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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 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:
|  | Six months ended June 30, 2023 |  | Six months ended June 30, 2022
Volatility |  | 34.00% |  | 33.89%
Risk free interest rate |  | 4.45% |  | 0.79% | - | 1.76%
Dividend Yield |  | 3.20% |  | 3.24%
Schedule of Restricted Stock Unit Activity | The following table summarizes the Company's RSU activity during the six months ended June 30, 2023:
| Unvested Time- Based RSUs |  | Unvested Performance and Market-Based RSUs |  | Weighted-Average Grant Date Value Per Share
Outstanding as of January 1, 2023 | 123,427 |  |  | 712,051 |  |  | $ | 23.35 |
Shares granted | 152,393 |  |  | 445,828 |  |  | $ | 18.40 |
Shares vested | (30,256) |  |  | (60,042) |  |  | $ | 30.85 |
Unearned performance shares added back to Share Limit | — |  |  | (69,803) |  |  | $ | 31.40 |
Outstanding as of June 30, 2023 | 245,564 |  |  | 1,028,034 |  |  | $ | 20.03 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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