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Stock-Based Compensation (Tables)

6 Months Ended

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

Schedule of Share-based Payment Award, Valuation Assumptions

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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

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