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Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of non-vested PSUs
A summary of activity is presented in the following table:
For the Years Ended December 31,
202420232022
PSUs (1)
Weighted-Average Grant-Date Fair Value (2)
PSUs (1)
Weighted-Average Grant-Date Fair Value (2)
PSUs (1)
Weighted-Average Grant-Date Fair Value (2)
Non-vested at beginning of year469,432 $27.83 273,258 $26.67 464,483 $12.80 
Granted231,120 $42.76 256,633 $29.93 276,010 $26.67 
Vested— $— (15,950)$25.50 (461,387)$12.81 
Forfeited(6,186)$25.87 (44,509)$26.45 (5,848)$18.24 
Non-vested at end of year694,366 $32.99 469,432 $27.83 273,258 $26.67 
____________________________________________
(1)The number of PSUs presented assumes a multiplier of one. The actual final number of shares of common stock to be issued at the end of the three-year performance period will range from zero to two times the number of PSUs awarded depending on the three-year performance multiplier.
(2)Amounts represent price per unit.
Schedule of non-vested RSUs
A summary of activity is presented in the following table:
For the Years Ended December 31,
202420232022
RSUs
Weighted-
Average
Grant-Date
Fair Value (1)
RSUs
Weighted-
Average
Grant-Date
Fair Value (1)
RSUs
Weighted-
Average
Grant-Date
Fair Value (1)
Non-vested at beginning of year1,080,544 $31.49 1,375,052 $22.42 1,841,237 $13.79 
Granted504,010 $43.44 630,474 $32.03 526,776 $34.08 
Vested(507,171)$30.18 (805,205)$16.75 (920,927)$12.17 
Forfeited(37,546)$32.96 (119,777)$29.26 (72,034)$18.24 
Non-vested at end of year1,039,837 $37.87 1,080,544 $31.49 1,375,052 $22.42 
____________________________________________
(1)Amounts represent price per unit.
Schedule of shares settled, restricted stock units
A summary of the shares of common stock issued to settle RSUs is presented in the table below:
For the Years Ended December 31,
202420232022
Shares of common stock issued to settle RSUs (1)
508,927 803,449 920,927 
Less: shares of common stock withheld for income and payroll taxes(158,252)(249,233)(284,423)
Net shares of common stock issued350,675 554,216 636,504 
____________________________________________
(1)    During the years ended December 31, 2024, 2023, and 2022, the Company issued shares of common stock to settle RSUs that related to awards granted in previous years. The Company and all eligible recipients in 2024 and 2022, and a majority of eligible recipients in 2023, mutually agreed to net share settle a portion of the awards to cover income and payroll tax withholdings in accordance with the Company’s Equity Plan and individual award agreements.
Schedule of employee stock purchase plan
The fair value of ESPP shares issued during the periods reported above were estimated using the following weighted-average assumptions:
For the Years Ended December 31,
202420232022
Risk free interest rate5.3 %5.1 %1.2 %
Dividend yield1.8 %1.8 %0.1 %
Volatility factor of the expected market price of the Company’s common stock35.2 %53.6 %69.1 %
Expected life (in years)0.50.50.5