XML 36 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Shareholder-Designated Contribution Plan
12 Months Ended
Dec. 31, 2020
Shareholder-Designated Contribution Plan [Abstract]  
Shareholder-Designated Contribution Plan
M.  Shareholder-Designated Contribution Plan
 
The Company has established a Shareholder Designated Charitable Contribution program. Under the program, from time to time each shareholder is eligible to designate a charity to which the Company would make a donation at a rate of twenty cents per share based upon the actual number of shares registered in the shareholder’s name. The Company recorded an expense of $3.0 million and $3.3 million related to this program for the years ended December 31, 2020 and 2019, respectively, which is included in shareholder-designated contribution in the consolidated statements of income. As of December 31, 2020 and 2019, the Company has reflected a liability in the amount of $2.0 million in connection with this program which is included in accrued expenses and other liabilities on the consolidated statement of financial condition, respectively.