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Share-Based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Statement of Weighted-Average Assumptions Used and Resulting Weighted-Average Fair Value of Option | The following table presents the weighted-average assumptions used and the resulting weighted-average fair value of each option granted for the years ended December 31, 2024, 2023 and 2022.
|  |  | For the Years Ended December 31,
|  |  | 2024 |  | 2023 |  | 2022
Weighted-average risk-free interest rate |  |  | 4.46 | % |  | — | % |  | — | %
Expected dividend yield |  |  | — | % |  | — | % |  | — | %
Weighted-average expected volatility |  |  | 54.71 | % |  | — | % |  | — | %
Weighted-average expected life (in years) |  |  | 7 |  | 0 |  | 0
Weighted-average fair value of each option granted |  |  | $ | 28.31 |  |  | $ | — |  |  | $ | — |
Summary of Stock Option Activity | The following table summarizes stock option activity for the year ended December 31, 2024:
(dollars in thousands, except weighted-average exercise price) | Number of Options |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term in Years |  | Aggregate Intrinsic Value
Outstanding, December 31, 2023 | 1,339,396 |  |  | $ | 27.56 |  |  |  |  |
Granted | 19,164 |  |  | 46.98 |  |  |  |  |
Exercised | (40,392) |  |  | 19.06 |  |  |  |  | $ | 1,526 |
Forfeited | (26,153) |  |  | 27.97 |  |  |  |  |
Outstanding, December 31, 2024 | 1,292,015 |  |  | $ | 28.10 |  |  | 4.5 |  | $ | 26,588 |
Exercisable at December 31, 2024 | 722,851 |  |  | $ | 25.87 |  |  | 3.1 |  | $ | 16,487 |
Summary of Non-Vested Options | A summary of the status of Customers’ non-vested options at December 31, 2024, and changes during the year ended December 31, 2024 was as follows:
| Number of Options |  | Weighted- Average exercise price
Non-vested at December 31, 2023 | 605,741 |  |  | $ | 29.73 |
Granted | 19,164 |  |  | 46.98 |
Vested | (30,741) |  |  | 19.28 |
Forfeited | (25,000) |  |  | 28.37 |
Non-vested at December 31, 2024 | 569,164 |  |  | 30.93 |
Status of Restricted Stock | The table below presents the status of the restricted stock units at December 31, 2024, and changes during the year ended December 31, 2024:
| Restricted Stock Units |  | Weighted- Average Grant- Date Fair Value
Outstanding and unvested at December 31, 2023 | 1,159,782 |  |  | $ | 26.78 |
Granted | 364,899 |  |  | 48.46 |
Vested | (316,088) |  |  | 29.43 |
Forfeited | (98,471) |  |  | 32.85 |
Outstanding and unvested at December 31, 2024 | 1,110,122 |  |  | 32.61 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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