XML 52 R37.htm IDEA: XBRL DOCUMENT v3.24.0.1
EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized The following table summarizes the equity compensation expense and related income tax benefit recognized in the consolidated statements of income (in thousands):
 Years Ended December 31,
 202320222021
Restricted awards:
Pre-tax compensation expense$10,229 $7,803 $6,349 
Tax benefit2,634 1,954 1,587 
Restricted stock expense, net of tax$7,595 $5,849 $4,762 
Performance awards:
Pre-tax compensation expense$1,723 $4,690 $4,452 
Tax benefit444 1,174 1,113 
Performance award expense, net of tax$1,279 $3,516 $3,339 
Schedule of Equity Compensation, Restricted Award Activity The following table summarizes restricted award activity for the year ended December 31, 2023:
Number of
Restricted
Awards 
(in thousands)
Weighted-
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period492 $41.42 
Granted204 44.17 
Vested(233)40.44 
Forfeited(19)42.44 
Nonvested at end of period444 43.15 
Schedule of Equity Compensation Performance Award Activity The following table summarizes performance award activity for the year ended December 31, 2023:
Number of
Performance Awards
(in thousands)
Weighted-
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period289 $37.21 
Granted121 45.07 
Vested(126)32.93 
Forfeited(4)38.34 
Nonvested at end of period280 42.15 
Schedule of Contributions for Employee Stock Purchase Plan Our contributions for the Purchase Plan were as follows (in thousands):
2023$349 
2022309 
2021297 
Schedule of Contributions and Administrative Expenses Under 401(k) Retirement Savings Plan Salaries, wages and benefits expense in the accompanying consolidated statements of income includes our 401(k) Plan contributions and administrative expenses, which were as follows (in thousands): 
2023$6,351 
20225,921 
20214,904 
Schedule of Accumulated Benefit Obligation and Aggregate Market Value of Life Insurance Policies
The accumulated benefit obligation and aggregate market value of the life insurance policies were as follows (in thousands):
 December 31,
 20232022
Accumulated benefit obligation$13,843 $10,883 
Aggregate market value10,635 8,509