Stock Award Plans

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Stock Award Plans

(7) Stock Award Plans

The compensation cost that has been charged against earnings for the Company’s stock award plans and the income tax benefit recognized in the statement of earnings for stock awards were as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Compensation cost	$	5,965	$	5,722
Income tax benefit	$	1,557	$	1,272

During the three months ended March 31, 2022, the Company granted 197,850 restricted stock units (“RSUs”) to selected officers and other key employees under the employee stock award plan which vest ratably over five years.

During May 2022, the Company granted 27,696 shares of restricted stock to nonemployee directors of the Company under the director stock plan, the majority of which vest six months after the date of grant.