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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of the Company's Stock Option Activity

The activity for stock options is summarized as follows:

 

 

Shares

 

 

Weighted
Average
Exercise Price Per Share

 

 

Aggregate
Intrinsic
Value

 

Options outstanding as of December 31, 2023

 

 

494,370

 

 

$

21.47

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(23,906

)

 

 

23.47

 

 

 

 

Options outstanding as of December 31, 2024

 

 

470,464

 

 

$

21.37

 

 

$

 

 

 

 

 

 

 

 

 

 

 

Options exercisable as of December 31, 2024

 

 

470,464

 

 

$

21.37

 

 

$

 

Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

The activity for restricted stock units is summarized as follows:

 

 

Shares

 

 

Weighted
Average
Grant Date
Fair Value Per Share

 

Unvested as of December 31, 2023

 

 

805,462

 

 

$

15.37

 

Granted

 

 

461,632

 

 

 

13.38

 

Vested

 

 

(405,309

)

 

 

15.73

 

Forfeited

 

 

(21,991

)

 

 

16.06

 

Unvested as of December 31, 2024

 

 

839,794

 

 

$

14.07

 

Performance Shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Share Activity

The 2024 activity for performance share units is summarized as follows:

 

 

Shares

 

 

Weighted
Average
Grant Date Fair Value
Per Share

 

Unvested as of December 31, 2023

 

 

630,395

 

 

$

17.39

 

Granted (1)

 

 

365,174

 

 

 

14.34

 

Adjustment for performance results achieved (2)

 

 

154,145

 

 

 

16.39

 

Vested

 

 

(302,479

)

 

 

16.39

 

Forfeited

 

 

(21,121

)

 

 

16.12

 

Unvested as of December 31, 2024

 

 

826,114

 

 

$

15.95

 

(1)
Performance shares granted assuming achievement of performance goals at target.
(2)
Adjustment due to performance share units granted in 2021 and vested in 2024 where the number of shares achieved based on the three-year performance period ended December 31, 2023 were higher than target.
Schedule of the Assumptions Used to Estimate the Fair Value of Each Option Grant The fair value of each performance share unit was estimated at the date of grant using the following assumptions:

 

 

2024

 

 

2023

 

 

2022

 

Correlation

 

 

22.8

%

 

 

28.2

%

 

 

25.9

%

Risk-free interest rate

 

 

4.5

%

 

 

4.1

%

 

 

1.7

%

Expected volatility

 

 

51.2

%

 

 

60.3

%

 

 

59.5

%

Expected dividend yield

 

 

%

 

 

%

 

 

%