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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted-Average Assumptions and Restricted Stock Awards Activity
The following table summarizes the weighted-average assumptions used to determine the awards grant date fair value:

Six Months Ended June 30,
Restricted Shares and Performance Based Shares20252024
Expected quarterly dividends per share$0.4075 $0.3875 
Risk-free interest rate4.00 %4.27 %
Market-Based Shares
Dividend yield3.12 %4.21%
Expected volatility15.67 %13.09%
Risk-free interest rate4.12 %4.31%

The following table summarizes activity in restricted stock awards, including performance-based and market-based shares for the six months ended June 30, 2025:
Restricted Stock
SharesWeighted-
Average
Grant Date Fair Value
Outstanding at December 31, 2024
241,237 $37.05 
Granted
170,560 47.61 
Released(156,284)40.79 
Forfeited
(4,343)34.92 
Outstanding at June 30, 2025251,170 $41.93 
The following table provides additional information concerning restricted stock activity, including performance-based and market-based shares:
Six Months Ended June 30,
Restricted Stock20252024
Weighted-average grant date fair value$47.61 $32.43 
Total fair value of restricted shares that vested (in thousands)$6,374 $6,180