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Common Stock, Compensation Plans and Other (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Summary of Stock Option Transactions under Plan | The table below summarizes the stock option transactions under the Plan at September 30, 2024 and December 31, 2023 and changes during the nine-month period and year then ended:
| For the Nine Months Ended September 30, 2024 |  | For the Year Ended December 31, 2023
| Shares (000) |  | Weighted- Average Exercisable Price |  | Shares (000) |  | Weighted- Average Exercisable Price
Outstanding, beginning of year | 2,776 |  |  | $ | 20.95 |  |  | 2,971 |  |  | $ | 20.45 |
Granted | — |  |  | — |  |  | 25 |  |  | 22.63 |
Forfeited/Expired | (33) |  |  | 21.87 |  |  | (10) |  |  | 23.38 |
Exercised | (952) |  |  | 18.13 |  |  | (210) |  |  | 14.01 |
Outstanding, end of period | 1,791 |  |  | 22.43 |  |  | 2,776 |  |  | 20.95 |
Exercisable, end of period | 1,253 |  |  | 22.11 |  |  | 1,940 |  |  | 20.05 |
Summary of Stock Options on Valuation Assumptions | The assumptions used in determining the fair value of the 2024 and 2023 stock option grants were as follows:
| For the Nine Months Ended September 30, 2024 |  | For the Year Ended December 31, 2023
Expected dividend yield | Not Applicable |  | 2.98 | %
Expected stock price volatility | Not Applicable |  | 27.97 | %
Risk-free interest rate | Not Applicable |  | 3.37 | %
Expected life of options | Not Applicable |  | 6.5 years
Summary of Currently Outstanding and Exercisable Options | The following is a summary of currently outstanding and exercisable options at September 30, 2024:
Options Outstanding |  | Options Exercisable
Exercise Prices |  | Options Outstanding Shares (000) |  | Weighted- Average Remaining Contractual Life (in years) |  | Weighted- Average Exercise Price |  | Options Exercisable Shares (000) |  | Weighted- Average Exercise Price
$16.00 to $17.99 |  | 40 |  |  | 0.54 |  | $ | 17.12 |  |  | 40 |  |  | $ | 17.12 |
$18.00 to $19.99 |  | 188 |  |  | 1.32 |  | 18.53 |  |  | 188 |  |  | 18.53 |
$20.00 to $21.99 |  | 220 |  |  | 3.73 |  | 20.88 |  |  | 186 |  |  | 20.92 |
$22.00 to $23.99 |  | 1,253 |  |  | 3.90 |  | 23.22 |  |  | 767 |  |  | 23.19 |
$24.00 to $25.99 |  | 90 |  |  | 3.65 |  | 25.59 |  |  | 72 |  |  | 25.93 |
|  | 1,791 |  |  |  |  |  |  | 1,253 |  |  |
Summary of Company's Restricted Stock Issued and Outstanding | The table below summarized the activity for the Company’s restricted stock issued and outstanding at September 30, 2024 and December 31, 2023 and changes during the period and year then ended:
| As of September 30, 2024 |  | As of December 31, 2023
| (In thousands)
Beginning of year | 1,429 |  |  | 1,381 |
Issued | 516 |  |  | 261 |
Vested | (461) |  |  | (152) |
Forfeited | (59) |  |  | (61) |
End of period | 1,425 |  |  | 1,429 |
Amount of expense for the nine months and twelve months ended, respectively | $ | 5,963 |  |  | $ | 8,016 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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