Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Income Tax Benefit Recognized for our Share-Based Compensation Arrangements

Compensation cost charged against income, primarily selling, general and administrative expense, and the income tax benefit recognized for our share-based compensation arrangements is included below:

 

	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Total share-based compensation cost	$	24,871	$	19,171	$	16,802
Income tax benefit	5,919		4,563		3,999

Fair Values for SARs and Stock Options Estimated on Grant Date Using Black-Scholes-Merton Option-Pricing Formula Which Incorporates Assumptions

	Years Ended December 31,
	2021			2020			2019
	(In thousands, except weighted average fair value and assumptions)
Weighted-average fair value of SARs granted	$	18.30		$	18.29		$	22.31
Total intrinsic value of SARs exercised	1,581			545			354
Tax benefit from SARs exercised	327			26			176
Weighted-average fair value of restricted stock units granted	51.76			41.75			64.61
Total fair value of restricted stock units vested	12,623			6,600			10,325
Expected volatility	45.34		%	37.55		%	35.05		%
Expected term (in years)	5.7			5.7			5.7
Risk-free rate	0.70		%	1.44		%	2.56		%
Dividend yield	0.44		%	0.39		%	0.32		%

Summary of Share Based Compensation Activity

	SARs						Restricted Stock Units
	Number	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value		Number	Weighted- Average Grant-Date Fair Value
	(In thousands, except exercise prices, fair values, and contractual terms)
Outstanding at January 1, 2021	1,311	$	64.06	n/a	n/a		953	$	52.50
Granted	205	44.93		n/a	n/a		335	51.76
Exercised or converted	(155)	42.47		n/a	n/a		(269)	46.86
Forfeited or expired	(117)	68.59		n/a	n/a		(55)	48.61
Outstanding at December 31, 2021	1,244	$	63.18	4.7	$	9,582	964	$	50.08
Vested or expected to vest at December 31, 2021	313	$	48.46	8.7	$	5,399
Exercisable or convertible at December 31, 2021	931	$	68.12	3.4	$	4,183