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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Share-based Payment Award, Valuation Assumptions

The following table summarizes the Company's significant assumptions used in the Monte Carlo simulation models:

						At Grant Date
						2023												2022
Volatility						34.00%												33.89%
Risk free interest rate						4.45%												0.79		%	-			1.76%
Dividend Yield						3.20%												3.24%

Summary of Restricted Stock Unit Activity

The following table summarizes the Company's RSU activity during the years ended December 31, 2023, 2022, and 2021:

			Unvested Time- Based RSUs						Unvested Performance and Market-Based RSUs						Weighted Average Grant Date Price Per Share
Outstanding as of January 1, 2021			110,382						332,095						$31.40
Shares granted			209,539						218,835						$28.90
Shares vested			(167,806)						—						$30.04
Shares forfeited			(13,880)						(79,562)						$30.73
Outstanding as of December 31, 2021			138,235						471,368						$30.12
Shares granted			127,862						396,338						$18.97
Shares vested			(135,491)						(76,520)						$29.36
Unearned performance shares added back to Share Limit			—						(61,102)						$31.40
Shares forfeited			(7,179)						(18,033)						$23.42
Outstanding as of December 31, 2022			123,427						712,051						$23.35
Shares granted			152,393						445,828						$18.40
Shares vested			(126,885)						(60,042)						$29.50
Unearned performance shares added back to Share Limit			—						(69,803)						$31.40
Shares forfeited			(1,343)						(3,263)						$19.51
Outstanding as of December 31, 2023			147,592						1,024,771						$19.36

Summary of Common Stock Activity Under the ESPP

The following table summarizes the Company's common stock activity under the ESPP:

			Year ended December 31, 2023
Shares purchased			11,728
Issuance price			$20.07
Issuance proceeds			$235

Summary of Company's Stock-Based Compensation Expense

The following table summarizes the Company's stock-based compensation expense:

			Year ended December 31,
			2023						2022						2021
Incentive Award Plan, net (a)			$	8,953					$	6,541					$	9,116
Employee Stock Purchase Plan (b)			68						—						—
Stock-based compensation expense, net			$	9,021		9021			$	6,541					$	9,116

(a)As of December 31, 2023, there was $9,975 of total estimated unrecognized compensation expense related to the Incentive Award Plan which will be recognized through December 2025.

(b)As of December 31, 2023, there was $205 of total estimated unrecognized compensation expense related to the ESPP which will be recognized through June 2025

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Schedule of Share-based Payment Award, Valuation Assumptions

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
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Tabular disclosure of employee stock purchase plan activity.

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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.

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