STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Status of Company's Nonvested Shares

A summary of the status of the Company’s nonvested shares and changes during 2022, 2021 and 2020 is presented below.

	2022					2021					2020
	Shares			Weighted Average Grant- Date Price		Shares			Weighted Average Grant- Date Price		Shares			Weighted Average Grant- Date Price
Outstanding at beginning of year		1,386,778		$	30.48		1,526,653		$	24.71		1,394,756		$	30.40
Granted		933,487			42.81		521,512			39.55		835,828			19.92
Vested		(585,563	)		29.65		(593,249	)		23.72		(579,584	)		30.71
Forfeited		(203,740	)		36.29		(68,138	)		29.20		(124,347	)		28.60
Outstanding at end of year		1,530,962		$	37.54		1,386,778		$	30.48		1,526,653		$	24.71

Summary of Performance Based Long Term Incentive Program

A summary of the activity in the performance-based long-term incentive program since inception is presented below.

	2022					2021					2020
	Shares			Weighted Average Grant- Date Price		Shares			Weighted Average Grant- Date Price		Shares			Weighted Average Grant- Date Price
Outstanding at beginning of year		2,175,831		$	29.33		2,458,978		$	24.22		1,994,111		$	29.05
Granted		421,038			45.01		1,298,868			41.44		932,344			19.42
Vested		(796,019	)		29.71		(1,374,442	)		23.47		(151,905	)		41.80
Forfeited		(343,125	)		30.21		(207,573	)		28.71		(315,572	)		27.10
Outstanding at end of year⁽²⁾		1,457,725		$	31.84		2,175,831		$	29.33		2,458,978		$	24.22

(1)

Outstanding shares at the end of 2022 include 5 million shares of awards granted in 2020 that will be settled in cash in 2023. These awards are remeasured to fair value at each reporting period. The remeasurement impact was not material in 2022, 2021, and 2020.