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Stock-Based Compensation and Directors Stock Purchase Plan (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Summary Of The Status Of Nonvested Share Awards
Nonvested Restricted Stock Awards
Nonvested stock is awarded to key employees by action of the Company's Compensation and Human Resources Committee and Board of Directors. These awards generally vest after 4 to 7 years of continued employment, but vesting terms may vary according to the specifics of the individual grant agreement. There are restrictions as to transferability, sale, pledging, or assigning, among others, prior to the end of the vesting period. Dividend and voting rights are conferred upon grant of restricted stock awards. A summary of the status of the Company’s nonvested share awards as of December 31, 2021 and changes during the year then ended is presented below.

 

Shares
Weighted Average Grant Date Fair Value
Nonvested at January 1, 20211,154,573 $49.63 
Granted253,422 68.50 
Vested(258,136)41.49 
Forfeited(29,368)55.75 
Nonvested at December 31, 20211,120,491 $55.58 
Summary Of SAR Activity
(Dollars in thousands, except per share data)
SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding at January 1, 20211,055,767 $42.81 
Granted
75,943 69.44 
Forfeited
(8,391)56.80 
Expired
(485)55.35 
Exercised
(226,486)37.73 
Outstanding at December 31, 2021
896,348 $46.21 5.7years$20,327 
Exercisable at December 31, 2021
582,072 $40.18 4.7years$16,624 
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Table Text Block]
202120202019
Weighted per share average fair value at grant date$15.98 $9.18 $10.30 
Assumptions:
Dividend yield
1.4 %1.7 %1.7 %
Volatility
28.2 %20.2 %19.8 %
Risk-free interest rate
.7 %1.0 %2.6 %
Expected term
5.7 years5.8 years6.0 years
Schedule Of Additional Information About Stock Options and SARs Exercises
Additional information about SARs exercised is presented below.

(In thousands)202120202019
Intrinsic value of SARs exercised
$7,664 $6,278 $7,109 
Tax benefit realized SARs exercised
$1,488 $1,252 $1,385