Equity (Tables)

12 Months Ended

Dec. 31, 2023

Table Text Block Supplement [Abstract]

Restricted Shares Issued in Conjunction with Stock Plan

Restricted Shares issued for 2021 – 2023 in conjunction with the Stock Plan are presented in the following table:

Issuance Date	Shares	Aggregate Market Value (millions)
1/26/21	23,140	$0.9
1/25/22	36,770	$1.7
1/24/23	18,770	$1.0

Issuance Date	Shares	Aggregate Market Value (millions)
1/24/23	18,770	$1.0

Restricted Stock Units Issued

The equity portion of Restricted Stock Units activity during 2023 and 2022 in conjunction with the Stock Plan are presented in the following table:

Restricted Stock Units (Equity Portion)
	2023					2022
	Units			Weighted Average Stock Price		Units			Weighted Average Stock Price
Beginning Restricted Stock Units		43,799		$	40.17		49,182		$	41.67
Restricted Stock Units Granted		2,646		$	42.31		3,595		$	46.72
Dividend Equivalents Earned		1,442		$	50.53		1,258		$	53.20
Restricted Stock Units Settled		(14,512	)	$	35.69		(10,236	)	$	51.28
Ending Restricted Stock Units		33,375		$	42.73		43,799		$	40.17

Reconciliation of Basic and Diluted Earnings Per Share

The following table reconciles basic and diluted earnings per share (EPS).

(Millions except shares and per share data)	2023		2022		2021
Earnings Available to Common Shareholders	$	45.2	$	41.4	$	36.1
Weighted Average Common Shares Outstanding—Basic (000’s)		16,045		15,991		15,373
Plus: Diluted Effect of Incremental Shares (000’s)		8		5		3
Weighted Average Common Shares Outstanding—Diluted (000’s)		16,053		15,996		15,376
Earnings per Share—Basic and Diluted	$	2.82	$	2.59	$	2.35

Weighted Average Non Vested Restricted Shares Excluded from Computation of Earnings Per Share

The following table shows the number of weighted average non-vested restricted shares that were not included in the above computation of EPS because the effect would have been antidilutive.

	2023		2022		2021
Weighted Average Non-Vested Restricted Shares Not Included in EPS Computation		12,204		12,086		23,636