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Share and Unit-based Plans (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity of Non-vested Stock Units The following table summarizes the activity of non-vested stock units during the years ended December 31, 2023, 2022 and 2021:
 202320222021
 UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
Balance at beginning of year295,054 $14.58 266,505 $19.05 309,845 $21.47 
Granted251,738 10.92 209,146 13.43 169,112 14.61 
Vested(262,745)14.08 (180,597)19.84 (211,465)19.03 
Forfeited— — — — (987)22.12 
Balance at end of year284,047 $11.79 295,054 $14.58 266,505 $19.05 
Schedule of LTIP Units Granted
The Company has granted the following LTI units during the years ended December 31, 2023, 2022 and 2021:
Grant DateUnitsTypeFair Value per LTI UnitVest Date
1/1/2021576,378 Service-based$10.67 12/31/2023
1/1/20211,005,073 Performance-based$9.85 12/31/2023
1,581,451 
1/1/2022376,153 Service-based$17.28 12/31/2024
1/1/2022716,545 Performance-based$15.77 12/31/2024
1,092,698 
1/1/2023577,255 Service-based$11.26 12/31/2025
1/1/20231,030,077 Performance-based$10.97 12/31/2025
1,607,332 
Schedule LTIP Units Valuation Assumptions
The fair value of the market-indexed LTI Units and performance-based LTI Units (Level 3) were estimated on the date of grant using a Monte Carlo Simulation model that based on the following assumptions:
Grant DateRisk Free Interest RateExpected Volatility
1/1/20210.17 %62.82 %
1/1/20220.97 %70.83 %
1/1/20234.21 %74.23 %
Schedule of Activity of Stock Options
The following table summarizes the activity of the non-vested LTI Units during the years ended December 31, 2023, 2022 and 2021:
 202320222021
 UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
Balance at beginning of year2,215,167 $12.90 1,837,691 $14.14 784,052 $28.11 
Granted1,607,332 11.07 1,092,698 16.29 1,581,451 10.15 
Vested(1,378,528)10.94 (386,828)15.86 (286,373)17.62 
Forfeited(187,124)12.15 (328,394)27.64 (241,439)29.25 
Balance at end of year2,256,847 $12.86 2,215,167 $12.90 1,837,691 $14.14 
The following table summarizes the activity of vested stock options for the years ended December 31, 2023, 2022 and 2021:
 202320222021
 OptionsWeighted
Average
Exercise
Price
OptionsWeighted
Average
Exercise
Price
OptionsWeighted
Average
Exercise
Price
Balance at beginning of year26,371 $54.56 37,515 $54.34 37,515 $54.34 
Granted— — — — — — 
Forfeited— $— (11,144)53.82 — — 
Balance at end of year26,371 $54.56 26,371 $54.56 37,515 $54.34 
Schedule of Activity of Non-vested Phantom Stock Units
The following table summarizes the activity of the non-vested phantom stock units for the years ended December 31, 2023, 2022 and 2021:
 202320222021
 Stock UnitsWeighted
Average
Grant Date
Fair Value
Stock UnitsWeighted
Average
Grant Date
Fair Value
Stock UnitsWeighted
Average
Grant Date
Fair Value
Balance at beginning of year34,039 $14.19 — $— 4,662 $35.35 
Granted6,513 11.48 61,420 14.35 17,554 12.09 
Vested(23,509)13.44 (27,381)14.55 (22,216)16.97 
Balance at end of year17,043 $14.19 34,039 $14.19 — $— 
Schedule of Compensation Cost Under the Share and Unit-based Plans
The following summarizes the compensation cost under the share and unit-based plans for the years ended December 31, 2023, 2022 and 2021:
        
202320222021
Stock units$3,150 $3,110 $3,173 
LTI units12,599 18,611 14,448 
Phantom stock units316 398 377 
$16,065 $22,119 $17,998