Incentive and Deferred Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2023

Compensation Related Costs [Abstract]

Schedule of Deferred Executive Compensation Liability

The following table sets forth a reconciliation of beginning and ending balances of our deferred executive compensation liability as of December 31:

(in thousands)
	2023		2022		2021
Deferred executive compensation, beginning of the year	$	25,760	$	27,208	$	32,223
Annual incentive plan awards	7,401		6,305		6,768
Long-term incentive plan awards	7,332		3,417		3,471
Employer match and hypothetical earnings on deferred compensation	2,828		404		3,043
Total plan awards and earnings	17,561		10,126		13,282
Total plan awards paid	(10,211)		(10,413)		(16,647)
Compensation deferred	1,809		2,528		4,765
Distributions from the deferred compensation plans	(313)		(742)		(811)
Forfeitures (1)	—		—		(473)
Funding of rabbi trust for deferred stock compensation plan for outside directors	(1,407)		(1,221)		(1,113)
Funding of rabbi trust for incentive compensation deferral plan (2)	(1,281)		(1,726)		(4,018)
Deferred executive compensation, end of the year	$	31,918	$	25,760	$	27,208

(1)    Forfeitures are the result of plan participants who separated from service and are recognized in the year they occur.

(2)    In 2023 and 2022, funding includes $0.9 million and $0.5 million, respectively, representing shares held back to satisfy tax withholding on rabbi trust distributions that reduced funding requirements for performance award deferrals.