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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2023
252 $32.79 
Granted152 44.84 
Vested(154)29.57 
Forfeited(2)41.26 
Non-vested at December 31, 2023
248 $41.74 
Year Ended December 31,
202320222021
Total fair value of shares vested (in thousands)
$4,369 $7,465 $9,453 
Weighted-average fair value of RSUs granted$44.84 $43.38 $26.86 
Schedule of Nonvested PSUs
A summary of the status of the Company's EPS PSUs as of December 31, 2023, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2023
397 $28.35 
Granted131 46.04 
Vested(113)19.06 
Forfeited(48)20.65 
Non-vested at December 31, 2023
367 $38.51 
Year Ended December 31,
202320222021
Weighted-average fair value of EPS PSUs granted$46.04 $43.98 $26.80 
A summary of the status of the Company's TSR PSUs as of December 31, 2023, and changes during the period then ended, is presented below:
Shares (in thousands)Weighted-Average Grant-Date Fair Value
Non-vested at January 1, 2023
397 $36.31 
Granted144 64.06 
Vested(170)16.80 
Forfeited(4)54.31 
Non-vested at December 31, 2023
367 $56.01 
Year Ended December 31,
202320222021
Weighted-average fair value of TSR PSUs granted$64.06 $66.90 $35.66 
Schedule of Valuation Assumptions Used to Determine Fair Value
2023
Risk free interest rate4.60%
Dividend yield—%
Volatility factor of the expected market price of the common shares51.39%
Expected term (in years)2.83
Correlation coefficient0.34
Schedule of Fair Value of the Option Component of the ESP Plan
Year Ended December 31,
202320222021
Risk free interest rate4.73 %0.39 %0.10 %
Dividend yield2.07 %1.82 %2.86 %
Volatility factor of the expected market price of the common shares53 %38 %72 %
Expected life for the options (in years)
1.01.01.0