Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Company's Stock Option Plan Activity

A summary of the stock option activity for the three and six months ended June 30, 2024 and 2023 is as follows (option amounts not in thousands):

					Weighted
			Weighted		Average
			Average		Remaining	Aggregate
	Number of		Exercise		Contractual	Intrinsic
	Options		Price		Term	Value
Outstanding at January 1, 2024		590,000	$	51.54	5.9 years	$	21,156
Outstanding at March 31, 2024		590,000	$	51.54	5.6 years	$	38,077
Outstanding at June 30, 2024		590,000	$	51.54	5.4 years	$	23,970
Exercisable at June 30, 2024		590,000	$	51.54	5.4 years	$	23,970
Outstanding at January 1, 2023		440,000	$	45.25	5.6 years	$	—
Outstanding at March 31, 2023		440,000	$	45.25	5.3 years	$	3,146
Outstanding at June 30, 2023		440,000	$	45.25	5.1 years	$	7,863
Exercisable at June 30, 2023		412,500	$	45.07	5.0 years	$	7,447

Information with Respect to Unvested Restricted Stock Awards and Incentive Plan

Information with respect to the activity of unvested restricted stock awards during the three and six months ended June 30, 2024 and 2023 is as follows:

	Number of			Weighted
	Restricted			Average
	Stock			Grant Date
	Awards			Fair Value
Nonvested at January 1, 2024		271,417		$	37.12
Vested		(29,690	)	$	56.05
Forfeited		(200	)	$	51.87
Nonvested at March 31, 2024		241,527		$	34.78
Granted		204,500		$	79.33
Vested		(19,637	)	$	48.17
Forfeited		(3,500	)	$	34.58
Nonvested at June 30, 2024		422,890		$	55.70
Nonvested at January 1, 2023		342,459		$	39.86
Granted		6,000		$	51.76
Vested		(40,352	)	$	54.83
Forfeited		(2,125	)	$	40.33
Nonvested at March 31, 2023		305,982		$	38.11
Granted		7,000		$	58.52
Vested		(34,689	)	$	45.56
Forfeited		(295	)	$	55.41
Nonvested at June 30, 2023		277,998		$	37.68

Information about Deferred Tax Benefits Recognized Related to Restricted Stock Awards, Paid Dividends and the Fair Value of Vested Restricted Stock

The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to restricted stock awards and paid dividends, and the fair value of vested restricted stock for the three and six months ended June 30, 2024 and 2023.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Deferred tax benefits recognized	$	61	$	254	$	160	$	517
Tax benefits realized for restricted stock and    paid dividends	$	543	$	521	$	1,054	$	820
Fair value of vested restricted stock	$	946	$	1,580	$	2,610	$	3,793