XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.21.2

Earnings Per Common Share And Share Awards (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Earnings Per Share [Abstract] |
Computation Of Basic And Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the three- and six-month periods ended June 30:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands, except per share amounts) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Net income |  | $ | 19,782 |  |  | $ | 14,495 |  |  | $ | 33,605 |  |  | $ | 7,484 |
Weighted average common shares outstanding – Basic |  | 1,894 |  |  | 1,892 |  |  | 1,894 |  |  | 1,891 |
Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled) |  | 5 |  |  | 3 |  |  | 4 |  |  | 4 |
Weighted average common shares outstanding – Diluted |  | 1,899 |  |  | 1,895 |  |  | 1,898 |  |  | 1,895 |
Basic earnings per common share |  | $ | 10.44 |  |  | $ | 7.66 |  |  | $ | 17.74 |  |  | $ | 3.96 |
Diluted earnings per common share |  | $ | 10.42 |  |  | $ | 7.65 |  |  | $ | 17.70 |  |  | $ | 3.95 |
Summary Of Share-Based Award Transactions | A summary of share-based award transactions for all share-based award plans follows:
(in thousands, except weighted average exercise price and average remaining contractual term) | Number Of Shares |  | Weighted Average Exercise Price |  | Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value
Outstanding as of January 1, 2020 | 30 |  |  | $ | 124.13 |  |  | 3.53 |  | $ | 1,352 |
SARs granted | 14 |  |  | 137.40 |  |  |  |  |
SARs exercised | (8) |  |  | 75.75 |  |  |  |  |
Outstanding as of December 31, 2020 | 36 |  |  | $ | 139.16 |  |  | 4.38 |  | $ | 903 |
SARs granted | 5 |  |  | 184.26 |  |  |  |  |
SARs exercised | (3) |  |  | 68.70 |  |  |  |  |
Outstanding as of June 30, 2021 | 38 |  |  | $ | 150.06 |  |  | 4.56 |  | $ | 1,122 |
Exercisable as of June 30, 2021 | 28 |  |  | $ | 148.09 |  |  | 3.91 |  | $ | 889 |
Unvested as of June 30, 2021 | 10 |  |  | $ | 155.32 |  |  | 6.28 |  | $ | 233 |
Share-Based Valuation Assumptions | The weighted average fair values for the SARs issued during 2021 and 2020 were $59.83 and $34.45, respectively, and were estimated using the weighted average assumptions shown in the table below.
| 2021 |  | 2020
Expected Life in Years | 7.0 | - | 7.0 |  | 6.2 | - | 7.0
Volatility | 33.9% |  | 28.5%
Interest Rate | 1.3% |  | 0.7%
Yield Rate | 1.1% |  | 1.2%

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + 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) -URI http://asc.fasb.org/extlink&oid=120381028&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 (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration