Shareholder-Designated Charitable Contributions

12 Months Ended

Dec. 31, 2021

Shareholder-Designated Charitable Contributions [Abstract]

Shareholder-Designated Charitable Contributions

11. Shareholder-Designated Charitable Contributions

During 2013, the Company established a shareholder-designated charitable contribution program. Under the program, each shareholder is eligible to designate a charity to which the Company would make a donation based upon the actual number of shares registered in the shareholder’s name. Shares held in nominee or street name are not eligible to participate. During 2021 and 2020, the Company recorded charges of $11.3 million and $5.4 million, respectively, which were included in shareholder-designated charitable contributions on the consolidated statements of income.