359					$	13.41
Expected to Vest			268						43.89						8.6						790						15.85
Exercisable at December 31, 2021			402						34.59						5.4						4,562						11.71

Summary of Restricted Stock Activity

The following table summarizes information about restricted stock activity during 2021:

			Restricted Stock (In Thousands)			Weighted Average Fair Value
Non-vested at January 1, 2021			460			$	37.49
Granted			521			44.44
Forfeited			(86)			49.20
Vested			(169)			43.31
Non-vested at December 31, 2021			726			43.13

Summary of Performance Share Units

The following table summarizes information about performance share unit activity during 2021:

			Performance Share Units (In Thousands)						Weighted Average Fair Value
Non-vested at January 1, 2021			296						$	39.85
Granted			585						48.58
Forfeited/Unearned			(47)						42.21
Vested			(154)						43.03
Non-vested at December 31, 2021			680						47.27

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