Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Stock Based Compensation [Abstract]

Schedule of Share based Payment Award Restricted Stock Valuation Assumptions

The following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended December 31, 2022, 2021 and 2020:

	2022	2021	2020
Risk free rate	1.010%	0.161%	1.603%
Dividend yield	2.024%	3.341%	3.070%
Volatility	25.84%	28.04%	17.02%
Requisite service period	3 years	3 years	3 years

Nonvested Restricted Stock Shares Activity

A summary of the status of the nonvested restricted shares as of December 31, 2022, and the changes for the year ended December 31, 2022, is presented below:

Nonvested Shares	Shares			Weighted Average Grant-Date Fair Value
Nonvested as of January 1, 2022		161,896		$	115.70
Issued		160,638			91.21
Vested		(195,526	)		82.04
Forfeited		(1,243	)		130.46
Nonvested as of December 31, 2022		125,765		$	136.60