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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of the Weighted-Average Assumption Used in Estimating Fair Value of Stock Appreciation Rights
The following table summarizes the weighted-average assumptions used in estimating the fair value of the SARs granted during the first three months of 2020:
Grant DateExpected Dividend YieldExpected VolatilityRisk Free Interest RateExpected TermWeighted Avg. Grant Date Fair Value of 1 SAR
February 20202.5%23.2%1.5%5.5 years$25.28
Summary of the Attributes of the Performance Shares Granted During the Period The weighted average fair value per share was $143.45 for the awards granted in the first quarter of 2020.
Grant DateFair ValuePerformance PeriodPayout Range
February 2020$143.45Jan 2020-Dec 20220-200% +/- 50%