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Share-Based Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Service Condition Restricted Share Activity
The following table provides a summary of service condition restricted share activity for the years ended December 31, 2023, 2022 and 2021:
SharesWeighted-Average
Grant Date
Fair Value
Unvested at January 1, 2021242,727 $24.94 
Granted415,531 $22.69 
Vested(81,591)$30.41 
Forfeited(9,236)$23.37 
Unvested at December 31, 2021567,431 $22.53 
Granted143,795 $21.72 
Vested(107,303)$26.23 
Forfeited(36,606)$22.80 
Unvested at December 31, 2022567,317 $21.60 
Granted113,084 $15.04 
Vested(183,721)$23.14 
Forfeited(53,131)$16.72 
Unvested at December 31, 2023443,549 $19.88 
Schedule of Performance-Based Equity Awards, Fair Value Assumptions
The grant date fair value of the performance awards, with market conditions, were determined using a Monte Carlo simulation method with the following assumptions (dollars in millions):
Performance Award Grant DatePercentage of Total AwardGrant Date Fair Value by ComponentVolatilityInterest RateDividend Yield
February 14, 2018
Relative and Absolute Total Shareholder Return
65.00% / 35.00%
$3.528.00%2.37%4.70%
February 13, 2019
Relative and Absolute Total Shareholder Return
65.00% / 35.00%
$4.526.00%2.52%4.20%
February 12, 2020
Relative Total Shareholder Return100.00%$4.923.40%1.41%—%
February 18, 2021
Relative Total Shareholder Return100.00%$6.056.00%0.19%—%
May 16, 2022
Relative Total Shareholder Return100.00%$5.358.70%2.72%—%
February 17, 2023
Relative and Absolute Total Shareholder Return
70.00% / 30.00%
$6.061.60%4.31%—%