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Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Share-based Compensation, Restricted Stock Units Award Activity The following table summarizes information about RSUs:
20242023
SharesWeighted average fair valueSharesWeighted average fair value
Outstanding - beginning of the year5,525,193 $5.74 7,197,755 $6.09 
Granted2,042,275 4.88 2,068,825 4.19 
Vested(4,579,834)5.86 (2,819,824)5.53 
Forfeited(979,014)4.22 (921,563)5.63 
Outstanding - end of the year2,008,620 $5.29 5,525,193 $5.74 
Summary of Share-based Compensation, Performance Stock Units Award Activity
20242023
SharesWeighted average fair valueSharesWeighted average fair value
Outstanding - beginning of the year811,620 $9.57 811,620 $9.57 
Granted2,472,987 4.90 — — 
Vested(266,618)5.29 — — 
Release of deferred shares
(804,281)9.50 — — 
Forfeited(1,132,351)4.20 — — 
Outstanding - end of the year1,081,357 $5.62 811,620 $9.57 
Summary of Share-based Compensation, Stock Options, Activity
The following table summarizes information about stock option activity:
20242023
SharesPer share weighted average exercise pricesSharesPer share weighted average exercise prices
Options outstanding - beginning of the year9,151,645 $9.50 10,027,048 $9.91 
Granted1,500,000 9.00 — — 
Exercised(2,315,720)4.32 — — 
Canceled(74,680)9.43 (435,403)7.91 
Expired— — (440,000)20.27 
Options outstanding - end of the year8,261,245 $10.87 9,151,645 $9.50 
Options exercisable - end of the year8,261,245 $10.87 9,057,268 $9.52 
Summary of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table provides additional information about stock options outstanding and exercisable at December 31, 2024:
Options Outstanding and Exercisable
Range of per share exercise pricesSharesPer share weighted-average exercise priceWeighted-average remaining contractual life
$3.98 - $6.60
1,928,656 $5.93 4.1 years
$8.55 - $9.00
2,191,029 $8.91 2.7 years
$12.64 - $21.54
4,141,560 $14.21 2.0 years
8,261,245 $10.87 2.7 years
Summary of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table lists the weighted average assumptions used to calculate the fair value of stock options granted in 2024:
Expected dividend yield2.2 %
Expected stock price volatility55.3 %
Risk-free interest rate4.3 %
Expected life2 years
Weighted-average fair value per option granted$1.64
Fair value of options granted$2,460