XML 50 R39.htm IDEA: XBRL DOCUMENT v3.22.4

Earnings Per Common Share and Share Awards (Tables)

12 Months Ended

Dec. 31, 2022

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)			2022						2021
Net Income			$	23,903					$	67,020
Weighted average common shares outstanding – Basic			1,897						1,894
Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled)			1						6
Weighted average common shares outstanding – Diluted			1,898						1,900
Basic earnings per common share			$	12.60					$	35.38
Diluted earnings per common share			$	12.59					$	35.28

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, 2021			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
SARs granted			10						155.16
SARs exercised			(6)						94.44
Outstanding as of December 31, 2022			39						$	159.39					4.10						$	243
Exercisable as of December 31, 2022			28						$	164.86					3.48						$	197
Unvested as of December 31, 2022			11						$	145.29					5.68						$	46

Summary of Information of Fixed Stock Options

The following table summarizes information about SARs outstanding at December 31, 2022:

(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					2						0.38						$	93.87					2						$	93.87
100.00						—						149.99						14						5.28						138.79						4						129.43
150.00						—						199.99						23						3.74						178.44						22						179.04
$	60.00					—						$	199.99					39						4.10						$	159.39					28						$	164.86

Share-Based Valuation Assumptions

The weighted average fair values for the SARs issued during 2022 and 2021 were $62.60 and $59.83, respectively, and were estimated using the weighted average assumptions shown in the table below:

			2022												2021
Expected life in years			7.0												7.0
Volatility			35.6%												33.9%
Interest rate			3.2%												1.3%
Yield rate			0.6%												1.1%

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