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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024, 2023 and 2022, compensation expense and the related income tax benefit recognized for stock options and restricted stock were as follows:

(dollars in thousands)

 

2024

 

 

2023

 

 

2022

 

Compensation Expense

 

$

14,444

 

 

$

15,656

 

 

$

16,066

 

Income Tax Benefit

 

 

3,832

 

 

 

4,153

 

 

 

4,262

 

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, 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

 

 

578,788

 

 

$

81.30

 

 

 

 

Granted

 

 

236,992

 

 

 

63.57

 

 

 

 

Vested

 

 

(210,125

)

 

 

83.58

 

 

$

12,825

 

Forfeited

 

 

(5,240

)

 

 

69.23

 

 

 

 

Unvested as of December 31, 2024 1

 

 

600,415

 

 

$

73.61

 

 

 

 

1.
As of December 31, 2024 and 2023, 106,072 shares and 109,863 shares, respectively, 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, 2024, 2023 and 2022:

 

(dollars in thousands)

 

2024

 

 

2023

 

 

2022

 

Intrinsic Value of Stock Options Exercised

 

$

 

 

$

 

 

$

679

 

Cash Received from Stock Options Exercised

 

 

 

 

 

 

 

 

786

 

Tax Benefits Realized from Stock Options Exercised

 

 

 

 

 

 

 

 

166