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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Option Activity

Weighted

Aggregate

Weighted

Average

Intrinsic

Average

Remaining

Value

 

Options

 

Exercise Price

 

Contractual Life

 

(in 000’s)

Outstanding options at January 1, 2023

1,695,660

$

82.42

Options granted

26,000

131.78

Options exercised

(142,634)

55.30

Outstanding options at March 31, 2023

1,579,026

$

85.68

4.90

$

74,575

Exercisable options at March 31, 2023

685,407

$

71.23

3.52

$

42,273

Summary of Weighted Average Grant-date Assumptions and Weighted Average Fair Values

 

2023

 

2022

Weighted-average fair value of grants

$

27.04

$

17.28

Risk-free interest rates

4.22

%

1.20

%

Dividend yield

2.54

%

2.01

%

Expected volatility

22.93

%

22.79

%

Expected option life

5.01

years 

5.01

years

Schedule of Restricted Stock Units Activity

Weighted

Average

Grant Date

 

RSUs

 

Fair Value

Nonvested at January 1, 2023

44,208

$

109.51

Granted

1,600

133.50

Reinvested

92

129.54

Nonvested at March 31, 2023

45,900

$

110.39