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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Expense and Related Income Tax Benefit Recognized for All Share-Based Awards For the years ended December 31, 2023, December 31, 2022, and December 31, 2021, compensation expense and the related income tax benefit recognized for stock options and restricted stock were as follows:

(dollars in thousands)

 

2023

 

 

2022

 

 

2021

 

Compensation Expense

 

$

15,656

 

 

$

16,066

 

 

$

13,267

 

Income Tax Benefit

 

 

4,153

 

 

 

4,262

 

 

 

3,520

 
Schedule of Activity for Restricted Stock

The following table presents the activity for restricted stock:

 

 

 

Number of Shares

 

 

Weighted Average
Grant Date Fair Value

 

 

Grant Date Fair
Value of
Restricted Stock
that Vested
During the Year
(in thousands)

 

Unvested as of December 31, 2020

 

 

328,769

 

 

$

82.02

 

 

 

 

Granted

 

 

292,007

 

 

 

90.23

 

 

 

 

Vested

 

 

(97,278

)

 

 

78.55

 

 

$

8,673

 

Forfeited

 

 

(22,962

)

 

 

86.48

 

 

 

 

Unvested as of December 31, 2021

 

 

500,536

 

 

$

87.28

 

 

 

 

Granted

 

 

192,030

 

 

 

85.80

 

 

 

 

Vested

 

 

(138,823

)

 

 

83.21

 

 

$

11,640

 

Forfeited

 

 

(13,074

)

 

 

86.96

 

 

 

 

Unvested as of December 31, 2022

 

 

540,669

 

 

$

87.81

 

 

 

 

Granted

 

 

201,378

 

 

 

67.78

 

 

 

 

Vested

 

 

(129,294

)

 

 

86.47

 

 

$

9,190

 

Forfeited

 

 

(33,965

)

 

 

85.13

 

 

 

 

Unvested as of December 31, 2023 1

 

 

578,788

 

 

$

81.30

 

 

 

 
1.
As of December 31, 2023, 109,863 shares were unvested from service-based grants.
Summary of Certain Stock Option Activity

The following summarizes certain stock option activity of the Company for the years ended December 31, 2023, December 31, 2022, and December 31, 2021:

 

(dollars in thousands)

 

2023

 

 

2022

 

 

2021

 

Intrinsic Value of Stock Options Exercised

 

$

—

 

 

$

679

 

 

$

6,755

 

Cash Received from Stock Options Exercised

 

 

—

 

 

 

786

 

 

 

7,473

 

Tax Benefits Realized from Stock Options Exercised

 

 

—

 

 

 

166

 

 

 

1,611