XML 51 R36.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Option Activity
Stock option activity for the year ended December 31, 2021 were as follows:
Number
of Stock Options
Weighted-
Average
Exercise
Price Per Share
Weighted-Average Remaining Contractual Life (Years)Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2021380,143 $35.46 
Granted— $— 
Exercised(48,769)$35.53 
Expired(3,634)$36.49 
Forfeited(9,961)$39.72 
Outstanding at December 31, 2021317,779 $35.30 5.7$3,460 
Exerciseable at December 31, 2021258,174 $33.75 5.3$3,211 
Schedule of Nonvested Options Activity
Changes in nonvested stock options for the year ended December 31, 2021 were as follows:
Number of Stock OptionsWeighted-
Average
Grant
Date Fair Value
Nonvested at January 1, 2021191,677 $14.73 
     Granted— $— 
     Vested(122,111)$14.10 
     Forfeited(9,961)$15.32 
Nonvested at December 31, 202159,605 $15.93 
Schedule of Assumptions Used The assumptions used to compute the fair value of stock option grants under the Stock Incentive Plans for years ended December 31, 2021, 2020, and 2019 were as follows:
Years Ended December 31,
202120202019
Risk-free interest rateN/A1.59 %1.92 %
Expected volatilityN/A37.75 %40.44 %
Expected dividendsN/A— — 
Expected term (in months)N/A6660
The weighted-average assumptions used to determine the net periodic benefit costs under the two plans were as follows:

Years Ended December 31,
202120202019
Discount rate used to determine pension expense
Pension Plan2.50%3.22%4.23%
LaBarge Retirement Plan1.85%2.85%4.00%

The weighted-average assumptions used to determine the benefit obligations under the two plans were as follows:

December 31,
202120202019
Discount rate used to determine value of obligations
Pension Plan2.85%2.50%3.22%
LaBarge Retirement Plan2.35%1.85%2.85%
Long-term rate of return - Pension Plan only6.25%6.25%7.00%
Schedule of Restricted Stock Units Activity
Restricted stock unit activity for the year ended December 31, 2021 was as follows:
Number of Restricted Stock UnitsWeighted-
Average
Grant
Date Fair Value
Outstanding at January 1, 2021165,907 $30.70 
     Granted118,995 $55.92 
     Vested(74,958)$31.61 
     Forfeited(7,662)$40.08 
Outstanding at December 31, 2021202,282 $44.85 
Schedule of Performance-based Units Activity
Performance stock activity for the year ended December 31, 2021 was as follows:
Number of Performance Stock UnitsWeighted-
Average
Grant
Date Fair Value
Outstanding at January 1, 2021288,954 $31.95 
     Granted182,886 $49.76 
     Vested(172,277)$33.76 
     Forfeited— $— 
Outstanding at December 31, 2021299,563 $41.16