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Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement, Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Payment Arrangement, Activity [Table Text Block]

The weighted-average fair value of options granted and assumptions used to estimate their fair value during the nine months ended September 30, 2020 were as follows (on a continuing basis):

			Nine months ended
			September 30, 2020
Expected dividend yield			1.1		%
Expected stock price volatility			24.1		%
Weighted average risk-free interest rate			1.5		%
Expected life of options (years)			5.9
Weighted average grant date fair value			$	15

The following tables summarize the Company’s employee stock option activity and related information on a continuing basis:

			Nine months ended September 30, 2020
																					Weighted-
									Weighted-												Average
									Average						Aggregate						Remaining
									Exercise						Intrinsic						Contractual
			Options						Price						Value						Term
Outstanding at December 31, 2019			417						$	53
Granted			36						66
Exercised			(42)						46
Forfeited			(4)						60
Outstanding at September 30, 2020			407						$	55					$	(133)					3.8
Exercisable at September 30, 2020			311						$	53					$	682					3.4

			Nine months ended
			September 30, 2020						September 30, 2019
Share-based compensation for options			$	869					$	1,178
Tax benefit for option compensation			$	225					$	304
Unrecognized compensation cost for options			$	1,065					$	1,846
Weighted average period over which unrecognized compensation will be recognized (years)			1.4

The following tables summarize the Company’s employee stock option activity and related information on a discontinued basis:

			Nine months ended September 30, 2020
																					Weighted-
									Weighted-												Average
									Average						Aggregate						Remaining
									Exercise						Intrinsic						Contractual
			Options						Price						Value						Term
Outstanding at December 31, 2019			14						$	52
Granted			—						—
Exercised			—						—
Forfeited			—						—
Outstanding at September 30, 2020			14						$	52					$	37					3.0
Exercisable at September 30, 2020			12						$	52					$	41					2.9

			Nine months ended
			September 30, 2020						September 30, 2019
Share-based compensation for options			$	16					$	31
Tax benefit for option compensation			$	4					$	8
Unrecognized compensation cost for options			$	6					$	32
Weighted average period over which unrecognized compensation will be recognized (years)			0.4

Employee Non-vested Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following tables summarize the Company’s employee non-vested share activity and related information on a continuing basis:

			Nine months ended September 30, 2020
									Weighted-
									Average						Aggregate
			Non-vested						Grant Date						Grant Date
			Shares						Fair Value						Fair Value
Outstanding and non-vested at December 31, 2019			264						$	58
Granted			114						66
Vested			(149)						57
Forfeited			(16)						62
Outstanding and non-vested at September 30, 2020			213						$	63					$	13,409

			Nine months ended
			September 30, 2020						September 30, 2019
Share-based compensation for non-vested shares			$	5,416					$	5,934
Tax benefit for non-vested share compensation			$	1,399					$	1,510
Unrecognized compensation cost for non-vested shares			$	9,397					$	10,243
Weighted average period over which unrecognized compensation will be recognized (years)			1.9

The following tables summarize the Company’s employee non-vested share activity and related information on a discontinued basis:

			Nine months ended September 30, 2020
									Weighted-
									Average						Aggregate
			Non-vested						Grant Date						Grant Date
			Shares						Fair Value						Fair Value
Outstanding and non-vested at December 31, 2019			13						$	58
Granted			6						63
Vested			(8)						58
Forfeited			—						—
Outstanding and non-vested at September 30, 2020			11						$	61					$	678

			Nine months ended
			September 30, 2020						September 30, 2019
Share-based compensation for non-vested shares			$	282					$	276
Tax benefit for non-vested share compensation			$	73					$	71
Unrecognized compensation cost for non-vested shares			$	471					$	462
Weighted average period over which unrecognized compensation will be recognized (years)			1.9

Key Employee Performance Share Based Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]

The fair value of the performance shares granted based on the three-year performance of the Company’s total shareholder return was estimated using a Monte Carlo simulation. The following table contains the weighted-average assumptions, on both a continuing and discontinued basis, used to estimate the fair value of performance shares granted using the Monte Carlo simulation. These assumptions are subjective and changes in these assumptions can materially affect the fair value estimate.

