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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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 granted179,267 361,634 $22.98
Shares vested(38,632)(188,101)$17.85
Unearned performance shares— (188,100)$16.41
Shares forfeited(9,381)(3,401)$24.34
Outstanding as of June 30, 2025319,029 1,128,760 $19.77
Schedule of Common Stock Activity Under the ESPP
The following table summarizes the Company's common stock activity under the ESPP:
Six months ended
June 30, 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 June 30Six months ended June 30
2025202420252024
Incentive Award Plan, net (a)$2,680 $2,532 $5,408 $4,688 
Employee Stock Purchase Plan (b)38 34 76 69 
Stock-based compensation, net$2,718 $2,566 $5,484 $4,757 
(a)As of June 30, 2025, there was $16,934 of total estimated unrecognized compensation expense to be recognized through December 2028.
(b)As of June 30, 2025, there was $7 of total estimated unrecognized compensation expense to be recognized through December 2026.