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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Non-Vested Restricted Stock Activity

The following table summarizes the non-vested restricted stock activity for the year ended December 31, 2022:

 

 

 

 

 

Time-Based

 

 

 

 

 

Performance-Based

 

 

 

 

 

Restricted Stock

 

 

 

 

 

Restricted Stock

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

Time-Based

 

 

Average

 

 

Performance-Based

 

 

Average

 

 

Restricted Stock

 

 

Grant Date

 

 

Restricted Stock

 

 

Grant Date

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested January 1, 2022

 

905,367

 

 

$

59.00

 

 

 

128,954

 

 

$

54.45

 

Granted

 

214,672

 

 

$

82.91

 

 

 

55,794

 

 

$

80.87

 

Vested

 

(272,410

)

 

$

55.02

 

 

 

(8,000

)

 

$

37.20

 

Forfeited

 

(117,409

)

 

$

60.59

 

 

 

(22,898

)

 

$

59.31

 

Non-vested at December 31, 2022

 

730,220

 

 

$

67.22

 

 

 

153,850

 

 

$

64.20

 

Schedule of Restricted Stock Granted

The following table summarizes the restricted stock granted during the respective years:

 

Time-based restricted stock grants

2022

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

Employees

 

191,644

 

 

 

510,017

 

 

 

312,855

 

Outside directors

 

23,028

 

 

 

24,563

 

 

 

26,341

 

Total

 

214,672

 

 

 

534,580

 

 

 

339,196

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value

$

82.91

 

 

$

66.02

 

 

$

52.07

 

 

 

 

 

 

 

 

 

 

Vesting period

1-5 years

 

 

1-5 years

 

 

1-5 years