XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Earnings Per Common Share and Share Awards (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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 years ended December 31:
(in thousands, except per share amounts) | 2021 |  | 2020
Net income | $ | 67,020 |  |  | $ | 39,420 |
Weighted average common shares outstanding – Basic | 1,894 |  |  | 1,892 |
Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled) | 6 |  |  | 4 |
Weighted average common shares outstanding – Diluted | 1,900 |  |  | 1,896 |
Basic earnings per common share | $ | 35.38 |  |  | $ | 20.84 |
Diluted earnings per common share | $ | 35.28 |  |  | $ | 20.80 |
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 | (6) |  |  | 106.71 |  |  |  |  |
Outstanding as of December 31, 2021 | 35 |  |  | $ | 150.36 |  |  | 3.96 |  | $ | 1,643 |
Exercisable as of December 31, 2021 | 28 |  |  | $ | 151.17 |  |  | 3.51 |  | $ | 1,269 |
Unvested as of December 31, 2021 | 7 |  |  | $ | 147.41 |  |  | 5.59 |  | $ | 374 |
Summary of Information of Fixed Stock Options | The following table summarizes information about SARs outstanding at December 31, 2021:
(in thousands, except exercise prices and average remaining contractual term) |  | SARs Outstanding at Year-End |  | SARs Exercisable at Year-End
Range of Exercise Prices |  | Number Outstanding |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price |  | Number Exercisable |  | Weighted Average Exercise Price
$ | 60.00 |  |  | — |  | $ | 99.99 |  |  | 6 |  |  | 0.88 |  | $ | 83.44 |  |  | 6 |  |  | $ | 83.44 |
100.00 |  |  | — |  | 149.99 |  |  | 11 |  |  | 5.45 |  | 134.89 |  |  | 5 |  |  | 126.00 |
150.00 |  |  | — |  | 199.99 |  |  | 18 |  |  | 4.09 |  | 181.27 |  |  | 17 |  |  | 181.07 |
$ | 60.00 |  |  | — |  | $ | 199.99 |  |  | 35 |  |  | 3.96 |  | $ | 150.36 |  |  | 28 |  |  | $ | 151.17 |
Share-Based Valuation Assumptions | The weighted average fair values for the SARs issued during 2021 and 2020 were $59.83 and $36.30, 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% |  | 29.4%
Interest rate | 1.3% |  | 0.7%
Yield rate | 1.1% |  | 1.2%

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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: | 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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration