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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Cash Proceeds Received from Share-based Payment Awards
The following table presents a summary of cash received, compensation costs recognized and excess tax benefit, related to the Company's share-based awards:
Year Ended December 31,
202420232022
(Amounts in thousands)
Cash received from stock option exercises$752 $— $— 
Compensation cost, all share-based awards4,648 — 15 
Excess tax benefit, all share-based awards(87)— (1)
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table provides the assumptions used in the calculation of grant-date fair values of these stock options based on the Black-Scholes option pricing model:
Weighted-average grant-date fair value$8.09 
Expected volatility33.18 %
Risk-free interest rate2.62 %
Expected dividend yield5.40 %
Expected term in months72
Summary of Stock Option Activity
The following table presents a summary of the stock option activity for the year ended December 31, 2024:
SharesWeighted-Average
Exercise Price
Outstanding at January 1, 2024
17,500$43.01 
Exercised(17,500)$43.01 
Canceled or expired— $— 
Outstanding at December 31, 2024
$— 
Exercisable at December 31, 2024
$— 
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award
The following table presents the summary of the performance-based PSU grants as of December 31, 2024:
Grant year2024
Three-year performance period ending December 31, 2026
Vesting shares, target (net of forfeited)197,516
Vesting shares, maximum (net of forfeited)296,274
Share-Based Payment Arrangement, Performance Shares, Activity
The following table presents a summary of performance-based PSU awards activity, based on target vesting, during 2024:
 SharesWeighted-
Average  Fair
Value per Share
Outstanding at January 1$— 
Granted200,532 $39.12 
Vested— $— 
Forfeited/Canceled(3,016)$59.80 
Expired— $— 
Outstanding at December 31197,516$66.48 
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The following table presents a summary of restricted PSU awards activity during 2024:
 SharesWeighted-
Average  Fair
Value per Share
Outstanding at January 1$— 
Granted36,315 $61.67 
Vested— $— 
Forfeited/Canceled(726)$62.98 
Expired— $— 
Outstanding at December 3135,589$66.48