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Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity
Stock option activity from January 1, 2025 to March 31, 2025 follows:
Underlying
Shares
Weighted
Average
Exercise Price
Per Share
Outstanding at January 1, 2025
1,794,005$22.26 
Exercised$— 
Expired$— 
Outstanding at March 31, 2025
1,794,005$22.26 
Exercisable at March 31, 2025
1,794,005$22.26 
Restricted Stock Unit Activity
Restricted stock unit activity from January 1, 2025 to March 31, 2025 follows:
Time
Based
Performance
Based
Weighted
Average Grant
Date Fair Value
Per Share
Non-vested restricted stock units outstanding at January 1, 2025
5,427,657452,514$11.34 
Granted220,335$8.26 
Vested(970,539)$9.79 
Forfeited(33,991)$10.77 
Non-vested restricted stock units outstanding at March 31, 2025
4,643,462452,514$11.51 
Performance Units
The total target number of shares granted with respect to the Performance Units for the awards granted in 2021-2024 is set forth below:
2024
Performance
Unit Awards
2023
Performance
Unit Awards
2022
Performance
Unit Awards
2021
Performance
Unit Awards
Target number of shares875,100631,700414,000843,000
Fair Value of Performance Units The fair value of the Performance Units is set forth below (in thousands):
2024
Performance
Unit Awards
2023
Performance
Unit Awards
2022
Performance
Unit Awards
2021
Performance
Unit Awards
Aggregate fair value at date of grant$10,904 $8,440 $10,743 $7,225 
Compensation Expense Associated with Performance Units Compensation expense associated with the Performance Units is set forth below (in thousands):
2024
Performance
Unit Awards
2023
Performance
Unit Awards
2022
Performance
Unit Awards
2021
Performance
Unit Awards
Three months ended March 31, 2025$899 $654 $850 NA
Three months ended March 31, 2024NA$663 $862 $584