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Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
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:
20252024
Dividend yield5.2%6.4%
Expected volatility24.1%26.1%
Expected lives2.95 years2.9 years
Risk-free interest rate3.94%4.49%
Schedule of Stock Option Activity
The following table summarizes our outstanding stock options:
Weighted Average
NumberWeighted AverageRemaining
of SharesExercise PriceContractual Life (Years)
Options outstanding, January 1, 20242,447,171 $68.80
Options granted 431,000 $57.76
Options expired(301,837)$79.96
Options outstanding, March 31, 2024
2,576,334 $65.89
Exercisable at March 31, 2024
2,235,640 $66.99
Options outstanding, January 1, 20251,416,215 $71.06
Options granted557,000 $73.34
Options exercised(73,984)$56.10
Options forfeited(23,501)$56.75
Options expired(491,000)$90.79
Options outstanding, March 31, 2025
1,384,730 $66.033.35
Exercisable at March 31, 2025
940,874 $64.442.73
Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award The following is a summary of share-based compensation expense, net of any forfeitures, included in “General and administrative expenses” in the Condensed Consolidated Statements of Income ($ in thousands):
Three Months Ended
March 31,
20252024
Share-based compensation components:
  Restricted stock expense$224 $158 
  Stock option expense2,334 1,997 
Total share-based compensation expense$2,558 $2,155