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Common Stock, Compensation Plans and Other (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Summary of Stock Option Transactions under Plan
The table below summarizes the stock option transactions under the Plan at March 31, 2025 and December 31, 2024 and changes during the three-month period and year then ended:
For the Three Months Ended March 31, 2025
For the Year Ended
December 31, 2024
Shares (000) Weighted-
Average
Exercisable
Price
Shares (000) Weighted-
Average
Exercisable
Price
Outstanding, beginning of year1,590 $22.66 2,776 $20.95 
Granted— — 10 29.41 
Forfeited/Expired(7)21.78 (35)21.87 
Exercised(183)21.36 (1,161)18.65 
Outstanding, end of period1,400 22.84 1,590 22.66 
Exercisable, end of period1,110 22.72 1,044 22.34 
Summary of Stock Options on Valuation Assumptions
The assumptions used in determining the fair value of the 2025 and 2024 stock option grants were as follows:
For the Three Months Ended March 31, 2025
For the Year Ended December 31, 2024
Expected dividend yieldNot applicable2.65 %
Expected stock price volatilityNot applicable28.47 %
Risk-free interest rateNot applicable4.25 %
Expected life of optionsNot applicable6.5 years
Summary of Currently Outstanding and Exercisable Options
The following is a summary of currently outstanding and exercisable options at March 31, 2025:
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
0.04$17.12 $17.12 
$18.00 to $19.99
72 1.51$18.64 72 $18.64 
$20.00 to $21.99
151 3.5920.85 127 20.91 
$22.00 to $23.99
1,106 3.4223.21 862 23.20 
$24.00 to $25.99
57 3.5625.43 45 25.74 
$28.00 to $29.99
10 9.6129.41— — 
1,400 1,110 
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 March 31, 2025 and December 31, 2024 and changes during the period and year then ended:
As of
March 31, 2025
As of
December 31, 2024
(In thousands)
Beginning of year1,429 1,429 
Issued263 531 
Vested(425)(469)
Forfeited(11)(62)
End of period1,256 1,429 
Amount of expense for the three months and twelve months ended, respectively
$2,565 $8,228