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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted-Average Assumptions Used To Estimate the Fair Value of Options Granted
The following table presents the weighted-average assumptions used to estimate the fair value of options granted in 2022, 2021 and 2020:
 202220212020
Expected annual dividend yield2.0 %1.4 %2.0 %
Risk-free interest rate1.85 %0.75 %1.38 %
Expected volatility52.8 %51.9 %51.1 %
Expected life in years5.05.05.2
Schedule of Outstanding and Exercisable Options
The following table summarizes information concerning outstanding and exercisable options:
 Weighted Average
 202220212020
 SharesWeighted
Avg. Exercise
Price
SharesWeighted
Avg. Exercise
Price
SharesWeighted
Avg. Exercise
Price
Outstanding at beginning of year463,304 $24.28 661,024 $19.78 764,784 $17.31 
Granted79,025 $32.65 110,112 $38.02 111,872 $23.60 
Exercised(29,917)$22.87 (196,639)$15.37 (191,780)$11.68 
Canceled or expired(3,200)$26.61 (111,193)$26.87 (23,852)$23.71 
Outstanding at end of year509,212 $25.65 463,304 $24.28 661,024 $19.78 
Options exercisable at year end297,889  223,158  302,283  
Weighted average fair value per option granted during the year$13.07  $18.50  $9.12  
Schedule of Options Vested and Exercisable or Nonvested, Expected to Vest (Nonvested Outstanding Less Expected Forfeitures)
The following table summarizes information about options vested and exercisable or non-vested that are expected to vest (non-vested outstanding less expected forfeitures) at December 31, 2022:
Range of Exercise PricesOptions Outstanding and
Exercisable
Weighted
Average
Exercise
Price
Weighted Average
Remaining
Contractual Life
Aggregate
Intrinsic
Value (in
millions)
$5.00 to$15.00 47,500 $5.92 3.65$0.8 
$15.01 to$25.00 319,572 $23.55 6.190.1 
$25.01 to$35.00 87,439 $32.75 9.050.0 
$35.01 to$45.00 54,701 $43.68 8.230.0 
$5.00 to$45.00 509,212 $25.65 6.67$0.9 
Schedule of Unvested Stock Options
The following table reflects the activity for all unvested stock options during 2022:
 SharesWeighted
Average Grant-
Date Fair Value
Unvested at January 1, 2022240,146 $12.80 
Granted79,025 $13.07 
Vested(104,711)$11.26 
Forfeited(3,137)$26.26 
Unvested at December 31, 2022211,323 $12.84 
Restricted Stock Award Activity
The following table reflects the activity for restricted stock awards, excluding the restricted stock issued to Directors (in millions, except shares data):
Year GrantedShares GrantedOutstanding at December 31, 2022Rights to Cash DividendOther Participation RightsPerformance AwardCompensation Expense
Year Ended December 31,
202220212020
201930,251 12,100 YesNoneNo0.1 0.1 0.2 
2019149,412 YesNoneYes0.3 0.1 1.2 
202028,272 14,136 YesNoneNo0.1 0.2 0.4 
202043,330 4,087 YesNoneYes0.1 0.1 0.6 
202125,371 19,028 YesNoneNo0.3 0.4 0.0 
202132,874 9,795 YesNoneYes0.2 0.3 0.0 
202260,808 54,807 YesNoneNo0.8 0.0 0.0 
202232,875 23,360 YesNoneYes0.6 0.0 0.0 
Total$2.5 $1.2 $2.4 
Nonvested Restricted Stock Shares Activity
The following table reflects the activity for all unvested restricted stock during 2022:
SharesWeighted
Average Grant-
Date Fair Value
Unvested at January 1, 2022135,446 $28.48 
Granted99,679 $34.14 
Vested(84,483)$26.79 
Forfeited(1,417)$26.10 
Unvested at December 31, 2022149,225 $33.24