Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, 2023 and 2022:

	2024	2023	2022
Risk free rate	4.158%	4.096%	1.010%
Dividend yield	4.449%	3.550%	2.024%
Volatility	22.87%	28.99%	25.84%
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, 2024, and the changes for the year ended December 31, 2024, is presented below:

Nonvested Shares	Shares			Weighted Average Grant-Date Fair Value
Nonvested as of January 1, 2024		96,430		$	172.18
Issued		137,412			112.03
Vested		(126,757	)		115.84
Forfeited		(82	)		164.24
Nonvested as of December 31, 2024		107,003		$	161.68