SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Fair Value Stock Options

The fair value of stock options was $17.094 per share and was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:

	2022
Exercise price	$	110.90
Risk-free rate	1.44		%
Expected term	6.25 years
Expected volatility	21.2		%
Dividend yield	2.597		%

Schedule of Compensation Expense Recognized

Total share-based compensation expense recognized in the consolidated financial statements for the years ended December 31, 2022, 2021, and 2020, for all share-based awards was as follows:

	(in thousands)
	Year Ended December 31,
	2022		2021		2020
Share based compensation expense	$	2,615	$	2,689	$	2,106

Schedule of Restricted Share Awards Activity

The activity for the years ended December 31, 2022, 2021, and 2020, related to our RSUs was as follows:

	RSUs with Service Conditions			RSUs with Market Conditions
		Wtd Avg Grant-			Wtd Avg Grant-
	Shares	Date Fair Value		Shares	Date Fair Value
Unvested at December 31, 2019	22,346	$	58.41	37,822	$	68.62
Granted	17,981	68.25		—	—
Vested	(14,991)	59.10		(13,357)	74.68
Change in awards(1)	—	—		4,436	—
Forfeited	(508)	62.99		(1,907)	63.92
Unvested at December 31, 2020	24,828	$	65.03	26,994	$	67.87
Granted	13,693	71.54		19,224	87.04
Vested	(17,065)	63.42		(35,920)	65.34
Change in awards(1)	—	—		8,926	—
Forfeited	(482)	70.44		—	—
Unvested at December 31, 2021	20,974	$	69.97	19,224	$	87.04
Granted	15,359	96.29		13,559	131.05
Vested	(13,357)	69.24		—	—
Forfeited	(1,562)	76.49		(2,741)	87.04
Unvested at December 31, 2022	21,414	$	88.83	30,042	$	106.90

(1)Represents the change in the number of restricted stock units earned at the end of the measurement period.

Schedule of Stock Options Activity

The stock option activity for the years ended December 31, 2022, 2021, and 2020 was as follows:

	Number of Shares	Weighted Average Exercise Price
Outstanding at December 31, 2019	—	—
Granted	141,000	$	66.36
Exercised	—	—
Forfeited	(1,952)	66.36
Outstanding at December 31, 2020	139,048	$	66.36
Exercisable at December 31, 2020	—	—
Granted	43,629	70.64
Exercised	—	—
Forfeited	—	—
Outstanding at December 31, 2021	182,677	$	67.38
Exercisable at December 31, 2021	34,758	66.36
Granted	30,245	110.67
Exercised	—	—
Forfeited	(16,299)	67.59
Outstanding at December 31, 2022	196,623	$	74.02
Exercisable at December 31, 2022	80,421	$	66.94