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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Nonvested Common Share and Nonvested Common Share Unit Activity

The following table summarizes nonvested common share, nonvested common share unit and DEU activity for the six months ended June 30, 2023:

						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						647						$	20.99					138						$	45.94					350						$	45.51					37						$	40.86
Granted						300						12.66						75						43.51						461						38.59						19						41.74
Vested						(103)						51.52						(64)						46.65						(160)						47.82						(15)						40.28
Forfeited						—						—						—						—						(13)						39.21						—						40.76
Outstanding at June 30, 2023						844						$	14.29					149						$	44.40					638						$	40.04					41						$	41.48

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

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						10% "Target"						100		%				150		%				200		%
						9%						75		%				125		%				175		%
						8%						50		%				100		%				150		%
						6%						25		%				75		%				125		%
						5%						0		%				50		%				100		%

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 was as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)						2023						2022						2023						2022
Compensation expense						$	4,354					$	4,198					$	9,460					$	9,005
Income tax benefit						861						828						1,879						1,785

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Tabular disclosure of shares earned for unvested performance shares.

+ References

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- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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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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