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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Award Activity

The following table summarizes information about RSUs and restricted shares:

 

 

 

 

Number of

shares

 

 

Weighted average

grant date fair value

 

 

Outstanding at December 31, 2020

 

 

965

 

 

$

73.92

 

 

RSUs granted

 

 

327

 

 

$

113.82

 

 

RSUs vested

 

 

(477

)

 

$

74.16

 

 

RSUs forfeited

 

 

(21

)

 

$

83.42

 

 

Outstanding at December 31, 2021

 

 

794

 

 

$

89.74

 

 

Schedule of Stock Option Activity

The following table summarizes information about stock options:

 

 

 

 

Number of

shares

 

 

Weighted

average

exercise

price

per share

 

 

Weighted

average

remaining

contractual life

 

 

Aggregate

intrinsic

value

 

 

Outstanding at December 31, 2020

 

 

3,553

 

 

$

44.49

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(1,220

)

 

$

45.28

 

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

Options canceled

 

 

(4

)

 

$

51.32

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

2,329

 

 

$

44.07

 

 

 

2.95

 

 

$

210,128

 

 

Exercisable at December 31, 2021

 

 

2,329

 

 

$

44.07

 

 

 

2.95

 

 

$

210,128

 

 

Shared-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used

The fair value of employee stock purchase rights granted under the 2002 Plan is estimated on the date of grant using the Black-Scholes Model with the following assumptions:

 

 

 

 

For the years ended December 31,

 

 

 

 

2021

 

 

2020

 

 

2019

 

 

Dividend yield

 

 

1.10

%

 

 

1.40

%

 

 

1.40

%

 

Volatility

 

 

20

%

 

 

32

%

 

 

23

%

 

Risk-free interest rates

 

 

0.08

%

 

 

0.15

%

 

 

1.96

%

 

Expected life (years)

 

 

1

 

 

 

1

 

 

 

1

 

 

Weighted average fair value

 

$

28.55

 

 

$

23.26

 

 

$

17.03