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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Shares
A summary of the status of the Company's non-vested RSUs as of December 31, 2022, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2022
388 $27.75 
Granted130 43.38 
Vested(260)29.99 
Forfeited(6)33.22 
Non-vested at December 31, 2022
252 $32.79 
Year ended December 31,
202220212020
Total fair value of shares vested (in thousands)
$7,465 $9,453 $13,510 
Weighted-average fair value of RSUs granted$43.38 $26.86 $18.35 
Schedule of Nonvested PSUs
A summary of the status of the Company's EPS PSUs as of December 31, 2022, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2022
386 $23.69 
Granted107 43.98 
Vested(25)25.73 
Forfeited(71)27.51 
Non-vested at December 31, 2022
397 $28.35 
Year ended December 31,
202220212020
Weighted-average fair value of EPS PSUs granted$43.98 $26.80 $19.06 
A summary of the status of the Company's TSR PSUs as of December 31, 2022, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2022
386 $30.89 
Granted106 66.90 
Vested— — 
Forfeited(95)48.27 
Non-vested at December 31, 2022
397 $36.31 
Year ended December 31,
202220212020
Weighted-average fair value of TSR PSUs granted$66.90 $35.66 $16.80 
Schedule of Valuation Assumptions Used to Determine Fair Value
2022
Risk free interest rate1.44%
Dividend yield—%
Volatility factor of the expected market price of the common shares53%
Expected term (in years)2.83
Correlation coefficient0.45
Schedule of Fair Value of the Option Component of the ESP Plan
Year ended December 31,
202220212020
Risk free interest rate0.39 %0.10 %1.59 %
Dividend yield1.82 %2.86 %2.71 %
Volatility factor of the expected market price of the common shares38 %72 %36 %
Expected life for the options (in years)
1.01.01.0