Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Compensation Amounts Included in Net Income

The table below presents the amounts included in net income related to share-based compensation expense for the awards granted under the SICP for the years ended December 31, 2022, 2021 and 2020:

	For the Year Ended December 31,
	2022		2021		2020
(in thousands)
Awards to non-employee directors	$	959	$	782	$	733
Awards to key employees	5,479		5,163		4,096
Total compensation expense	6,438		5,945		4,829
Less: tax benefit	(1,663)		(1,535)		(1,254)
Share-based compensation amounts included in net income	$	4,775	$	4,410	$	3,575

Cash Proceeds Received and Tax Benefit from Share-based Payment Awards [Table Text Block]

The below table presents the number of shares withheld /and amounts remitted to taxing authorities:

	For the Year Ended December 31,
	2022		2021		2020
(amounts except shares, in thousands)
Shares withheld to satisfy tax obligations	21,832		14,020		10,319
Amounts remitted to tax authorities to satisfy obligations	$	2,838	$	1,478	$	977

SICP Awards to Key Employees

Summary of Stock Activity Non-employee directors

The table below presents the summary of the stock activity for awards to all officers:

	Number of Shares	Weighted Average Fair Value
Outstanding — December 31, 2020	186,878	$	87.06
Granted	69,903	100.76
Vested	(53,147)	76.31
Expired	(852)	74.85
Forfeited (1)	(5,384)	93.39
Outstanding — December 31, 2021	197,398	94.15
Granted	69,620	117.61
Vested	(60,850)	90.60
Expired	(2,678)	91.42
Outstanding — December 31, 2022	203,490	$	103.06