Pay vs Performance Disclosure - USD ($)
|
12 Months Ended |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Pay vs Performance Disclosure |
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Pay vs Performance Disclosure, Table |
The following table shows the past four fiscal years’ total compensation for our named executive officers as set forth in the Summary Compensation Table, the total compensation actually paid (“CAP”) to our named executive officers, our total shareholder return, our peer group’s total shareholder return over the same period, our net income, and our operating profit as it is defined for our Executive Bonus Plan. Fiscal Year 2023 Pay versus Performance Table
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Summary compensation table total for CEO (1) ($) |
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Compensation actually paid to CEO (3) ($) |
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Average summary compensation table total for other NEOs (2) ($) |
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Average compensation actually paid to other NEOs (3) ($) |
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Total shareholder return (4) ($) |
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Peer group total shareholder return (4) ($) |
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Net income (in thousands) ($) |
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Operating Profit (5) (in thousands) ($) |
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|
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|
3,195,097 |
|
|
|
3,276,771 |
|
|
|
1,379,383 |
|
|
|
1,653,526 |
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|
|
122.96 |
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|
|
128.28 |
|
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|
388,864 |
|
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493,000 |
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|
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2,090,768 |
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2,185,637 |
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1,157,780 |
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1,210,032 |
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68.64 |
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111.65 |
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279,538 |
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|
363,000 |
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2,469,929 |
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2,017,197 |
|
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1,280,518 |
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|
1,089,491 |
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|
73.56 |
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|
148.60 |
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190,908 |
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|
266,000 |
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3,149,426 |
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|
1,847,089 |
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1,452,162 |
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905,376 |
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|
83.52 |
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116.33 |
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270,568 |
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319,000 |
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(1) |
The amounts in this column reflect the summary compensation table totals for Mr. Gottwald for fiscal years 2023, 2022, 2021 and 2020. |
(2) |
The amounts in this column reflect the average summary compensation totals for our non-CEO NEOs. For 2023 this includes Messrs. Paliotti, Hazelgrove, Jewett and Skrobacz, for 2022 and 2021 this includes Mrs. Regina A. Harm and Messrs. Paliotti, Hazelgrove and Jewett. For 2020, this includes Mrs. Harm, Messrs. Paliotti, Hazelgrove and Rudolph M. West. |
(3) |
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation “actually paid” as reported in the Pay versus Performance table. The following tables detail these adjustments: |
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Summary Compensation Table Total ($) |
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Deduct Reported Change in Actuarial Present Value of Pension Benefits (a) ($) |
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Add Pension Benefit Adjustments (b) ($) |
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Deduct Reported Value of Equity Awards (c) ($) |
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Add Equity Award Adjustments (d) ($) |
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Compensation Actually Paid ($) |
|
2023 |
|
CEO |
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3,195,097 |
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916,567 |
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125,008 |
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302,280 |
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1,175,513 |
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3,276,771 |
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Other NEOs |
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1,379,383 |
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221,070 |
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42,217 |
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202,236 |
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655,232 |
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1,653,526 |
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2022 |
|
CEO |
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2,090,768 |
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0 |
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163,143 |
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250,428 |
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182,154 |
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2,185,637 |
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Other NEOs |
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1,157,780 |
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0 |
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94,788 |
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193,470 |
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150,934 |
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1,210,032 |
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2021 |
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CEO |
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2,469,929 |
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528,260 |
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223,648 |
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258,096 |
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109,976 |
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2,017,197 |
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Other NEOs |
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1,280,518 |
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193,093 |
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93,694 |
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198,990 |
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107,362 |
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1,089,491 |
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2020 |
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CEO |
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3,149,426 |
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1,132,717 |
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258,645 |
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253,766 |
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(471,276 |
) |
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1,550,312 |
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Other NEOs |
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1,452,162 |
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383,722 |
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109,136 |
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196,565 |
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(75,635 |
) |
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905,376 |
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(a) |
The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. |
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(b) |
The total pension value adjustments for each applicable year include the aggregate of two components: (i) the actuarially determined service cost for services rendered by the executive during the applicable year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension value adjustments are as follows: |
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Total Pension Value Adjustment ($) |
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2023 |
