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Compensation Plans and Programs (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of RSU Award Vesting
Information with respect to current RSU activity is summarized as follows (in thousands, except per share amounts):
Number of
Unvested
RSUs
Weighted Average Per Share Grant Date Fair Value
Balance at December 31, 2022
1,180 $53.36 
Granted*535 73.80 
Forfeited(197)55.07 
Vested(410)54.95 
Balance at December 31, 2023
1,108 $62.34 
* These numbers include fewer than 0.1 million RSUs credited on unvested RSU awards as dividend equivalents. Dividend equivalents accrue with respect to unvested RSUs when and as cash dividends are paid on the Company's common stock, and vest if and when the underlying RSUs vest. Granted amounts include performance-based RSU awards at their maximum potential payout.
Schedule of Weighted Average Option Assumptions The weighted-average grant date fair value per option award granted during the years ended December 31, 2023, 2022 and 2021 was $24.41, $20.28, and $23.04, respectively, based upon the assumptions included in the table below:
For the Year Ended December 31,
202320222021
Expected term (in years)7.58.07.7
Expected volatility32.8 %36.3 %35.7 %
Risk-free interest rate3.6 %2.2 %1.3 %
Dividend yield1.9 %2.3 %1.9 %
Schedule of Stock Option Activity
Information with respect to current year stock option activity is summarized as follows (in thousands, except per share amounts):
 Outstanding OptionsWeighted
Average Exercise Price
Balance at December 31, 2022
646 $60.08 
Granted*125 72.90 
Forfeited— — 
Exercised(72)17.38 
Balance at December 31, 2023
699 $66.79 
* Granted amounts include performance-based option awards at their maximum potential payout.