Share-Based Arrangements (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of share-based compensation, stock options, activity

Stock option activity is as follows:

	Options	Weighted average- exercise price
Options outstanding at December 31, 2021	746,240	$	55.14
Granted	39,121	31.60
Exercised	(11,842)	41.90
Forfeited or expired	(62,737)	54.47
Options outstanding at December 31, 2022	710,782	$	54.12

Schedule of share-based compensation arrangement by share-based payment award, options, vested and expected to vest, outstanding

The following table presents information regarding options outstanding as of December 31, 2022:

Weighted-average remaining contractual term - options outstanding (years)	4.0
Aggregate intrinsic value - options outstanding (in thousands)	$	—
Weighted-average exercise price - options outstanding	$	54.12
Options exercisable	555,216
Weighted-average remaining contractual term - options exercisable (years)	3.4
Aggregate intrinsic value - options exercisable (in thousands)	$	—
Weighted-average exercise price - options exercisable	$	53.91

Schedule of share-based payment award, stock options, valuation assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model. The following table indicates the weighted-average assumptions used in estimating fair value:

	2022			2021			2020
Expected option term (years)	6.5			4.9			4.9
Expected volatility	35.5		%	35.7		%	20.2		%
Risk-free interest rate	2.9		%	0.5		%	1.4		%
Expected dividend yield	2.0		%	1.6		%	1.3		%
Per share fair value of options granted	$	10.22		$	14.89		$	10.74

Schedule of share-based compensation, restricted stock and restricted stock units activity

Restricted Stock Award and Restricted Stock Unit activity is as follows:

	Restricted Stock Awards	Weighted- average grant date fair value
Restricted Stock outstanding at December 31, 2021	135,351	$	53.53
Granted	119,003	40.29
Vested	(80,539)	49.88
Forfeited or expired	(14,294)	50.46
Restricted Stock outstanding at December 31, 2022	159,521	$	45.78

Share-Based Payment Arrangement, Performance Shares, Activity

Performance stock unit activity was as follows:

	Performance Stock	Weighted- average grant date fair value
Performance Stock outstanding at December 31, 2021	70,163	$	70.17
Granted	117,885	54.87
Vested	—	—
Forfeited or expired	(15,904)	60.93
Performance Stock outstanding at December 31, 2022	172,144	$	60.44

Schedule of Share-Based Payment Award, Performance Share, Valuation Assumptions

The following table indicates the weighted-average assumptions used in estimating fair value:

	2022			2021
Expected term (years)	2.9			2.9
Expected volatility	39.4		%	41.3		%
Risk-free interest rate	1.7		%	0.2		%
Expected dividend yield	1.9		%	1.4		%
Per share fair value of performance stock granted	$	68.10		$	84.49