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CEO |
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125,008 |
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0 |
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125,008 |
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Other NEOs |
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42,217 |
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0 |
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42,217 |
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2022 |
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CEO |
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163,143 |
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0 |
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163,143 |
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Other NEOs |
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94,788 |
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0 |
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94,788 |
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2021 |
|
CEO |
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223,648 |
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0 |
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223,648 |
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Other NEOs |
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93,694 |
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0 |
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93,694 |
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2020 |
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CEO |
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258,645 |
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0 |
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258,645 |
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Other NEOs |
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109,136 |
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0 |
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109,136 |
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(c) |
The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year. |
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(d) |
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: |
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(i) |
the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; |
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(ii) |
the amount of change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; |
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(iii) |
for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; |
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(iv) |
for awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year); |
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(v) |
for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and |
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(vi) |
the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. |
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The amounts deducted or added in calculating the equity award adjustments are as follows: |
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Year end fair value of equity awards granted during the year ($) |
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Year over year change in fair value of outstanding and unvested equity awards
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Fair value as of vesting date of equity awards granted and vested in the year
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Year over year change in fair value of equity awards granted in prior years that vested in the year ($) |
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Fair value at the end of the prior
year of equity awards that failed to meet vesting conditions in the year ($) |
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Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation ($) |
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Total equity award adjustments ($) |
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2023 |
|
CEO |
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480,330 |
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630,927 |
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0 |
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32,595 |
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0 |
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31,661 |
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1,175,513 |
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Other NEOs |
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321,357 |
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298,505 |
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0 |
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19,137 |
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0 |
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16,233 |
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655,232 |
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2022 |
|
CEO |
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248,266 |
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(96,885 |
) |
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0 |
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0 |
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0 |
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30,773 |
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182,154 |
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Other NEOs |
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191,799 |
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(59,261 |
) |
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0 |
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|
0 |
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|
0 |
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18,396 |
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150,934 |
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2021 |
|
CEO |
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224,482 |
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(133,924 |
) |
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0 |
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|
0 |
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|
0 |
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19,418 |
|
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|
109,976 |
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Other NEOs |
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173,074 |
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(76,117 |
) |
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|
0 |
|
|
|
0 |
|
|
|
0 |
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|
10,406 |
|
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|
107,362 |
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|
|
|
|
|
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2020 |
|
CEO |
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|
242,957 |
|
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|
(158,814 |
) |
|
|
0 |
|
|
|
(258,642 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(174,499 |
) |
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Other NEOs |
|
|
188,192 |
|
|
|
(110,089 |
) |
|
|
0 |
|
|
|
(153,738 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(75,635 |
) |
(4) |
Total shareholder return (TSR) is determined based on the value of an initial fixed investment of $100. The peer group TSR represents cumulative, weighted TSR of the S&P 1500 Specialty Chemicals Index |
(5) |
The 2023 operating profit of approximately $493 million is based on our 2023 operating profit (calculated in accordance with GAAP) of $483 million, excluding a charge of $10 million for the bonus expense. The 2022 operating profit of approximately $363 million is based on our 2022 operating profit (calculated in accordance with GAAP) of $355 million, excluding a charge of $8 million for the bonus expense. The 2021 operating profit of approximately $266 million is based on our 2021 operating profit (calculated in accordance with GAAP) of $258 million, excluding a charge of $8 million for the bonus expense. The 2020 operating profit of approximately $319 million is based on our 2020 operating profit (calculated in accordance with GAAP) of $312 million, excluding a charge of $ 7 million for the bonus expense . |
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Company Selected Measure Name |
operating profit
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Named Executive Officers, Footnote |
The amounts in this column reflect the average summary compensation totals for our non-CEO NEOs. For 2023 this includes Messrs. Paliotti, Hazelgrove, Jewett and Skrobacz, for 2022 and 2021 this includes Mrs. Regina A. Harm and Messrs. Paliotti, Hazelgrove and Jewett. For 2020, this includes Mrs. Harm, Messrs. Paliotti, Hazelgrove and Rudolph M. West.
