Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Assumptions Used to Estimate Value of Each Option Award

The grant date fair value of stock options is determined using the Black-Scholes option pricing model with the assumptions noted in the following table. A historical daily measurement of volatility is determined based on our and our peer companies’ average volatility. The risk-free interest rate is determined by reference to the outstanding U.S. Treasury note with a term equal to the expected life of the option granted. The expected life represents the period of time that options are expected to be outstanding and was calculated using the simplified approach due to our lack of historical experience upon which to estimate the expected lives of the options.

	Year Ended December 31,
Assumption	2024			2023			2022
Expected volatility		40.5	%		54.9	%		50.7	%
Expected dividend yield		0.0	%		0.0	%		0.0	%
Expected life (in years)		6.1			6.1			6.1
Risk-free interest rate		4.21	%		3.71	%		2.38	%

Summary of Option Activity under Omnibus Plan

A summary of option activity under the Omnibus Plan during the year ended December 31, 2024 is presented below:

	Stock Options			Weighted- average Exercise Price		Aggregate Intrinsic Value (in millions)		Weighted- average Remaining Contractual Term (in years)
Outstanding as of December 31, 2023		1,327,338		$	31.97	$	7		7.79
Granted to employees		576,260			31.94
Exercised		(352,903	)		31.81
Forfeited		(186,124	)		30.47
Expired		(34,540	)		41.94
Outstanding as of December 31, 2024		1,330,031		$	31.94	$	30		7.65
Exercisable as of December 31, 2024		518,157			34.72		10		6.02

Summary of RSU Activity Under Omnibus Plan

A summary of RSU activity under the Omnibus Plan during the year ended December 31, 2024 is presented below:

	RSUs			Weighted- average Grant Date Fair Value
Outstanding as of December 31, 2023		1,286,173		$	28.06
Granted to employees		812,939			32.16
Vested		(541,799	)		29.67
Forfeited		(245,921	)		29.47
Outstanding as of December 31, 2024		1,311,392		$	29.68

Performance Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Performance Activity under Omnibus Plan

A summary of performance options activity under the Omnibus Plan during the year ended December 31, 2024 is presented below:

	Performance Options			Weighted- average Grant Date Fair Value
Outstanding as of December 31, 2023		767,144		$	10.65
Granted to employees		—			—
Exercised		(121,950	)		10.46
Forfeited		—			—
Outstanding as of December 31, 2024		645,194		$	10.69

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Performance Activity under Omnibus Plan

A summary of performance share activity under the Omnibus Plan during the year ended December 31, 2024 is presented below:

	Performance Shares			Weighted- average Grant Date Fair Value
Outstanding as of December 31, 2023		133,492		$	33.01
Granted to employees		217,527			31.95
Vested		(17,591	)		51.07
Forfeited		(60,221	)		31.95
Outstanding as of December 31, 2024		273,207		$	30.49