XML 55 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
EQUITY COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2024
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,
 202420232022
Restricted awards:
Pre-tax compensation expense$9,212 $10,229 $7,803 
Tax benefit2,349 2,634 1,954 
Restricted stock expense, net of tax$6,863 $7,595 $5,849 
Performance awards:
Pre-tax compensation expense (benefit)$(348)$1,723 $4,690 
Tax benefit (expense)(89)444 1,174 
Performance award expense (benefit), net of tax$(259)$1,279 $3,516 
Schedule of Equity Compensation, Restricted Award Activity The following table summarizes restricted award activity for the year ended December 31, 2024:
Number of
Restricted
Awards 
(in thousands)
Weighted-
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period444 $43.15 
Granted296 39.70 
Vested(202)43.01 
Forfeited(17)42.89 
Nonvested at end of period521 41.25 
Schedule of Equity Compensation Performance Award Activity The following table summarizes performance award activity for the year ended December 31, 2024:
Number of
Performance Awards
(in thousands)
Weighted-
Average Grant
Date Fair
Value ($)
Nonvested at beginning of period280 $42.15 
Granted106 40.05 
Vested(109)38.34 
Forfeited(89)42.47 
Nonvested at end of period188 42.24 
Schedule of Contributions for Employee Stock Purchase Plan Our contributions for the Purchase Plan were as follows (in thousands):
2024$358 
2023349 
2022309 
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): 
2024$6,407 
20236,351 
20225,921 
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,
 20242023
Accumulated benefit obligation$15,797 $13,843 
Aggregate market value12,552 10,635