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Stock option and award plan: (Tables)
12 Months Ended
Dec. 31, 2021
Stock option and award plan:  
Schedule of assumptions used for determining the fair value of options granted

Years Ended

 

December 31, 

Black-Scholes Assumptions

    

2021

    

2020

    

2019

 

Dividend yield

 

4.6

%  

3.4

%  

4.5

%  

Expected volatility

 

33.4

%  

31.5

%  

28.3

%  

Risk-free interest rate

 

0.6

%  

1.1

%  

2.5

%  

Expected life of the option term (in years)

 

4.2

4.2

4.3

Schedule of stock option activity

    

Number of

    

Weighted-Average

    

Options

    

Exercise Price

Outstanding at December 31, 2020

 

159,880

$

54.09

Granted

 

76,768

$

69.54

Cancelled and expired

 

(51,645)

$

68.00

Exercised—intrinsic value $0.9 million; cash received $1.8 million

 

(36,468)

$

50.00

Outstanding at December 31, 2021—$2.4 million intrinsic value and 6.9 years weighted-average remaining contractual term

 

148,535

$

58.24

Exercisable at December 31, 2021—$2.1 million intrinsic value and 5.5 years weighted-average remaining contractual term

 

89,904

$

50.70

Expected to vest—$2.3 million intrinsic value and 6.6 years weighted-average remaining contractual term

 

131,701

$

56.55

Schedule of non-vested restricted stock awards

Weighted-Average

Grant Date

Non-vested awards

    

Shares

    

Fair Value

Non-vested at December 31, 2020

 

1,339,596

$

55.70

Granted

 

471,080

$

64.59

Vested

 

(509,919)

$

49.12

Forfeited

 

(47,436)

$

57.16

Non-vested at December 31, 2021

 

1,253,321

$

61.66

    

Years Ended

 

December 31,

Additional Award Plan Information – Related to Stock Options & Restricted Stock (thousands)

     

2021

   

2020

    

2019

Equity-based compensation expense

$

26,822

$

23,525

$

18,460

Income tax benefit related to stock options and restricted stock

 

6,314

 

4,211

 

3,026

Capitalized compensation expense related to stock options and restricted stock

 

3,222

 

2,275

 

1,752

Intrinsic value of stock options exercised

 

881

 

841

 

839

Fair value of shares of restricted stock vested

 

35,749

 

25,439

 

20,779