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EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Equity Compensation Expense and Related Income Tax Benefit Recognized The following table summarizes the equity compensation expense and related income tax benefit recognized in the consolidated statements of income (in thousands):
 Years Ended December 31,
 202220212020
Restricted awards:
Pre-tax compensation expense$7,803 $6,349 $5,409 
Tax benefit1,954 1,587 1,379 
Restricted stock expense, net of tax$5,849 $4,762 $4,030 
Performance awards:
Pre-tax compensation expense$4,690 $4,452 $3,503 
Tax benefit1,174 1,113 893 
Performance award expense, net of tax$3,516 $3,339 $2,610 
Schedule of Equity Compensation, Restricted Award Activity The following table summarizes restricted award activity for the year ended December 31, 2022:
Number of
Restricted
Awards (in
thousands)
Weighted-
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period356 $39.27 
Granted313 42.27 
Vested(169)38.46 
Forfeited(8)41.86 
Nonvested at end of period492 41.42 
Schedule of Equity Compensation Performance Award Activity The following table summarizes performance award activity for the year ended December 31, 2022:
Number of
Performance Awards (in
thousands)
Weighted-
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period229 $34.77 
Granted128 39.28 
Vested(68)32.88 
Forfeited— — 
Nonvested at end of period289 37.21 
Schedule of Contributions for Employee Stock Purchase Plan Our contributions for the Purchase Plan were as follows (in thousands):
2022$309 
2021297 
2020283 
Schedule of Contributions and Administrative Expenses Under 401(k) Retirement Savings Plan Salaries, wages and benefits expense in the accompanying consolidated statements of income includes our 401(k) Plan contributions and administrative expenses, which were as follows (in thousands): 
2022$5,921 
20214,904 
20204,748 
Schedule of Accumulated Benefit Obligation and Aggregate Market Value of Life Insurance Policies
The accumulated benefit obligation and aggregate market value of the life insurance policies were as follows (in thousands):
 December 31,
 20222021
Accumulated benefit obligation$10,883 $12,755 
Aggregate market value8,509 10,621