STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Summary of total shares granted, forfeited and delivered

Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to participants with the related weighted average grant date fair value share prices.  Of the shares that vested in the three months ended March 31, 2022, the Company withheld 34,251 shares to satisfy the tax obligations for those participants who elected this option as permitted under the applicable equity plan.  As of the grant dates, the fair value of shares that were granted during the three months ended March 31, 2022 was $7,013,000. As of the vesting dates, the aggregate fair value of shares that vested during the three months ended March 31, 2022 was $17,124,000.

Award Activity:	Three Months Ended March 31, 2022
	Shares	Weighted Average Grant Date Fair Value
Unvested at beginning of period	106,212	$	116.38
Granted (1) (2)	60,120	116.65
Forfeited	—	—
Vested	(80,565)	102.42
Unvested at end of period	85,767	$	129.68

(1) Includes shares granted in prior years for which performance conditions have been satisfied and the number of shares have been determined.

(2) Does not include the restricted shares that may be earned if the performance goals established in 2020 and 2021 for long-term performance and in 2022 for annual and long-term performance are achieved. Depending on the actual level of achievement of the goals at the end of the open performance periods, the number of shares earned could range from zero to 105,485.