Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2024

Compensation Related Costs [Abstract]

Long-Term Incentive Compensation Plan Expense

The following table summarizes the outstanding LTIP awards as of December 31, 2024:

	Units Outstanding	Maximum Value		Inception to date earned through December 31, 2024 on outstanding units
2020 grant	196,500	$	19,650,000	$	19,650,000
2021 grant	206,000	20,600,000		20,600,000
2022 grant	227,750	22,775,000		20,169,540
2023 grant	241,000	24,100,000		12,466,473
2024 grant	253,750	25,375,000		6,476,304

The following table summarizes the LTIP expense for each of the three years ended December 31, 2024:

(In thousands)	2024		2023		2022
2018 grant	$	—	$	(125)	$	4,299
2019 grant	—		3,366		6,904
2020 grant	135		7,047		6,653
2021 grant	3,543		6,561		6,574
2022 grant	8,167		6,155		6,232
2023 grant	7,076		5,424		—
2024 grant	6,476		—		—
Total	$	25,397	$	28,428	$	30,662