Annual report pursuant to Section 13 and 15(d)

Stock Compensation (Tables)

v3.22.0.1
Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Stock Compensation [Abstract]  
Schedule of Valuation Assumptions 2021 2020 2019Stock option expense for the year ( in 000's) $ 712  $ 412  $ 299 Aggregate exercise date intrinsic value of options exercised during the year (in 000's) $ 4,559  $ 305  $ 1,567  Average assumptions used in valuing options with the Black-Scholes method: Expected life of options in years, based upon historical experience 5  5  5 Risk-free interest rate 0.8% 0.4% 2.0%Expected volatility, based upon historical volatility 15.4% 22.3% 22.2%Expected dividend yield 2.6% 3.3% 2.6% Average estimated value of options granted during the year $ 14.40  $ 15.27  $ 26.85 
Summary of Stock Options Activity Weighted Aggregate Weighted Average Intrinsic Number of Average Remaining ValueOptions:Options Exercise Price Contract Life (in thousands) Outstanding at December 31, 2018 143,415  $ 86.42  Granted 34,000  $ 163.95  Exercised (15,585) $ 62.15  Forfeited (4,000) $ 110.04  Outstanding at December 31, 2019 157,830  $ 104.92  Granted 18,000  $ 127.22  Exercised (4,136) $ 62.69  Forfeited — $— Outstanding at December 31, 2020 171,694  $ 108.29  Granted 38,000  $ 162.63  Exercised (55,546) $ 90.24  Forfeited — $— Special cash dividend adjustment (1) 5,422  $ 124.13  Outstanding at December 31, 2021 159,570  $ 123.87  6.21 Years $ 9,622 Exercisable at December 31, 2021 (1) 79,651  $ 99.71  3.98 Years $ 6,727 ____________________________ (1)In accordance with the applicable equity award plan documents, the number and exercise price of outstanding options have been adjusted because of the Special Cash Dividend so that the option holder maintains their economic position with respect to the stockholders.
Nonvested Restricted Stock Units Weighted Number of Average GrantRestricted Stock Units:RSUs Date Fair Value Nonvested at December 31, 2018 243,290  $ 23,386 Granted 6,400  1,137 Vested (95,500) (8,753)Forfeited (3,342) (345)Nonvested at December 31, 2019 150,848  15,425 Granted 46,036  5,562 Vested (73,256) (6,991)Forfeited (2,120) (290)Nonvested at December 31, 2020 121,508  $ 13,706 Granted 76,266  11,948 Vested (61,243) (6,255)Forfeited (17,940) (2,107)Nonvested at December 31, 2021 118,591  $ 17,292 
Schedule of Restricted Stock Unit Activity (In thousands, except number of shares) 2021 2020 2019Restricted stock unit expense $ 6,685  $ 4,475  $ 3,196 Shares of common stock issued upon vesting 35,714  43,458  55,267 Fair value of vested common stock on vesting date $ 9,474  $ 10,350  $ 15,078 Cash paid for taxes in lieu of shares of common stock withheld upon vesting of RSUs $ 3,940  $ 4,216  $ 6,350