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Accounting for Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Recognized and Unrecognized Stock-based Compensation Expense

The total recognized and unrecognized stock based compensation expense is as follows:

Stock Based Compensation Expense

 

2024

 

 

2023

 

 

2022

 

 

Unrecognized Stock Based Compensation Expense at December 31, 2024

 

 

Remaining Weighted Average Vesting Period

 

RSUs

 

$

6,871

 

 

$

6,216

 

 

$

5,551

 

 

$

7,395

 

 

 

1.92

 

PSUs

 

 

2,454

 

 

 

4,661

 

 

 

954

 

 

 

7,795

 

 

 

1.98

 

Restricted Stock

 

 

1,115

 

 

 

878

 

 

 

888

 

 

 

402

 

 

 

0.37

 

SARs

 

 

(8

)

 

 

(128

)

 

 

(794

)

 

 

 

 

 

 

Total stock based compensation

 

$

10,432

 

 

$

11,627

 

 

$

6,599

 

 

$

15,592

 

 

 

1.91

 

Summary of PSU Activity

The following table summarizes PSU activity during the years ended December 31, 2024, 2023 and 2022:

Unvested Performance Stock Units

 

Performance Stock Unit Shares

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding at December 31, 2021

 

 

319,336

 

 

$

57.27

 

Granted

 

 

106,604

 

 

 

75.57

 

Performance Adjustment

 

 

42,746

 

 

 

58.30

 

Vested

 

 

(133,477

)

 

 

52.34

 

Forfeited

 

 

(14,760

)

 

 

65.02

 

Outstanding at December 31, 2022

 

 

320,449

 

 

$

62.90

 

Granted

 

 

153,121

 

 

 

65.90

 

Performance Adjustment

 

 

(59,928

)

 

 

33.90

 

Vested

 

 

(59,928

)

 

 

49.25

 

Forfeited

 

 

(28,737

)

 

 

65.97

 

Outstanding at December 31, 2023

 

 

324,977

 

 

$

74.10

 

Granted

 

 

235,388

 

 

 

60.68

 

Performance Adjustment

 

 

(52,856

)

 

 

79.49

 

Vested

 

 

(27,850

)

 

 

92.44

 

Forfeited

 

 

(199,818

)

 

 

61.35

 

Outstanding at December 31, 2024

 

 

279,841

 

 

$

63.30

 

Restricted Stock Activity

The following table summarizes restricted stock activity during the years ended December 31, 2024, 2023 and 2022:

Unvested Restricted Stock

 

Shares

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding at December 31, 2021

 

 

11,376

 

 

$

70.33

 

Granted

 

 

13,600

 

 

 

73.54

 

Vested

 

 

(11,376

)

 

 

70.33

 

Forfeited

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

13,600

 

 

$

73.54

 

Granted

 

 

17,923

 

 

 

56.96

 

Vested

 

 

(11,900

)

 

 

73.54

 

Forfeited

 

 

(1,700

)

 

 

73.54

 

Outstanding at December 31, 2023

 

 

17,923

 

 

$

56.96

 

Granted

 

 

21,296

 

 

 

50.72

 

Vested

 

 

(17,923

)

 

 

56.96

 

Forfeited

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

21,296

 

 

$

50.72

 

SARs Activity

The following table summarizes SARs activity during the years ended December 31, 2024, 2023 and 2022:

Stock Appreciation Rights

 

Shares

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining
Contractual Term

 

 

Aggregate
Intrinsic Value

 

Outstanding at December 31, 2021

 

 

55,600

 

 

$

41.15

 

 

 

1.28

 

 

$

2,544

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(40,850

)

 

 

42.27

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

14,750

 

 

$

38.05

 

 

 

1.15

 

 

$

402

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(12,500

)

 

 

38.05

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

2,250

 

 

$

38.05

 

 

 

0.15

 

 

$

32

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(2,250

)

 

 

38.05

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

 

 

$

 

 

 

 

 

$

 

Exercisable at December 31, 2024

 

 

 

 

$

 

 

 

 

 

$

 

 

Summary of Stock Option Activity

The following table summarizes stock option activity during the years ended December 31, 2024, 2023 and 2022:

Options

 

Shares

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining
Contractual Term

 

 

Aggregate
Intrinsic Value

 

Outstanding at December 31, 2021

 

 

206,750

 

 

$

36.72

 

 

 

2.60

 

 

$

10,375

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(44,116

)

 

 

37.87

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

162,634

 

 

$

36.41

 

 

 

2.68

 

 

$

8,212

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(6,450

)

 

 

40.79

 

 

 

 

 

 

 

Forfeited

 

 

(16,500

)

 

$

41.59

 

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

139,684

 

 

$

35.59

 

 

 

0.90

 

 

$

2,342

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(139,684

)

 

 

35.59

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

 

 

$

 

 

 

 

 

$

 

Exercisable at December 31, 2024

 

 

 

 

$

 

 

 

 

 

$

 

RSU  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Restricted Stock Activity

The following table summarizes RSU activity during the years ended December 31, 2024, 2023 and 2022:

Unvested Restricted Stock Units

 

Time Vesting
Shares

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding at December 31, 2021

 

 

193,626

 

 

$

56.02

 

Granted

 

 

117,507

 

 

 

66.86

 

Vested

 

 

(95,692

)

 

 

49.85

 

Forfeited

 

 

(13,863

)

 

 

70.52

 

Outstanding at December 31, 2022

 

 

201,578

 

 

$

64.27

 

Granted

 

 

136,964

 

 

 

58.68

 

Vested

 

 

(82,695

)

 

 

59.43

 

Forfeited

 

 

(23,986

)

 

 

59.47

 

Outstanding at December 31, 2023

 

 

231,861

 

 

$

63.19

 

Granted

 

 

184,959

 

 

 

54.20

 

Vested

 

 

(129,477

)

 

 

64.55

 

Forfeited

 

 

(84,682

)

 

 

57.71

 

Outstanding at December 31, 2024

 

 

202,661

 

 

$

56.35