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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of Compensation Expense | The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to stock-based compensation plans:
|  | Three months ended |  |  | Six months ended |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Service-based RSUs |  | $ | 765 |  |  | $ | 691 |  |  | $ | 1,535 |  |  | $ | 1,368 |
Performance-based RSUs |  |  | 723 |  |  |  | 820 |  |  |  | 1,357 |  |  |  | 2,041 |
Cash-settled RSUs |  |  | 161 |  |  |  | 105 |  |  |  | 343 |  |  |  | 157 |
Total |  | $ | 1,649 |  |  | $ | 1,616 |  |  | $ | 3,235 |  |  | $ | 3,566 |
Income tax benefit |  |  | 379 |  |  |  | 372 |  |  |  | 744 |  |  |  | 820 |
Net expense |  | $ | 1,270 |  |  | $ | 1,244 |  |  | $ | 2,491 |  |  | $ | 2,746 |
Summary of Unrecognized Compensation Expense related to Non-Vested RSUs | The following table summarizes the unrecognized compensation expense related to non-vested RSUs by type and the weighted-average period in which the expense is to be recognized:
|  | Unrecognized |  |  |  |
|  | Compensation |  |  | Weighted- |
|  | Expense at |  |  | Average |
|  | June 30, 2023 |  |  | Period (years) |
Service-based RSUs |  | $ | 2,993 |  |  |  | 1.47 |
Performance-based RSUs |  |  | 5,252 |  |  |  | 1.88 |
Total |  | $ | 8,245 |  |  |  | 1.73 |
Summary of Status of Plans | The following table summarizes the status of these plans as of June 30, 2023:
|  | 2018 Plan |  |  | 2014 Plan |  |  | 2009 Plan |  |  | 2004 Plan |  |  | Directors' Plan |
Awards originally available |  |  | 2,500,000 |  |  |  | 1,500,000 |  |  |  | 3,400,000 |  |  |  | 6,500,000 |  |  | N/A |
Maximum potential awards outstanding |  |  | 787,638 |  |  |  | 35,100 |  |  |  | 30,000 |  |  |  | 14,545 |  |  |  | 4,722 |
RSUs and cash-settled awards vested and released |  |  | 441,812 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Awards available for grant |  |  | 1,270,550 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Summary of Service-Based Restricted Stock Units | The following table summarizes the service-based RSU activity for the six months ended June 30, 2023:
|  | Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2022 |  |  | 282,124 |  |  | $ | 27.44 |
Granted |  |  | 64,046 |  |  |  | 43.77 |
Vested and released |  |  | (68,848 | ) |  |  | 32.30 |
Forfeited |  |  | (7,540 | ) |  |  | 36.97 |
Outstanding at June 30, 2023 |  |  | 269,782 |  |  | $ | 29.81 |
Releasable at June 30, 2023 |  |  | 131,867 |  |  | $ | 20.30 |
Summary of Performance and Market Based RSUs | The following table summarizes the performance and market-based RSU activity for the six months ended June 30, 2023:
|  | Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2022 |  |  | 260,306 |  |  | $ | 33.20 |
Granted |  |  | 71,832 |  |  |  | 43.80 |
Attained by performance |  |  | 53,035 |  |  |  | 32.11 |
Released |  |  | (113,385 | ) |  |  | 32.11 |
Forfeited |  |  | (10,429 | ) |  |  | 37.59 |
Outstanding at June 30, 2023 |  |  | 261,359 |  |  | $ | 36.19 |
Releasable at June 30, 2023 |  |  | — |  |  | $ | — |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -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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