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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount The following is a summary of share-based compensation expense, net of any forfeitures, included in “General and administrative expenses” in the Consolidated Statements of Income ($ in thousands):
December 31, 2024December 31, 2023December 31, 2022
Shared-based compensation components:
  Restricted stock expense$676 $310 $— 
  Stock option expense3,506 4,295 8,613 
Total share-based compensation expense$4,182 $4,605 $8,613 
Schedule of Stock Option Valuation Assumptions The fair value of each grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
December 31, 2024December 31, 2023December 31, 2022
Dividend yield6.4%6.9%7.0%
Expected volatility26.1%39.0%49.3%
Expected lives2.9 years2.9 years2.9 years
Risk-free interest rate4.49%4.56%1.75%
Schedule of Stock Option Activity
The following tables summarize our outstanding stock options:
Weighted Average
NumberWeighted AverageRemaining
of SharesExercise PriceContractual Life (Years)
Outstanding December 31, 20211,652,505 $78.10
Options granted under 2019 Plan718,000 $53.62
Options exercised under 2019 Plan(56,832)$53.41
Options forfeited (23,000)$62.33
Options expired(74,498)$77.93
Outstanding December 31, 20222,216,175 $70.97
Options granted under 2019 Plan385,500 $54.73
Options exercised (5,166)$53.41
Options forfeited(61,168)$66.44
Options expired(88,170)$64.33
Outstanding December 31, 20232,447,171 $68.80
Options granted under 2019 Plan431,000 $57.76
Options exercised(1,065,119)$58.24
Options forfeited(95,000)$68.00
Options expired(301,837)$79.96
Outstanding December 31, 20241,416,215 $71.061.78
Exercisable at December 31, 20241,075,521 $75.561.12
Remaining
GrantNumberExerciseContractual
Dateof SharesPriceLife in Years
2/21/2020491,000 $90.79 0.14
2/25/2021322,500 $69.20 1.15
2/25/2022126,560 $53.41 2.15
2/24/2023171,650 $54.73 3.15
2/23/2024304,505 $57.76 4.15
Options outstanding, December 31, 20241,416,215 
Schedule of Nonvested Share Activity
The following table summarizes our outstanding non-vested stock options:

Number of SharesWeighted Average Grant Date Fair Value
Non-vested December 31, 2023368,344 $11.48
Options granted under 2019 Plan431,000 $7.36
Options vested under 2019 Plan(458,650)$9.68
Non-vested December 31, 2024340,694 $8.71