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Peer Group Issuers, Footnote |
The peer group TSR represents cumulative, weighted TSR of the S&P 1500 Specialty Chemicals Index
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|
PEO Total Compensation Amount |
$ 3,195,097
|
$ 2,090,768
|
$ 2,469,929
|
$ 3,149,426
|
PEO Actually Paid Compensation Amount |
$ 3,276,771
|
2,185,637
|
2,017,197
|
1,847,089
|
Adjustment To PEO Compensation, Footnote |
(3) |
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation “actually paid” as reported in the Pay versus Performance table. The following tables detail these adjustments: |
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Summary Compensation Table Total ($) |
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Deduct Reported Change in Actuarial Present Value of Pension Benefits (a) ($) |
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Add Pension Benefit Adjustments (b) ($) |
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Deduct Reported Value of Equity Awards (c) ($) |
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Add Equity Award Adjustments (d) ($) |
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Compensation Actually Paid ($) |
|
2023 |
|
CEO |
|
|
3,195,097 |
|
|
|
916,567 |
|
|
|
125,008 |
|
|
|
302,280 |
|
|
|
1,175,513 |
|
|
|
3,276,771 |
|
|
|
Other NEOs |
|
|
1,379,383 |
|
|
|
221,070 |
|
|
|
42,217 |
|
|
|
202,236 |
|
|
|
655,232 |
|
|
|
1,653,526 |
|
|
|
|
|
|
|
|
|
2022 |
|
CEO |
|
|
2,090,768 |
|
|
|
0 |
|
|
|
163,143 |
|
|
|
250,428 |
|
|
|
182,154 |
|
|
|
2,185,637 |
|
|
|
Other NEOs |
|
|
1,157,780 |
|
|
|
0 |
|
|
|
94,788 |
|
|
|
193,470 |
|
|
|
150,934 |
|
|
|
1,210,032 |
|
|
|
|
|
|
|
|
|
2021 |
|
CEO |
|
|
2,469,929 |
|
|
|
528,260 |
|
|
|
223,648 |
|
|
|
258,096 |
|
|
|
109,976 |
|
|
|
2,017,197 |
|
|
|
Other NEOs |
|
|
1,280,518 |
|
|
|
193,093 |
|
|
|
93,694 |
|
|
|
198,990 |
|
|
|
107,362 |
|
|
|
1,089,491 |
|
|
|
|
|
|
|
|
|
2020 |
|
CEO |
|
|
3,149,426 |
|
|
|
1,132,717 |
|
|
|
258,645 |
|
|
|
253,766 |
|
|
|
(471,276 |
) |
|
|
1,550,312 |
|
|
|
Other NEOs |
|
|
1,452,162 |
|
|
|
383,722 |
|
|
|
109,136 |
|
|
|
196,565 |
|
|
|
(75,635 |
) |
|
|
905,376 |
|
|
(a) |
The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. |
|
(b) |
The total pension value adjustments for each applicable year include the aggregate of two components: (i) the actuarially determined service cost for services rendered by the executive during the applicable year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension value adjustments are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Pension Value Adjustment ($) |
|
2023 |
|
CEO |
|
|
125,008 |
|
|
|
0 |
|
|
|
125,008 |
|
|
|
Other NEOs |
|
|
42,217 |
|
|
|
0 |
|
|
|
42,217 |
|
|
|
|
|
|
2022 |
|
CEO |
|
|
163,143 |
|
|
|
0 |
|
|
|
163,143 |
|
|
|
Other NEOs |
|
|
94,788 |
|
|
|
0 |
|
|
|
94,788 |
|
|
|
|
|
|
2021 |
|
CEO |
|
|
223,648 |
|
|
|
0 |
|
|
|
223,648 |
|
|
|
Other NEOs |
|
|
93,694 |
|
|
|
0 |
|
|
|
93,694 |
|
|
|
|
|
|
2020 |
|
CEO |
|
|
258,645 |
|
|
|
0 |
|
|
|
258,645 |
|
|
|
Other NEOs |
|
|
109,136 |
|
|
|
0 |
|
|
|
109,136 |
|
|
(c) |
The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year. |
|
(d) |
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: |
|
(i) |
the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; |
|
(ii) |
the amount of change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; |
|
(iii) |
for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; |
|
(iv) |
for awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year); |
|
(v) |
for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and |
|
(vi) |
the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. |
|
|
The amounts deducted or added in calculating the equity award adjustments are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year end fair value of equity awards granted during the year ($) |
|
|
Year over year change in fair value of outstanding and unvested equity awards
|
|
|
Fair value as of vesting date of equity awards granted and vested in the year
|
|
|
Year over year change in fair value of equity awards granted in prior years that vested in the year ($) |
