SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Weighted-Average Assumptions Used To Estimate the Fair Value of Options Granted

The following table presents the weighted-average assumptions used to estimate the fair value of options granted in 2023, 2022 and 2021:

	2023		2022		2021
Expected annual dividend yield	2.5	%	2.0	%	1.4	%
Risk-free interest rate	4.06	%	1.85	%	0.75	%
Expected volatility	49.9	%	52.8	%	51.9	%
Expected life in years	4.8		5.0		5.0

Schedule of Outstanding and Exercisable Options

The following table summarizes information concerning outstanding and exercisable options:

	Weighted Average
	2023				2022				2021
	Shares		Weighted Avg. Exercise Price		Shares		Weighted Avg. Exercise Price		Shares		Weighted Avg. Exercise Price
Outstanding at beginning of year	509,212		$	25.65	463,304		$	24.28	661,024		$	19.78
Granted	80,976		$	28.99	79,025		$	32.65	110,112		$	38.02
Exercised	(25,967)		$	20.25	(29,917)		$	22.87	(196,639)		$	15.37
Canceled or expired	(22,564)		$	33.01	(3,200)		$	26.61	(111,193)		$	26.87
Outstanding at end of year	541,657		$	26.10	509,212		$	25.65	463,304		$	24.28
Options exercisable at year end	333,796				297,889				223,158
Weighted average fair value per option granted during the year	$	11.30			$	13.07			$	18.50

Schedule of Options Vested and Exercisable or Nonvested, Expected to Vest (Nonvested Outstanding Less Expected Forfeitures)

The following table summarizes information about options vested and exercisable or non-vested that are expected to vest (non-vested outstanding less expected forfeitures) at December 31, 2023:

Range of Exercise Prices					Options Outstanding and Exercisable	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value (in millions)
$	5.00	to	$	15.00	41,500	$	5.91	2.74	$	1.4
$	15.01	to	$	25.00	299,579	$	23.55	5.25	4.6
$	25.01	to	$	35.00	149,988	$	30.86	8.60	1.2
$	35.01	to	$	45.00	50,590	$	43.64	7.24	0.0
$	5.00	to	$	45.00	541,657	$	26.10	6.17	$	7.2

Schedule of Unvested Stock Options

The following table reflects the activity for all unvested stock options during 2023:

	Shares	Weighted Average Grant- Date Fair Value
Unvested at January 1, 2023	211,323	$	12.84
Granted	80,976	$	11.30
Vested	(65,686)	$	12.79
Forfeited	(18,752)	$	12.47
Unvested at December 31, 2023	207,861	$	12.29

Schedule of Restricted Stock Award Activity

The following table reflects the activity for restricted stock awards, excluding the restricted stock issued to Directors (in millions, except shares data):

Year Granted	Shares Granted	Outstanding at December 31, 2023	Rights to Cash Dividend	Other Participation Rights	Performance Award	Compensation Expense
						Year Ended December 31,
						2023		2022		2021
2019	30,251	6,050	Yes	None	No	0.0		0.1		0.1
2019	149,412	0	Yes	None	Yes	0.0		0.3		0.1
2020	28,272	7,068	Yes	None	No	0.1		0.1		0.2
2020	43,330	0	Yes	None	Yes	(0.1)		0.1		0.1
2021	25,371	12,685	Yes	None	No	0.2		0.3		0.4
2021	32,874	7,836	Yes	None	Yes	(0.1)		0.2		0.3
2022	60,808	36,267	Yes	None	No	0.5		0.8		0.0
2022	32,875	20,544	Yes	None	Yes	0.0		0.6		0.0
2023	81,127	78,592	Yes	None	No	0.9		0.0		0.0
2023	56,222	51,150	Yes	None	Yes	0.0		0.0		0.0
					Total	$	1.5	$	2.5	$	1.2

Schedule of Nonvested Restricted Stock Shares Activity

The following table reflects the activity for all unvested restricted stock during 2023:

	Shares	Weighted Average Grant- Date Fair Value
Unvested at January 1, 2023	149,225	$	33.24
Granted	145,513	$	27.50
Vested	(38,971)	$	31.79
Forfeited	(22,914)	$	29.87
Unvested at December 31, 2023	232,853	$	30.22