XML 77 R62.htm IDEA: XBRL DOCUMENT v3.25.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted and Deferred Stock Activity
A summary of restricted and deferred stock activity follows:
 Number of shares
Non-vested shares outstanding at January 1, 20241,444,712 
Awarded:
Time-vesting240,680 
Performance-based166,380 
Released:
Time-vesting(284,127)
Performance-based(103,993)
Forfeitures:
Time-vesting(112,020)
Performance-based(21,355)
Non-vested shares outstanding at December 31, 20241,330,277 
Schedule of Average Grant-Date Fair Value of Restricted Stock
The average grant-date fair value of restricted stock awarded in 2024, 2023 and 2022 follows:

202420232022
Time-vesting$80.21 $87.66 $96.29 
Performance-based89.57 86.10 111.84 
Schedule of Weighted Average Assumptions on Performance-Based Shares
The fair values of the performance-based awards that include a market condition were calculated using a Monte Carlo valuation model and the following weighted average assumptions:
202420232022
Risk-free interest rate4.0 %4.1 %1.0 %
Expected term (years)333
Expected stock price volatility31.4 %39.8 %34.8 %