Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023, 2022 and 2021:

	For the Year Ended December 31,
	2023		2022		2021
(in thousands)
Awards to key employees	$	6,716	$	5,479	$	5,163
Awards to non-employee directors	906		959		782
Total compensation expense	7,622		6,438		5,945
Less: tax benefit	(1,947)		(1,663)		(1,535)
Share-based compensation amounts included in net income	$	5,675	$	4,775	$	4,410

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:

	For the Year Ended December 31,
	2023		2022		2021
(amounts in thousands, except shares)
Shares withheld to satisfy tax obligations	19,859		21,832		14,020
Amounts remitted to tax authorities to satisfy obligations	$	2,455	$	2,838	$	1,478

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, 2021	197,398	$	94.15
Granted	69,620	117.61
Vested	(60,191)	90.60
Expired	(2,678)	91.42
Outstanding — December 31, 2022	204,149	103.17
Granted	80,820	126.06
Vested	(68,302)	91.59
Expired	(2,053)	94.64
Forfeited	(1,490)	113.44
Outstanding — December 31, 2023	213,124	$	117.74