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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Valuation Assumptions
The following table illustrates the valuation assumptions used for the 2023 and 2022 stock option grants:
20232022
Expected volatility35 %
34 - 34%
Weighted-average expected volatility35 %34 %
Expected dividend yield1.6 %
1.2 - 1.2%
Weighted-average expected dividend yield1.6 %1.2 %
Expected term, in years55
Risk-free interest rate
4.2 - 4.2%
1.9 - 1.9%
Schedule of Activity for Stock Option Awards
The following table summarizes the activity during the year ended December 31, 2024 for stock option awards:
SharesWeighted-Average Exercise
Price
Outstanding at beginning of year642,431$70.43 
Granted— 
Exercised(340,027)68.88 
Forfeited— 
Expired— 
Outstanding at end of year302,404$72.18 
Exercisable at end of year247,575$71.59 
Schedule of Activity for Nonvested Restricted Share Awards
The following table summarizes the activity during the year ended December 31, 2024 for nonvested restricted share awards:
SharesWeighted-Average Grant Date Fair
Value
Nonvested at beginning of year84,966$63.48 
Granted28,753110.16 
Vested(27,514)59.92 
Forfeited— 
Nonvested at end of year86,205$80.18 
Schedule of Activity for Nonvested Performance Share Awards
The following table summarizes the activity during the year ended December 31, 2024 for nonvested performance share awards:
SharesWeighted-Average Grant Date Fair
Value
Nonvested at beginning of year153,148$76.44 
Granted50,846108.97 
Vested(51,712)79.30 
Forfeited(2,665)107.73 
Nonvested at end of year149,617$85.94 
Schedule of Activity for Nonvested Restricted Stock Units
The following table summarizes the activity during the year ended December 31, 2024 for nonvested restricted stock units:
SharesWeighted-Average Grant Date Fair
Value
Nonvested at beginning of year129,219$73.89 
Granted52,357106.54 
Vested(30,443)73.30 
Forfeited(18,990)86.99 
Nonvested at end of year132,143$85.08