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Stock Options And Restricted Stock Awards (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity and Weighted Average Exercise Price

A summary of stock option activity and weighted average exercise price for the year ended December 31, 2021:

 

 

 

Options

(Amounts in

Thousands)

 

 

Weighted

Average

Exercise Price

 

Outstanding, beginning of period

 

 

506

 

 

$

39.30

 

Granted

 

 

23

 

 

 

90.87

 

Exercised

 

 

(33

)

 

 

34.07

 

Forfeited/Cancelled

 

 

(3

)

 

 

40.28

 

Outstanding, end of period

 

 

493

 

 

$

41.77

 

 

Weighted-Average Estimated Fair Value of Employee Stock Options Granted

The weighted-average estimated fair value of employee stock options granted was calculated using the Black-Scholes Option Pricing Model in 2021 and 2019. The Company did not grant any stock options in 2020. The related assumptions follow:

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Grants

 

 

Grants

 

 

Grants

 

Weighted average fair value

 

$

32.71

 

 

$

 

 

$

29.78

 

Risk-free discount rate

 

0.65%

 

 

 

 

 

1.72% - 2.29%

 

Expected life

 

4.1 years

 

 

 

 

 

4.2 - 4.4 years

 

Dividend yield

 

 

 

 

 

 

 

 

 

Volatility

 

45%

 

 

 

 

 

43%

 

 

Summary of Unvested Restricted Stock Awards and Weighted Average Grant Date Fair Value

A summary of unvested restricted stock awards activity and weighted average grant date fair value for the year ended December 31, 2021:

 

 

 

Restricted

Stock

Awards

(Amounts in

Thousands)

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested restricted stock awards, beginning of period

 

 

154

 

 

$

83.30

 

Awarded

 

 

89

 

 

 

115.70

 

Vested

 

 

(76

)

 

 

74.42

 

Forfeited

 

 

(7

)

 

 

101.17

 

Unvested restricted stock awards, end of period

 

 

160

 

 

$

104.91