|
|
Fair value at the end of the prior
year of equity awards that failed to meet vesting conditions in the year ($) |
|
|
Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation ($) |
|
|
Total equity award adjustments ($) |
|
2023 |
|
CEO |
|
|
480,330 |
|
|
|
630,927 |
|
|
|
0 |
|
|
|
32,595 |
|
|
|
0 |
|
|
|
31,661 |
|
|
|
1,175,513 |
|
|
|
Other NEOs |
|
|
321,357 |
|
|
|
298,505 |
|
|
|
0 |
|
|
|
19,137 |
|
|
|
0 |
|
|
|
16,233 |
|
|
|
655,232 |
|
|
|
|
|
|
|
|
|
|
2022 |
|
CEO |
|
|
248,266 |
|
|
|
(96,885 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
30,773 |
|
|
|
182,154 |
|
|
|
Other NEOs |
|
|
191,799 |
|
|
|
(59,261 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
18,396 |
|
|
|
150,934 |
|
|
|
|
|
|
|
|
|
|
2021 |
|
CEO |
|
|
224,482 |
|
|
|
(133,924 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
19,418 |
|
|
|
109,976 |
|
|
|
Other NEOs |
|
|
173,074 |
|
|
|
(76,117 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
10,406 |
|
|
|
107,362 |
|
|
|
|
|
|
|
|
|
|
2020 |
|
CEO |
|
|
242,957 |
|
|
|
(158,814 |
) |
|
|
0 |
|
|
|
(258,642 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(174,499 |
) |
|
|
Other NEOs |
|
|
188,192 |
|
|
|
(110,089 |
) |
|
|
0 |
|
|
|
(153,738 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(75,635 |
) |
|
|
|
|
Non-PEO NEO Average Total Compensation Amount |
$ 1,379,383
|
1,157,780
|
1,280,518
|
1,452,162
|
Non-PEO NEO Average Compensation Actually Paid Amount |
$ 1,653,526
|
1,210,032
|
1,089,491
|
905,376
|
Adjustment to Non-PEO NEO Compensation Footnote |
(3) |
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation “actually paid” as reported in the Pay versus Performance table. The following tables detail these adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary Compensation Table Total ($) |
|
|
Deduct Reported Change in Actuarial Present Value of Pension Benefits (a) ($) |
|
|
Add Pension Benefit Adjustments (b) ($) |
|
|
Deduct Reported Value of Equity Awards (c) ($) |
|
|
Add Equity Award Adjustments (d) ($) |
|
|
Compensation Actually Paid ($) |
|
2023 |
|
CEO |
|
|
3,195,097 |
|
|
|
916,567 |
|
|
|
125,008 |
|
|
|
302,280 |
|
|
|
1,175,513 |
|
|
|
3,276,771 |
|
|
|
Other NEOs |
|
|
1,379,383 |
|
|
|
221,070 |
|
|
|
42,217 |
|
|
|
202,236 |
|
|
|
655,232 |
|
|
|
1,653,526 |
|
|
|
|
|
|
|
|
|
2022 |
|
CEO |
|
|
2,090,768 |
|
|
|
0 |
|
|
|
163,143 |
|
|
|
250,428 |
|
|
|
182,154 |
|
|
|
2,185,637 |
|
|
|
Other NEOs |
|
|
1,157,780 |
|
|
|
0 |
|
|
|
94,788 |
|
|
|
193,470 |
|
|
|
150,934 |
|
|
|
1,210,032 |
|
|
|
|
|
|
|
|
|
2021 |
|
CEO |
|
|
2,469,929 |
|
|
|
528,260 |
|
|
|
223,648 |
|
|
|
258,096 |
|
|
|
109,976 |
|
|
|
2,017,197 |
|
|
|
Other NEOs |
|
|
1,280,518 |
|
|
|
193,093 |
|
|
|
93,694 |
|
|
|
198,990 |
|
|
|
107,362 |
|
|
|
1,089,491 |
|
|
|
|
|
|
|
|
|
2020 |
|
CEO |
|
|
3,149,426 |
|
|
|
1,132,717 |
|
|
|
258,645 |
|
|
|
253,766 |
|
|
|
(471,276 |
) |
|
|
1,550,312 |
|
|
|
Other NEOs |
|
|
1,452,162 |
|
|
|
383,722 |
|
|
|
109,136 |
|
|
|
196,565 |
|
|
|
(75,635 |
) |
|
|
905,376 |
|
|
(a) |
The amounts in this column represent the amounts reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column of the Summary Compensation Table for each appliable year. |
|
(b) |
The total pension value adjustments for each applicable year include the aggregate of two components: (i) the actuarially determined service cost for services rendered by the executive during the applicable year (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during the applicable year that are attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension value adjustments are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Pension Value Adjustment ($) |
|
2023 |
|
CEO |
|
|
125,008 |
|
|
|
0 |
|
|
|
125,008 |
|
|
|
Other NEOs |
|
|
42,217 |
|
|
|
0 |
|
|
|
42,217 |
|
|
|
|
|
|
2022 |
|
CEO |
|
|
163,143 |
|
|
|
0 |
|
|
|
163,143 |
|
|
|
Other NEOs |
|
|
94,788 |
|
|
|
0 |
|
|
|
94,788 |
|
|
|
|
|
|
2021 |
|
CEO |
|
|
223,648 |
|
|
|
0 |
|
|
|
223,648 |
|
|
|
Other NEOs |
|
|
93,694 |
|
|
|
0 |
|
|
|
93,694 |
|
|
|
|
|
|
2020 |
|
CEO |
|
|
