Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Accounting Standards Update and Change in Accounting Principle

The following financial statement line items in the Company's Consolidated Balance Sheet as of December 31, 2020 was adjusted as follows:

Consolidated Balance Sheets	December 31, 2020
(in thousands)	As Originally Reported		Effect of Change		As Adjusted
Inventories, net	$	229,971	$	12,530	$	242,501
Deferred income taxes (liability)	19,642		3,170		22,812
Retained earnings	550,826		9,360		560,186

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company calculated the fair value for options with the following weighted-average assumptions for 2021, 2020, and 2019:

Fair Value Calculation Assumptions for Stock Compensation
	December 31,
	2021		2020		2019
Risk-free interest rate	1.25	%	1.22	%	2.43	%
Dividend yield	0.4	%	0.5	%	0.5	%
Volatility factors	33.9	%	30.0	%	31.2	%
Weighted-average expected life	8.0 years		8.0 years		8.0 years