XML 57 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based compensation [Abstract]  
Schedule of share-based compensation expense in its Consolidated Statements of Income [Table Text Block]
2021
2020
2019
Stock options
$
1,235
$
1,491
$
1,448
Non-vested stock awards and restricted stock units
5,438
5,012
3,206
Non-elective and elective 401(k) matching contribution in stock
1,553
3,112
-
Employee stock purchase plan
-
-
84
Director stock ownership plan
901
541
123
Performance stock units
1,911
840
-
Total share-based
 
compensation expense
$
11,038
$
10,996
$
4,861
Schedule of Stock option activity under all plans [Table Text Block]
Weighted
 
Weighted
Average
Average
Exercise
 
Remaining
Aggregate
Number of
Price
 
Contractual
Intrinsic
Options
(per option)
Term
 
(years)
Value
Options outstanding as of January 1, 2021
110,336
$
143.51
Options granted
25,250
245.17
Options exercised
(22,540)
143.49
Options forfeited
(3,362)
190.65
Options outstanding as of December 31, 2021
109,684
$
165.47
4.8
$
7,550
Options expected to vest after December 31, 2021
67,680
$
178.10
5.4
$
3,929
Options exercisable as of December 31, 2021
42,004
$
145.12
3.9
$
3,621
Schedule of summary of the Company's outstanding stock options [Table Text Block]
Weighted
Average
Weighted
Weighted
Number
Remaining
Average
Number
Average
Range of
of Options
Contractual
Exercise Price
of Options
Exercise Price
Exercise Prices
Outstanding
Term
 
(years)
(per option)
Exercisable
(per option)
$
49.01
 
-
$
80.00
 
711
-
$
72.12
711
$
72.12
$
80.01
 
-
$
100.00
 
1,309
-
87.30
1,309
87.30
$
120.01
 
-
$
150.00
 
43,482
5.2
136.62
12,873
136.59
$
150.01
 
-
$
180.00
 
40,593
3.7
154.23
27,111
153.88
$
220.01
 
-
$
250.00
 
23,589
6.2
245.15
-
-
109,684
4.8
165.47
42,004
145.12
Schedule of Black-Scholes option pricing model and the assumptions [Table Text Block]
For the purposes of determining the fair value of stock option awards, the Company
 
used a Black-
Scholes option pricing model
2021
2020
2019
2018
Number of stock options granted
25,250
49,115
51,610
35,842
Dividend yield
0.85
%
0.99
%
1.12
%
1.37
%
Expected volatility
37.33
%
31.57
%
26.29
%
24.73
%
Risk-free interest rate
0.60
%
0.36
%
1.52
%
2.54
%
Expected term (years)
4.0
4.0
4.0
4.0
The grant-date fair value of the PSUs was estimated using a Monte Carlo
 
simulation on the grant date
and using the following assumptions
CEO Grant
2021 (1)
2021
2020
Fully vested shares
3,775
12,103
18,485
Risk-free interest rate
0.65
%
0.29
%
0.28
%
Dividend yield
0.72
%
0.64
%
1.13
%
Expected term (years)
3.0
3.0
3.0
(1)
 
On September 2, 2021, the Board appointed Andrew Tometich
 
to serve as CEO and entered into an Employment Agreement,
and granted an equity award consisting of a mix of time-based restricted
 
stock and PSUs.
Schedule of The compensation expense recorded on each award during the year [Table Text Block]
2021
2020
2019
2021 Stock option awards
$
429
$
-
$
-
2020 Stock option awards
516
385
-
2019 Stock option awards
234
698
665
2018 Stock option awards
56
357
364
2017 Stock option awards
-
51
369
Schedule of activity of nonvested restricted stock awards granted under the Company's LTIP plan [Table Text Block]
Number of
Weighted Average
 
Grant
 
Shares
Date Fair Value
 
(per share)
Nonvested awards, December 31, 2020
71,768
$
151.17
 
Granted
23,536
242.29
 
Vested
(23,638)
157.63
 
Forfeited
(2,973)
172.15
 
Nonvested awards, December 31, 2021
68,693
$
179.26
Schedule of activity of nonvested restricted stock units granted under the Company's LTIP plan [Table Text Block]
Number of
Weighted Average
 
Grant
 
Units
Date Fair Value
 
(per unit)
Nonvested awards, December 31, 2020
10,845
$
147.70
 
Granted
2,791
245.49
 
Vested
(2,570)
155.34
 
Forfeited
(89)
141.77
 
Nonvested awards, December 31, 2021
10,977
$
170.82