XML 41 R26.htm IDEA: XBRL DOCUMENT v3.22.4

Stock Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements

The Company recorded share-based compensation expense as follows for the years ended December 31, 2022, 2021 and 2020:

			Year Ended
			December 31, 2022						December 31, 2021						December 31, 2020
Salaries, wages and employee benefits - continuing operations			$	9,902					$	9,108					$	9,715
Salaries, wages and employee benefits - discontinued operation			—						16						85
Total share-based compensation expense			$	9,902					$	9,124					$	9,800

Schedule of Weighted Average Assumptions

The weighted average grant-date fair value of the stock option awards granted under the Plan and the weighted average assumptions under the Black-Scholes option-pricing model were as follows for the years ended December 31, 2022, 2021 and 2020.

			December 31, 2022						December 31, 2021						December 31, 2020
Weighted average grant-date fair value			$	28.91					$	18.36					$	14.79
Weighted average assumptions under Black-Scholes option model:
Expected dividend yield			0.9		%				1.1		%				1.1		%
Expected stock price volatility			28.7		%				28.9		%				24.1		%
Risk-free interest rate			1.9		%				0.6		%				1.5		%
Expected life of awards (years)			5.6						5.8						5.9

Schedule of Stock Option Activity

Stock option transactions during the year ended December 31, 2022 on a continuing operations basis were as follows:

			Number of Shares						Weighted Average Exercise Price
Outstanding as of January 1			342						$	58.44
Granted			64						106.13
Exercised			(3)						60.42
Forfeited or Canceled			(27)						63.46
Outstanding as of December 31			376						$	66.13

The following table sets forth the exercise price range, number of shares, weighted average exercise price and remaining contractual lives by groups of similar price on a continuing operations basis as of December 31, 2022:

												Stock Options Outstanding																		Stock Options Exercisable
Range of Exercise Prices												Number of Shares						Weighted Average Remaining Contractual Life (in years)						Weighted Average Exercise Price						Exercisable as of December 31, 2022						Weighted Average Exercise Price
$	43.67		-			$	65.96					279						1.9						$	56.67					267						$	56.25
$	75.05		-			$	106.29					97						5.7						93.51						13						75.05
												376												$	66.13					280						$	57.13

Schedule of Restricted Share Activity

Restricted share transactions on a continuing operations basis for the year ended December 31, 2022 were as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Outstanding as of January 1			191						$	69.84
Granted			82						105.64
Vested			(92)						67.41
Forfeited			(30)						84.70
Outstanding as of December 31			151						$	87.82

Director restricted share transactions for the year ended December 31, 2022 were as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Outstanding as of January 1			15						$	93.46
Granted			15						93.70
Vested			(15)						93.46
Forfeited			—						—
Outstanding as of December 31			15						$	93.70

			Year Ended
			December 31, 2022						December 31, 2021						December 31, 2020
Share-based compensation expense for restricted shares			$	1,387					$	1,436					$	1,026
Excess tax benefit for the vesting of restricted shares			$	12					$	342					$	253

Schedule of Nonvested Performance-based Units Activity

The weighted average grant-date fair value of performance awards granted under the Plan and the weighted average assumptions under the Monte Carlo simulation model were as follows for the years ended December 31, 2022, 2021 and 2020:

			Year Ended
			December 31, 2022						December 31, 2021						December 31, 2020
Weighted average grant-date fair value			$	127.29					$	87.33					$	69.15
Weighted average assumptions under the Monte Carlo simulation model:
Expected stock price volatility			35.5		%				34.5		%				23.5		%
Weighted average risk-free interest rate			1.6		%				0.2		%				1.4		%

Schedule of Performance Award Transactions

Performance award transactions for the year ended December 31, 2022 on a continuing operations basis were as follows assuming target levels of performance:

			Number of Shares						Weighted Average Grant Date Fair Value
Outstanding as of January 1			79						$	75.61
Granted			14						127.29
Earned			(7)						63.40
Forfeited or unearned			(16)						74.79
Outstanding as of December 31			70						$	87.74

Schedule of Employee Stock Purchase Plan

Employee stock purchase plan activity and related information was as follows on a continuing operations basis:

			Year Ended
			December 31, 2022						December 31, 2021						December 31, 2020
Shares purchased by participants under the ESPP			9						12						14
Average purchase price			$	82.48					$	75.71					$	44.24
Weighted average fair value of each purchase under the ESPP granted1			$	9.17					$	30.68					$	20.99
Share-based compensation expense for ESPP			$	87					$	369					$	292
1 Equal to the discount from the market value of the common stock at the end of each six month purchase period

Employee stock purchase plan activity and related information was as follows on a discontinued operation basis:

			Year Ended
			December 31, 2022						December 31, 2021						December 31, 2020
Shares purchased by participants under the ESPP			—						—						1
Average purchase price			$	—					$	—					$	44.35
Weighted average fair value of each purchase under the ESPP granted1			$	—					$	—					$	18.11
Share-based compensation expense for ESPP			$	—					$	—					$	20
1 Equal to the discount from the market value of the common stock at the end of each six month purchase period

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of employee stock purchase plan activity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration