XML 42 R30.htm IDEA: XBRL DOCUMENT v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Significant Assumptions Used in the Monte Carlo Simulation Models
The following table summarizes the Company's significant assumptions used in the Monte Carlo simulation models:
At Grant Date
20252024
Volatility27.00%31.00%
Risk free interest rate4.35%4.42%
Dividend Yield3.30%3.40%
Schedule of Restricted Stock Unit Activity
The following table summarizes the Company's restricted stock unit ("RSU") activity during the three months ended March 31, 2025 under the Incentive Award Plan:
Unvested Time-
Based RSUs
Unvested Performance
and Market-Based RSUs
Weighted-Average Grant
Date Price Per Share
Outstanding as of January 1, 2025187,775 1,146,728 $17.71
Shares granted145,859 361,634 $22.68
Shares vested— (188,101)$16.41
Unearned performance shares— (188,100)$16.41
Shares forfeited(1,275)(1,992)$19.90
Outstanding as of March 31, 2025332,359 1,130,169 $19.76
Schedule of Common Stock Activity Under the ESPP
The following table summarizes the Company's common stock activity under the ESPP:
Three months ended
March 31, 2025
Gross shares purchased10,412
Discounted issuance price$20.14
Issuance proceeds$210
Schedule of Stock-based Compensation Expense
The following table summarizes the Company's stock-based compensation expense:
Three months ended March 31
20252024
Incentive Award Plan, net (a)$2,728 $2,156 
Employee Stock Purchase Plan (b)38 35 
Stock-based compensation, net$2,766 $2,191 
(a)As of March 31, 2025, there was $18,942 of total estimated unrecognized compensation expense to be recognized through December 2028.
(b)As of March 31, 2025, there was $45 of total estimated unrecognized compensation expense to be recognized through December 2026.