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Common Stock, Compensation Plans and Other (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Transactions under Plan
The table below summarized the stock option transactions under the Plan at December 31, 2024, 2023 and 2022 and changes during the years then ended:
202420232022
Shares
(000)
Weighted-
average
Exercisable
Price
Shares
(000)
Weighted-
average
Exercisable
Price
Shares
(000)
Weighted-
average
Exercisable
Price
Outstanding, beginning of year2,776 $20.95 2,971 $20.45 3,015 $20.06 
Granted10 29.41 25 22.63 183 21.13 
Forfeited/Expired(35)21.87 (10)23.38 (96)21.89 
Exercised(1,161)18.65 (210)14.01 (131)11.30 
Outstanding, end of year1,590 22.66 2,776 20.95 2,971 20.45 
Exercisable, end of year1,044 22.34 1,940 20.05 1,837 18.89 
Summary of Stock Options on Valuation Assumptions
The assumptions used in determining the fair value of 2024, 2023 and 2022 stock option grants were as follows:
For the Years Ended December 31,
202420232022
Expected dividend yield2.65 %2.98 %3.14 %
Expected stock price volatility28.47 %27.97 %31.18 %
Risk-free interest rate4.25 %3.37 %2.82 %
Expected life of options6.5 years6.5 years6.5 years
Summary of Currently Outstanding and Exercisable Options
The following is a summary of currently outstanding and exercisable options at December 31, 2024:
Options OutstandingOptions Exercisable
Exercise PricesOptions
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
24 0.29$17.12 24 $17.12 
$18.00 to $19.99
118 1.3218.57 118 18.57 
$20.00 to $21.99
159 4.0120.83 128 20.89 
$22.00 to $23.99
1,221 3.6623.22 735 23.18 
$24.00 to $25.99
58 3.8725.42 39 25.96 
$26.00 to $27.99
— 0.00— — — 
$28.00 to $29.99
10 9.8529.41 — — 
1,590 1,044 
Summary of Company's Restricted Stock Issued and Outstanding
The table below summarizes the activity for the Company’s restricted stock issued and outstanding at December 31, 2024, 2023 and 2022 and changes during the years then ended:
202420232022
(In thousands)
Beginning of year1,429 1,381 1,231 
Issued531 261 409 
Vested(469)(152)(178)
Forfeited(62)(61)(81)
End of year1,429 1,429 1,381 
Amount of expense for twelve months ended$8,228 $8,016 $7,646