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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Option, Activity
The following table summarizes stock option activity during the three months ended March 31, 2025:
Stock OptionsWeighted-
Average
Exercise Price
Options outstanding at December 31, 2024445,136$51.34 
Granted77,60639.61 
Exercised(8,502)33.79 
Forfeited(1,404)32.63 
Expired(13,136)92.09 
Options outstanding at March 31, 2025499,700$48.80 
Exercisable at March 31, 2025220,489$63.63 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The following table provides the assumptions used in the Black-Scholes pricing model valuation of options during the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31,
20252024
Risk-free interest rate4.13%4.28%
Expected life (years)
6.25
6.25
Expected volatility
52.99%
50.62%
Expected dividend yield0%0%
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The following table summarizes restricted stock activity during the three months ended March 31, 2025:
Restricted
Stock
Weighted-
Average
Grant Date
Fair Value
Per Share
Restricted stock at December 31, 2024763,261$38.25 
Granted63,12039.61 
Restrictions lapsed(44,523)44.82 
Forfeited(11,502)35.31 
Restricted stock at March 31, 2025770,356$38.02 
Schedule of Nonvested Performance-Based Units Activity
The following table summarizes performance stock activity during the three months ended March 31, 2025:
Performance
Stock
Weighted-
Average
Grant Date
Fair Value
Per Share
Performance stock at December 31, 2024180,173$60.75 
Granted66,59262.36 
Restrictions lapsed(32,977)96.41
Performance change— 
Forfeited
Performance stock at March 31, 2025213,788$55.75 
Schedule of Share-based Payment Award, Awards Other Than Stock Options, Valuation Assumptions
The following table provides the assumptions used in the Monte Carlo pricing model valuation of PSUs during the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31,
20252024
Risk-free interest rate4.08%4.37%
Expected life (years)2.852.88
Expected volatility52.40%
51.40%
Expected dividend yield0%0%
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The following table presents the assumptions used to estimate the fair value of the ESPP during the three months ended March 31, 2025 and 2024:
Three Months Ended
March 31,
20252024
Risk-free interest rate
4.29%
5.16%
Expected life (months)6.006.00
Expected volatility
65.60%
47.92%
Expected dividend yield0%0%