258,645 |
|
|
|
0 |
|
|
|
258,645 |
|
|
|
Other NEOs |
|
|
109,136 |
|
|
|
0 |
|
|
|
109,136 |
|
|
(c) |
The amounts in this column represent the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year. |
|
(d) |
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: |
|
(i) |
the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; |
|
(ii) |
the amount of change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; |
|
(iii) |
for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; |
|
(iv) |
for awards granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year); |
|
(v) |
for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and |
|
(vi) |
the dollar value of any dividends or other earnings paid on equity awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. |
|
|
The amounts deducted or added in calculating the equity award adjustments are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year end fair value of equity awards granted during the year ($) |
|
|
Year over year change in fair value of outstanding and unvested equity awards
|
|
|
Fair value as of vesting date of equity awards granted and vested in the year
|
|
|
Year over year change in fair value of equity awards granted in prior years that vested in the year ($) |
|
|
Fair value at the end of the prior
year of equity awards that failed to meet vesting conditions in the year ($) |
|
|
Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation ($) |
|
|
Total equity award adjustments ($) |
|
2023 |
|
CEO |
|
|
480,330 |
|
|
|
630,927 |
|
|
|
0 |
|
|
|
32,595 |
|
|
|
0 |
|
|
|
31,661 |
|
|
|
1,175,513 |
|
|
|
Other NEOs |
|
|
321,357 |
|
|
|
298,505 |
|
|
|
0 |
|
|
|
19,137 |
|
|
|
0 |
|
|
|
16,233 |
|
|
|
655,232 |
|
|
|
|
|
|
|
|
|
|
2022 |
|
CEO |
|
|
248,266 |
|
|
|
(96,885 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
30,773 |
|
|
|
182,154 |
|
|
|
Other NEOs |
|
|
191,799 |
|
|
|
(59,261 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
18,396 |
|
|
|
150,934 |
|
|
|
|
|
|
|
|
|
|
2021 |
|
CEO |
|
|
224,482 |
|
|
|
(133,924 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
19,418 |
|
|
|
109,976 |
|
|
|
Other NEOs |
|
|
173,074 |
|
|
|
(76,117 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
10,406 |
|
|
|
107,362 |
|
|
|
|
|
|
|
|
|
|
2020 |
|
CEO |
|
|
242,957 |
|
|
|
(158,814 |
) |
|
|
0 |
|
|
|
(258,642 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(174,499 |
) |
|
|
Other NEOs |
|
|
188,192 |
|
|
|
(110,089 |
) |
|
|
0 |
|
|
|
(153,738 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(75,635 |
) |
|
|
|
|
Compensation Actually Paid vs. Total Shareholder Return |
|
|
|
|
Compensation Actually Paid vs. Net Income |
|
|
|
|
Compensation Actually Paid vs. Company Selected Measure |
CAP versus Operating Profit
|
|
|
|
Total Shareholder Return Vs Peer Group |
|
|
|
|
Tabular List, Table |
Company Financial Performance Measures The items listed below represent the most important metrics we used to determine CAP for fiscal year 2023 as further described in our Compensation Discussion and Analysis on page 15. Most Important Performance Measures Operating Profit Net Income EPS
|
|
|
|
Total Shareholder Return Amount |
$ 122.96
|
68.64
|
73.56
|
83.52
|
Peer Group Total Shareholder Return Amount |
128.28
|
111.65
|
148.6
|
116.33
|
Net Income (Loss) |
$ 388,864,000
|
$ 279,538,000
|
$ 190,908,000
|
$ 270,568,000
|
Company Selected Measure Amount |
493,000,000
|
363,000,000
|
266,000,000
|
319,000,000
|
PEO Name |
Mr. Gottwald
|
|
|
|
Operating Profit |
$ 493,000,000
|
$ 363,000,000
|
$ 266,000,000
|
$ 319,000,000
|
Bonus Expense |
$ 10,000,000
|
8,000,000
|
8,000,000
|
7,000,000
|
Measure:: 1 |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Name |
Operating Profit
|
|
|
|
Non-GAAP Measure Description |
(5) |
