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Stock-Based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity
A summary of stock option activity is as follows:
Number of
Shares
Weighted Average
Exercise Price ($)
Weighted Average
Remaining Contractual
Term (Years)
Aggregate Intrinsic Value
of In-the-Money
Options ($)
Outstanding as of December 31, 2023873,512 $18.76 
Exercised(104,951)18.62 
Outstanding as of September 30, 2024768,561 $18.78 1.31$24,689,894 
Exercisable as of September 30, 2024768,561 $18.78 1.31$24,689,894 
Total Shareholder Return Awards (TSRs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Total Shareholder Return Awards ("TSRs")
A summary of nonvested TSRs is as follows:
Number of
Shares
Weighted Average
Grant Date Fair Value
Nonvested as of December 31, 2023673,126 $40.73 
Granted561,471 34.00 
Forfeited(70,496)33.71 
Change in payout rate(203,945)50.60 
Nonvested as of September 30, 2024960,156 $35.22 
Total Shareholder Return Awards (TSRs) | Monte Carlo Simulation Model  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Grant Date Fair Value Weighted Average Assumptions - TSRs
The fair value of TSRs granted during the nine months ended September 30, 2024 and 2023, were estimated on the date of grant using the Monte Carlo simulation model, acceptable under ASC 718, Compensation - Stock Compensation, using the following weighted average assumptions:
Nine months ended September 30,
20242023
Expected life (years)2.72.9
Risk-free interest rate4.4 %3.6 %
Expected volatility36.8 %37.1 %
Expected dividend yield— — 
Restricted Share Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Share Unit Awards ("RSUs")
A summary of nonvested restricted share unit awards ("RSUs") is as follows:
Number of
Shares
Weighted Average
Grant Date Fair Value
Nonvested as of December 31, 20231,574,883 $26.81 
Granted1,342,737 32.36 
Vested(815,772)28.71 
Forfeited(147,618)28.29 
Nonvested as of September 30, 20241,954,230 $29.72