Share-based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Cost by Plan

Table 12.1 summarizes the compensation cost recognized and charged against income for share-based awards.

Share-based Compensation Cost
Table	12.1	Years ended December 31,
(in thousands)		2025		2024		2023
Compensation cost recognized for share-based awards		$	24,332	$	31,227	31,537
Income tax benefit related to share-based compensation cost		1,268		2,383		2,870
Share-based compensation cost, net		$	23,064	$	28,844	28,667

Summary of Restricted Stock Activity

Table 12.2 summarizes restricted stock or restricted stock unit (collectively called “restricted stock”) activity during 2025.

Restricted Stock
Table	12.2
		Weighted Average Grant Date Fair Market Value		Shares
Restricted stock outstanding at December 31, 2024		$	16.04	2,827,801
Granted (1)		24.45		724,339
Performance adjustment (2)		—		732,231
Vested		15.67		(1,844,424)
Forfeited		23.21		(45,674)
Restricted stock outstanding at December 31, 2025		$	18.54	2,394,273

(1) Approximately 47% of the shares granted in 2025 are subject to performance conditions under which the target number of shares granted may vest from 0% to 200%.

(2) Amount represents the difference between the number of shares vested at settlement with performance conditions and the number of target shares at the grant date in 2022.