			Nine months ended
			September 30, 2020						September 30, 2019
Expected stock price volatility			23.5		%				23.4		%
Weighted average risk-free interest rate			1.4		%				2.5		%

The following tables summarize the Company’s employee performance share activity, assuming median share awards, and related information on a continuing basis:

			Nine months ended September 30, 2020
									Weighted-
									Average						Aggregate
			Performance						Grant Date						Grant Date
			Shares						Fair Value						Fair Value
Outstanding and non-vested at December 31, 2019			58						$	62
Granted			38						69
Additional shares awarded based on performance			13						51
Vested			(33)						51
Forfeited			(11)						66
Outstanding and non-vested at September 30, 2020			65						$	68					$	4,425

			Nine months ended
			September 30, 2020						September 30, 2019
Share-based compensation for performance shares			$	1,007					$	767
Tax benefit for performance share compensation			$	260					$	198
Unrecognized compensation cost for performance shares			$	2,466					$	1,766
Weighted average period over which unrecognized compensation will be recognized (years)			2.1

The following tables summarize the Company’s employee performance share activity, assuming median share awards, and related information on a discontinued basis:

			Nine months ended September 30, 2020
									Weighted-
									Average						Aggregate
			Performance						Grant Date						Grant Date
			Shares						Fair Value						Fair Value
Outstanding and non-vested at December 31, 2019			4						$	62
Granted			2						69
Additional shares awarded based on performance			1						51
Vested			(2)						51
Forfeited			—						—
Outstanding and non-vested at September 30, 2020			5						$	66					$	275

			Nine months ended
			September 30, 2020						September 30, 2019
Share-based compensation for performance shares			$	62					$	54
Tax benefit for performance share compensation			$	16					$	14
Unrecognized compensation cost for performance shares			$	142					$	118
Weighted average period over which unrecognized compensation will be recognized (years)			1.9

Employee Stock Purchase Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]

The following table summarizes the Company's employee stock purchase activity and related information on a continuing basis:

			Nine months ended
			September 30, 2020						September 30, 2019
Shares purchased by participants under plan			6						4
Average purchase price			$	45					$	49
Weighted-average fair value of each purchase right under the ESPP granted ¹			$	5					$	10
Share-based compensation for ESPP shares			$	30					$	46
¹ Equal to the discount from the market value of the common stock at the end of each six month purchase period

The following table summarizes the Company's employee stock purchase activity and related information on a discontinued basis:

			Nine months ended
			September 30, 2020						September 30, 2019
Shares purchased by participants under plan			1						1
Average purchase price			$	45					$	49
Weighted-average fair value of each purchase right under the ESPP granted ¹			$	5					$	10
Share-based compensation for ESPP shares			$	3					$	6
¹ Equal to the discount from the market value of the common stock at the end of each six month purchase period

Nonemployee Director Nonvested Shares Granted Member

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

The following tables summarize the Company’s non-employee non-vested share activity and related information on a continuing basis:

			Nine months ended September 30, 2020
									Weighted-
									Average						Aggregate
			Non-vested						Grant Date						Grant Date
			Shares						Fair Value						Fair Value
Outstanding and non-vested at December 31, 2019			16						$	62
Granted			24						43
Vested			(16)						62
Forfeited			—						—
Outstanding and non-vested at September 30, 2020			24						$	43					$	1,035

			Nine months ended
			September 30, 2020						September 30, 2019
Share-based compensation for non-vested shares			$	766					$	714
Tax benefit for non-vested share compensation			$	198					$	184
Unrecognized compensation cost for non-vested shares			$	636					$	554
Weighted average period over which unrecognized compensation will be recognized (years)			0.6

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- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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