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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Portion of Nonvested Common Shares Earned based upon Achievement of Compounded Annual Book Value per share Growth

The portion of the nonvested performance-based share awards that will be earned based upon the achievement of compounded annual book value per share growth is as follows:

						2020 Performance-Based Grants												2019 Performance-Based Grants												2018 Performance-Based Grants												2017 Performance-Based Grants
Performance level						Compounded Annual Book Value Per Share Growth						Nonvested Common Shares Earned						Compounded Annual Book Value Per Share Growth						Nonvested Common Shares Earned						Compounded Annual Book Value Per Share Growth						Nonvested Common Shares Earned						Compounded Annual Book Value Per Share Growth						Nonvested Common Shares Earned
						<13		%				0		%				<14		%				0		%				<15		%				0		%				<16		%				0		%
Threshold						13		%				10		%				14		%				10		%				15		%				25		%				16		%				25		%
						14		%				35		%				15		%				35		%				16		%				50		%				17		%				50		%
						15		%				60		%				16		%				60		%				17		%				75		%				18		%				75		%
						16		%				85		%				17		%				85		%
Maximum						≥17		%				100		%				≥18		%				100		%				≥18		%				100		%				≥19		%				100		%

The portion of these nonvested performance-based share awards that will be earned is as follows:

												Relative Total Shareholder Return vs. S&P 1500 Financial Services Index
												≤25th percentile						50th percentile "Target"						≥75th percentile
Three-Year Book Value Per Share CAGR						14% "Target"						100		%				150		%				200		%
						12%						75		%				125		%				175		%
						10%						50		%				100		%				150		%
						8%						25		%				75		%				125		%
						6%						0		%				50		%				100		%

The portion of these nonvested performance-based share awards that will be earned is as follows:

												Relative Total Shareholder Return vs. S&P 1500 Financial Services Index
												≤25th percentile						50th percentile "Target"						≥75th percentile
Three-Year Book Value Per Share CAGR						13% "Target"						100		%				150		%				200		%
						11%						75		%				125		%				175		%
						9%						50		%				100		%				150		%
						7%						25		%				75		%				125		%
						5%						0		%				50		%				100		%

Schedule of Nonvested Common Share and Nonvested Common Share unit activity

The following tables summarize nonvested common share, nonvested common share unit and DEU activity for the year ended December 31:

						2022
						Time and Performance- Based Share Awards												Time-Based Share Awards												Share Units												DEUs
(Shares in thousands)						Number of Shares						Weighted Average Grant Date Fair Value						Number of Shares						Weighted Average Grant Date Fair Value						Number of Share Units						Weighted Average Grant Date Fair Value						Dividend Equivalent Units						Weighted Average Grant Date Fair Value
Outstanding at beginning of year						500						$	31.29					140						$	45.31					461						$	47.94					28						$	41.75
Granted						308						14.83						87						46.15						161						42.56						25						40.28
Vested						(139)						45.32						(86)						45.07						(192)						47.53						(14)						41.29
Forfeited						(22)						15.45						(3)						46.91						(80)						48.73						(2)						42.70
Outstanding at end of year						647						$	20.99					138						$	45.94					350						$	45.51					37						$	40.86

						2021
						Time and Performance- Based Share Awards												Time-Based Share Awards												Share Units												DEUs
(Shares in thousands)						Number of Shares						Weighted Average Grant Date Fair Value						Number of Shares						Weighted Average Grant Date Fair Value						Number of Share Units						Weighted Average Grant Date Fair Value						Dividend Equivalent Units						Weighted Average Grant Date Fair Value
Outstanding at beginning of year						363						$	47.09					153						$	46.34					492						$	46.59					21						$	37.66
Granted						281						15.64						93						43.67						212						46.96						17						44.86
Vested						(113)						45.02						(98)						45.40						(214)						43.74						(9)						38.53
Forfeited						(31)						24.33						(8)						44.94						(29)						48.85						(1)						40.53
Outstanding at end of year						500						$	31.29					140						$	45.31					461						$	47.94					28						$	41.75

						2020
						Time and Performance- Based Share Awards												Time-Based Share Awards												Share Units												DEUs
(Shares in thousands)						Number of Shares						Weighted Average Grant Date Fair Value						Number of Shares						Weighted Average Grant Date Fair Value						Number of Share Units						Weighted Average Grant Date Fair Value						Dividend Equivalent Units						Weighted Average Grant Date Fair Value
Outstanding at beginning of year						394						$	42.02					169						$	41.31					351						$	39.78					5						$	51.11
Granted						109						51.52						69						51.52						350						48.75						19						$	35.42
Vested						(140)						36.29						(85)						40.47						(192)						37.76						(3)						49.79
Forfeited						—						N/A						—						N/A						(17)						50.04						—						33.86
Outstanding at end of year						363						$	47.09					153						$	46.34					492						$	46.59					21						$	37.66

Schedule of Compensation Expense, Net of Forfeitures, and Related Tax Effects Recognized in Connection with Nonvested shares

Compensation expense, net of forfeitures, and related tax effects recognized in connection with nonvested shares and share units were as follows for the years ended December 31:

(In thousands)						2022						2021						2020
Compensation expense						$	18,381					$	20,844					$	18,462
Income tax benefit						3,636						4,088						3,511

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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