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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Arrangement, Cost by Plan
The Company recognized the following share-based compensation expense in its Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021:
202320222021
Stock options$1,039 $1,774 $1,235 
Non-vested stock awards and restricted stock units9,305 6,679 5,438 
Non-elective and elective 401(k) matching contribution in stock— — 1,553 
Director stock ownership plan86 63 901 
Performance stock units4,175 3,150 1,911 
Total share-based compensation expense$14,605 $11,666 $11,038 
Schedule of Share-based Payment Arrangement, Option, Activity
Stock option activity under all plans is as follows:
Number of
Options		Weighted
Average
Exercise
Price
(per option)		Weighted
Average
Remaining
Contractual
Term (years)		Aggregate
Intrinsic
Value
Options outstanding as of January 1, 2023119,482$183.39 
Options exercised(55,168)148.01 
Options forfeited(1,461)185.05 
Options outstanding as of December 31, 202362,853$214.40 4.3$1,474 
Options expected to vest after December 31, 202319,756$177.92 5.2$701 
Options exercisable as of December 31, 202343,097$195.48 3.9$773 
Schedule of Share-based Payment Arrangement, Option, Exercise Price Range
A summary of the Company’s outstanding stock options as of December 31, 2023 is as follows:
Range of
Exercise Prices		Number
of Options
Outstanding		Weighted
Average
Remaining
Contractual
Term (years)		Weighted
Average
Exercise Price
(per option)		Number
of Options
Exercisable		Weighted
Average
Exercise Price
(per option)
$120.01 -$150.00 15,4813.7137.76 12,660136.73 
$150.01 -$180.00 25,6524.8174.77 10,236169.46 
$220.01 -$250.00 21,7204.2245.10 20,201245.49 
62,8534.3214.40 43,097195.48 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions For the purposes of determining the fair value of stock option awards, the Company used a Black-Scholes option pricing model and primarily used the assumptions set forth in the table below:
July 2022 GrantMarch 2022 GrantMarch 2021 Grant
Number of stock options granted4,83727,07725,250
Dividend yield0.79 %0.80 %0.85 %
Expected volatility40.47 %38.60 %37.33 %
Risk-free interest rate2.87 %2.07 %0.60 %
Expected term (years)4.04.04.0
PSUs granted with a relative TSR condition are valued using a Monte Carlo simulation on the grant date. The grant-date fair value of the PSUs valued using a Monte Carlo simulation, which included the following assumptions set forth in the table below:
20232022CEO Grant 2021 (1)2021
Number of PSUs granted16,98418,4623,77512,103
Risk-free interest rate3.85 %2.11 %0.65 %0.29 %
Dividend yield0.96 %0.93 %0.72 %0.64 %
Expected term (years)3.03.03.03.0
(1)On September 2, 2021, the Board appointed Andrew Tometich to serve as CEO and entered into an Employment Agreement, which included an equity award consisting of a mix of time-based restricted stock and PSUs.
Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount
The fair value of these options is being amortized on a straight-line basis over the respective vesting period of each award. The Company recognized the following share-based compensation expense on each award during the years ended December 31, 2023, 2022 and 2021:
202320222021
2022 Stock option awards494 783 — 
2021 Stock option awards446 521 429 
2020 Stock option awards99 443 516 
2019 Stock option awards— 27 234 
2018 Stock option awards— — 56 
   Total1,039 1,774 1,235 
Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
Activity of non-vested restricted stock awards granted under the Company’s LTIP plan is shown below:
Number of
Shares		Weighted Average Grant Date Fair Value (per share)
Non-vested restricted stock awards, December 31, 202279,455$171.61 
Granted43,008184.61 
Vested(33,685)149.26 
Forfeited(11,021)180.41 
Non-vested restricted stock awards, December 31, 202377,757$187.24 
Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity
Activity of non-vested restricted stock units granted under the Company’s LTIP plan is shown below:
Number of
Units		Weighted Average Grant Date Fair Value (per unit)
Non-vested restricted stock units, December 31, 202218,500$171.83 
Granted6,675180.38 
Vested(7,014)152.17 
Forfeited(1,959)184.08 
Non-vested restricted stock units, December 31, 202316,202$180.14