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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Valuation Assumptions The following table summarizes the Company's significant assumptions used in the Monte Carlo simulation models:
Three months ended
March 31, 2023
Three months ended
March 31, 2022
Volatility34.00%33.89%
Risk free interest rate4.45%0.79%—%1.76%
Dividend Yield3.20%3.24%
Schedule of Restricted Stock Unit Activity
The following table summarizes the Company's RSU activity during the three months ended March 31, 2023:
Unvested Time-
Based RSUs
Unvested Performance
and Market-Based RSUs
Weighted-Average Grant
Date Value Per Share
Outstanding as of January 1, 2023123,427 712,051 $23.35 
Shares granted109,793 445,828 $18.08 
Shares vested— (60,042)$31.40 
Unearned performance shares added back to Share Limit— (69,803)$31.40 
Outstanding as of March 31, 2023233,220 1,028,034 $18.06