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SHARE-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of restricted shares activity A summary of the status of the combined RSUs and PSUs is as follows:
NumberWeighted Average
Grant Date Fair Value
Outstanding at December 31, 2022
227,075$33.95 
Granted141,13827.81 
Cancelled or forfeited(90,917)24.45 
Vested(46,310)33.22 
Outstanding at December 31, 2023
230,986 $34.08 
Schedule of performance share units valuation assumptions
The assumptions used in the Monte Carlo simulations used to determine fair market value of the PSUs granted in 2023, 2022 and 2021 are set forth in the table below:
202320222021
Volatility of common stock42.7 %40.3 %40.5 %
Average volatility of peer companies45.0 %44.2 %43.5 %
Average correlation coefficient of peer companies0.8029 %0.8079 %0.8004 %
Risk-free interest rate4.2 %1.0 %0.2 %
Expected term in years3 years3 years3 years