Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following summarizes the significant assumptions used to determine the fair value of performance shares and related compensation expense as well as the resulting estimated fair value of performance shares granted:

	2024		2023
Risk-free interest rate	4.38	%	4.33	%
Expected life, in years	3		3
Expected volatility	12.5% to 29.0%		30.4% to 41.0%
Dividend yield	5.6	%	4.4	%

Schedule of Nonvested Share Activity

A summary of nonvested shares as of and changes during the year ended December 31, 2024, are as follows:

	Performance Unit Awards
	Shares	Weighted-Average Grant-Date Fair Value
Beginning nonvested grants	153,784	$	53.26
Granted	150,704	41.13
Vested	(60,830)	51.61
Forfeited	(11,732)	48.12
Remaining nonvested grants	231,926	$	46.07

Share-based Compensation Arrangement by Share-based Payment Award

Schedule of Nonvested Restricted Stock Units Activity

A summary of nonvested shares as of and changes during the year ended December 31, 2024, are as follows:

	Shares	Weighted-Average Grant-Date Fair Value
Beginning nonvested grants	60,779	$	47.91
Granted	—	—
Vested	—	—
Forfeited	(9,983)	60.73
Remaining nonvested grants	50,796	$	45.40