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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense The following table summarizes the stock-based compensation expense recognized under all of the Company’s stock plans for the three and nine months ended September 30, 2023 and 2022, and associated with the issuance of restricted shares of common stock and vesting of stock options that are included in general and administrative expenses in the accompanying consolidated statements of income (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Stock options$406 $947 $1,393 $2,868 
Restricted stock5,300 2,555 11,971 7,609 
Total stock-based compensation expense$5,706 $3,502 $13,364 $10,477 
Schedule of Stock Option Transactions Under Stock Option Plans
The Company’s outstanding stock options consisted of the following:
Shares
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value
(in millions)
Options outstanding at January 1, 2023859,850 $25.88 2.19$10.3 
Options granted
— — — — 
Options exercised
(125,000)10.00 — 3.3 
Options forfeited
(50,000)0.10 — — 
Options outstanding at September 30, 2023684,850 $30.66 1.92$7.0 
Options exercisable at September 30, 2023589,522 $21.80 1.51$6.7