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Share and Unit-Based Plans (Tables) | 3 Months Ended
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Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of LTI Units Granted | During the three months ended March 31, 2025, the Company granted the following LTI Units:
Grant Date |  | Units |  | Type |  | Fair Value per LTI Unit |  | Vest Date
2/21/2025 |  | 193,776 |  |  | Service-based |  | $20.88 |  | 12/31/2027
2/21/2025 |  | 504,780 |  |  | Performance-based |  | $34.81 |  | 12/31/2027
|  | 698,556 |  |  |  |  |  |  |
Schedule of Activity of Non-vested LTI Units, Stock Awards, Phantom Stock and Stock Units | The following table summarizes the activity of the non-vested LTI Units, phantom stock units and stock units:
| LTI Units |  |  |  | Phantom Stock Units |  | Stock Units
| Units |  | Value(1) |  |  |  |  |  | Units |  | Value(1) |  | Units |  | Value(1)
Balance at January 1, 2025 | 2,391,933 |  |  | $ | 13.95 |  |  |  |  |  |  | — |  |  | $ | — |  |  | 240,547 |  |  | $ | 14.39 |
Granted | 698,556 |  |  | 30.95 |  |  |  |  |  |  | 8,637 |  |  | 19.63 |  |  | 71,252 |  |  | 19.45 |
Vested | (73,514) |  |  | 15.87 |  |  |  |  |  |  | (2,822) |  |  | 19.02 |  |  | (83,855) |  |  | 14.34 |
Balance at March 31, 2025 | 3,016,975 |  |  | $ | 17.84 |  |  |  |  |  |  | 5,815 |  |  | $ | 19.92 |  |  | 227,944 |  |  | $ | 15.99 |
(1) Value represents the weighted average grant date fair value.
Schedule of Activity of SARs and Stock Options Outstanding | The following table summarizes the activity of the vested stock options outstanding:
|  |  | Stock Options
|  |  |  |  | Units |  | Value(1)
Balance at January 1, 2025 |  |  |  |  | 26,371 |  |  | $ | 54.56 |
Granted |  |  |  |  | — |  |  | — |
Balance at March 31, 2025 |  |  |  |  | 26,371 |  |  | $ | 54.56 |
(1) Value represents the weighted average exercise price.
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 Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
LTI Units |  |  |  |  | $ | 2,697 |  |  | $ | 2,176 |
Stock units |  |  |  |  | 731 |  |  | 791 |
Phantom stock units |  |  |  |  | 54 |  |  | 79 |
|  |  |  |  | $ | 3,482 |  |  | $ | 3,046 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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