Common equity

12 Months Ended

Dec. 31, 2022

Common equity.

Common equity

Note 14. Common equity

At December 31, 2022, the authorized stock of the Company consisted of 75,000,000 shares of common stock without par value.

Changes in outstanding common shares are summarized as follows:

	2022	2021	2020
Beginning balance	20,335,934	20,059,390	19,632,211
Treasury stock purchases	(559,945)	(147,785)	(320,245)
Common stock issued (including share-based compensation impact)	396,757	424,329	747,424
Ending balance	20,172,746	20,335,934	20,059,390