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Incentive and Deferred Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2024
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)
202420232022
Deferred executive compensation, beginning of the year$31,918 $25,760 $27,208 
Annual incentive plan awards8,574 7,401 6,305 
Long-term incentive plan awards1,786 7,332 3,417 
Employer match and hypothetical earnings on deferred compensation4,680 2,828 404 
Total plan awards and earnings15,040 17,561 10,126 
Total plan awards paid(8,105)(10,211)(10,413)
Compensation deferred1,701 1,809 2,528 
Distributions from the deferred compensation plans(2,372)(313)(742)
Forfeitures (1)
(244)— — 
Funding of rabbi trust for deferred stock compensation plan for outside directors(1,640)(1,407)(1,221)
Funding of rabbi trust for incentive compensation deferral plan (2)
(1,703)(1,281)(1,726)
Deferred executive compensation, end of the year$34,595 $31,918 $25,760 

(1)    Forfeitures are the result of plan participants who separated from service and are recognized in the year they occur.
(2)    In 2024, 2023 and 2022, funding includes $1.7 million, $0.9 million and $0.5 million, respectively, representing shares held back to satisfy tax withholding on rabbi trust distributions that reduce funding requirements for performance award deferrals