Shareholder-Designated Contributions

9 Months Ended

Sep. 30, 2021

Shareholder-Designated Contributions [Abstract]

Shareholder-Designated Contributions

11. Shareholder-Designated 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. For the three and nine months ended September 30, 2020, the Company recorded a charge of $5.4 million, or $0.25 per share, which were included in shareholder-designated contributions on the Condensed Consolidated Statements of Income.