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Share and Unit-based Plans (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024, 2023 and 2022:
 202420232022
 UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
Balance at beginning of year284,047 $11.79 295,054 $14.58 266,505 $19.05 
Granted169,878 15.28 251,738 10.92 209,146 13.43 
Vested(212,347)11.62 (262,745)14.08 (180,597)19.84 
Forfeited(1,031)15.27 — — — — 
Balance at end of year240,547 $14.39 284,047 $11.79 295,054 $14.58 
Schedule of LTIP Units Granted
The Company has granted the following LTI units during the years ended December 31, 2024, 2023 and 2022:
Grant DateUnitsTypeFair Value per LTI UnitVest Date
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 
2/15/2024305,129 Service-based$17.47 12/31/2026
2/15/2024280,637 Performance-based$17.37 12/31/2026
3/1/2024138,634 Service-based$16.41 12/31/2026
3/1/2024152,346 Service-based$16.41 3/1/2027
3/1/202476,173 Service-based$16.41 3/1/2028
3/1/202476,173 Service-based$16.41 3/1/2029
3/1/2024261,124 Performance-based$16.18 12/31/2026
11/12/202477,399 Service-based$19.38 11/30/2027
1,367,615 
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
1/1/20220.97 %70.83 %
1/1/20234.21 %74.23 %
2/15/20244.28 %45.04 %
3/1/20244.25 %45.09 %
Schedule of Activity of Stock Options
The following table summarizes the activity of the non-vested LTI Units during the years ended December 31, 2024, 2023 and 2022:
 202420232022
 UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
UnitsWeighted
Average
Grant Date
Fair Value
Balance at beginning of year2,256,847 $12.86 2,215,167 $12.90 1,837,691 $14.14 
Granted1,367,615 16.96 1,607,332 11.07 1,092,698 16.29 
Vested(1,126,234)15.25 (1,378,528)10.94 (386,828)15.86 
Forfeited(106,295)15.77 (187,124)12.15 (328,394)27.64 
Balance at end of year2,391,933 $13.95 2,256,847 $12.86 2,215,167 $12.90 
The following table summarizes the activity of vested stock options for the years ended December 31, 2024, 2023 and 2022:
 202420232022
 OptionsWeighted
Average
Exercise
Price
OptionsWeighted
Average
Exercise
Price
OptionsWeighted
Average
Exercise
Price
Balance at beginning of year26,371 $54.56 26,371 $54.56 37,515 $54.34 
Forfeited— $— — — (11,144)53.82 
Balance at end of year26,371 $54.56 26,371 $54.56 26,371 $54.56 
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, 2024, 2023 and 2022:
 202420232022
 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 year17,043 $14.19 34,039 $14.19 — $— 
Granted6,157 16.01 6,513 11.48 61,420 14.35 
Vested(19,290)17.65 (23,509)13.44 (27,381)14.55 
Forfeited(3,910)16.43 — — — — 
Balance at end of year— $— 17,043 $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, 2024, 2023 and 2022:
        
202420232022
Stock units$2,359 $3,150 $3,110 
LTI units11,353 12,599 18,611 
Phantom stock units276 316 398 
$13,988 $16,065 $22,119