The 2023 operating profit of approximately $493 million is based on our 2023 operating profit (calculated in accordance with GAAP) of $483 million, excluding a charge of $10 million for the bonus expense. The 2022 operating profit of approximately $363 million is based on our 2022 operating profit (calculated in accordance with GAAP) of $355 million, excluding a charge of $8 million for the bonus expense. The 2021 operating profit of approximately $266 million is based on our 2021 operating profit (calculated in accordance with GAAP) of $258 million, excluding a charge of $8 million for the bonus expense. The 2020 operating profit of approximately $319 million is based on our 2020 operating profit (calculated in accordance with GAAP) of $312 million, excluding a charge of $ 7 million for the bonus expense . |
|
|
|
|
Measure:: 2 |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Name |
Net Income
|
|
|
|
Measure:: 3 |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Name |
EPS
|
|
|
|
GAAP [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Operating Profit |
$ 483,000,000
|
355,000,000
|
258,000,000
|
312,000,000
|
PEO | Change In Actuarial Present Value Of Pension Benefits [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
916,567
|
0
|
528,260
|
1,132,717
|
PEO | Pension Benefit Adjustments[Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
125,008
|
163,143
|
223,648
|
258,645
|
PEO | Value Of Equity Awards [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
302,280
|
250,428
|
258,096
|
253,766
|
PEO | Equity Award Adjustments [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
1,175,513
|
182,154
|
109,976
|
(471,276)
|
Equity Awards |
1,175,513
|
182,154
|
109,976
|
(174,499)
|
PEO | Pension Adjustments Service Cost [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Pension |
125,008
|
163,143
|
223,648
|
258,645
|
PEO | Pension Adjustments Prior Service Cost [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Pension |
0
|
0
|
0
|
0
|
PEO | Net Adjustments For Pension [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Pension |
125,008
|
163,143
|
223,648
|
258,645
|
PEO | Fair Value of Outstanding and Unvested Equity Awards [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
480,330
|
248,266
|
224,482
|
242,957
|
PEO | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
630,927
|
(96,885)
|
(133,924)
|
(158,814)
|
PEO | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
0
|
0
|
0
|
0
|
PEO | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
32,595
|
0
|
0
|
(258,642)
|
PEO | Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
0
|
0
|
0
|
0
|
PEO | Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
31,661
|
30,773
|
19,418
|
0
|
Non-PEO NEO | Change In Actuarial Present Value Of Pension Benefits [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
221,070
|
0
|
193,093
|
383,722
|
Non-PEO NEO | Pension Benefit Adjustments[Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
42,217
|
94,788
|
93,694
|
109,136
|
Non-PEO NEO | Value Of Equity Awards [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
202,236
|
193,470
|
198,990
|
196,565
|
Non-PEO NEO | Equity Award Adjustments [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Adjustment to Compensation, Amount |
655,232
|
150,934
|
107,362
|
(75,635)
|
Equity Awards |
655,232
|
150,934
|
107,362
|
(75,635)
|
Non-PEO NEO | Pension Adjustments Service Cost [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Pension |
42,217
|
94,788
|
93,694
|
109,136
|
Non-PEO NEO | Pension Adjustments Prior Service Cost [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Pension |
0
|
0
|
0
|
0
|
Non-PEO NEO | Net Adjustments For Pension [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Pension |
42,217
|
94,788
|
93,694
|
109,136
|
Non-PEO NEO | Fair Value of Outstanding and Unvested Equity Awards [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
321,357
|
191,799
|
173,074
|
188,192
|
Non-PEO NEO | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
298,505
|
(59,261)
|
(76,117)
|
(110,089)
|
Non-PEO NEO | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
0
|
0
|
0
|
0
|
Non-PEO NEO | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
19,137
|
0
|
0
|
(153,738)
|
Non-PEO NEO | Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
0
|
0
|
0
|
0
|
Non-PEO NEO | Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member] |
|
|
|
|
Pay vs Performance Disclosure |
|
|
|
|
Equity Awards |
$ 16,233
|
$ 18,396
|
$ 10,406
|
$ 0
|