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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
SARs/Stock Options Roll Forward
The following table summarizes the Company's SARs activity during 2021:
(Shares in thousands)Number of
SARs
Weighted-
average
Exercise
Price Per
Share
Aggregate
Intrinsic
Value (thousands)
Weighted-
average
Remaining
Term (Years)
Outstanding at December 31, 2020254 $46.18 
Granted53 68.82 
Exercised(44)41.02 
Cancelled(3)54.61 
Outstanding at December 31, 2021260 51.55 $10,487 4.0
Vested and expected to vest as of December 31, 2021260 51.55 10,487 4.0
Exercisable at December 31, 2021160 45.41 7,277 3.1
SARs/Stock Options Nonvested Share Activity A summary of the status and changes of shares subject to SARs and the related average price per share follows:
(Shares in thousands)Number of
SARs
Weighted-
average
Grant
Date
Fair Value
Nonvested as of December 31, 2020106 $15.46 
Granted53 20.66 
Vested(55)15.80 
Cancelled(4)16.53 
Nonvested as of December 31, 2021100 $17.97 
SARS/Stock Options, Valuation Assumptions
The fair value of the SARs was estimated on the grant date using the Black-Scholes pricing model with the following assumptions:
202120202019
Risk-free interest rate0.57 %1.41 %2.47 %
Dividend yield0.7 %0.9 %0.7 %
Volatility37.6 %31.8 %31.7 %
Expected lives (in years)4.64.85.2
Summary of Restricted Stock Activity
The following table summarizes the stock-settled RSU activity during 2021:
(Shares in thousands)Number of
Shares
Weighted-
average
Grant Date
Fair Value
Outstanding at December 31, 2020161 $53.50 
Granted59 68.62 
Vested(40)51.14 
Forfeited(18)56.85 
Outstanding at December 31, 2021162 $59.23 
Schedule of Share-based Compensation, Performance Based Restricted Stock Unit Activity
The following table summarizes the activity related to performance-based RSUs during 2021:
(Shares in thousands)Number of
Shares
Weighted-
average
Grant Date
Fair Value
Outstanding at December 31, 2020126 $63.61 
Granted41 83.78 
Vested(43)50.35 
Forfeited(5)69.00 
Outstanding at December 31, 2021119 $70.77