Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Company's Stock Option Plan Activity

A summary of the stock option activity for the three months ended March 31, 2023 and 2022 is as follows (option amounts not in thousands):

					Weighted
			Weighted		Average
			Average		Remaining	Aggregate
	Number of		Exercise		Contractual	Intrinsic
	Options		Price		Term	Value
Outstanding at January 1, 2023		440,000	$	45.25	5.6 years	$	—
Outstanding at March 31, 2023		440,000	$	45.25	5.3 years	$	3,146
Exercisable at March 31, 2023		412,500	$	45.07	5.2 years	$	3,031
Outstanding at January 1, 2022		440,000	$	45.25	6.6 years	$	18,119
Outstanding at March 31, 2022		440,000	$	45.25	6.3 years	$	10,494
Exercisable at March 31, 2022		357,500	$	44.23	6.0 years	$	8,891

Information with Respect to Unvested Restricted Stock Awards and Incentive Plan

Information with respect to the activity of unvested restricted stock awards during the three months ended March 31, 2023 and 2022 is as follows:

	Number of			Weighted
	Restricted			Average
	Stock			Grant Date
	Awards			Fair Value
Nonvested at January 1, 2023		342,459		$	39.86
Granted		6,000		$	51.76
Vested		(40,352	)	$	54.83
Forfeited		(2,125	)	$	40.33
Nonvested at March 31, 2023		305,982		$	38.11
Nonvested at January 1, 2022		679,997		$	39.72
Granted		4,000		$	70.58
Vested		(50,667	)	$	50.68
Forfeited		(3,265	)	$	45.85
Nonvested at March 31, 2022		630,065		$	39.00

Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock

The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three months ended March 31, 2023 and 2022.

	Three Months Ended
	March 31,
	2023		2022
Deferred tax benefits recognized	$	263	$	652
Tax benefits realized for restricted stock and paid dividends	$	299	$	402
Fair value of vested restricted stock	$	2,213	$	2,568