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Stock-Based Compensation and Stock Awards (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of RSA Activity | The Company’s RSA activity and related information is presented below:
|  | Restricted Stock |  |  | Weighted- average Grant Date Fair Value |
Unvested at December 31, 2022 |  |  | 579,804 |  |  | $ | 23.34 |
Granted |  |  | 330,696 |  |  |  | 22.93 |
Vested |  |  | (250,176 | ) |  |  | 23.42 |
Forfeited |  |  | (50,493 | ) |  |  | 23.92 |
Unvested at December 31, 2023 |  |  | 609,831 |  |  | $ | 23.04 |
Schedule of Assumptions Used in Monte Carlo Simulation | Assumptions used in the Monte Carlo simulation are as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Grant date |  | October 28, 2023 |  |  | October 28, 2022 |  |  | October 28, 2021 |
Performance period |  | October 1, 2023 to September 30, 2026 |  |  | October 1, 2022 to September 30, 2025 |  |  | October 1, 2021 to September 30, 2024 |
Volatility |  | 49.0% |  |  | 57.3% |  |  | 56.1% |
Risk-free interest rate |  | 4.9% |  |  | 4.4% |  |  | 0.8% |
Grant date price |  | $ | 22.78 |  |  | $ | 23.28 |  |  | $ | 23.54 |
Summary of PSA Activity | The Company’s Performance Unit activity and related information is presented below:
|  | Number of Performance Units |  |  | Weighted Average Grant Date Fair Value Per Unit |
Unvested balance at December 31, 2022 |  |  | 331,820 |  |  | $ | 29.06 |
Granted |  |  | 147,053 |  |  |  | 24.80 |
Forfeited |  |  | (72,292 | ) |  |  | 32.05 |
Unvested balance at December 31, 2023 |  |  | 406,581 |  |  | $ | 26.99 |
Schedule of DSA Activity | The Company’s DSA activity for the year ended December 31, 2023 is presented below:
|  | DSA Number of Shares |  |  | Weighted Average Grant Date Fair Value Per Share |
Unvested balance at December 31, 2022 |  |  | 71,935 |  |  | $ | 24.85 |
Granted |  |  | 56,816 |  |  |  | 24.14 |
Vested |  |  | (50,877 | ) |  |  | 25.24 |
Unvested balance at December 31, 2023 |  |  | 77,874 |  |  | $ | 24.08 |
Schedule of Information for Stock Option Plans | The following table summarizes information for equity compensation plans in effect as of December 31, 2023:
|  | Number of securities to be issued upon exercise of outstanding options, warrants and rights (1) |  |  | Weighted- average exercise price of outstanding options, warrants and rights (2) |  |  | Number of securities remaining available for future issuance under equity compensation plan |
Plan category |  | (a) |  |  | (b) |  |  | (c) |
Equity compensation plans approved by stockholders |  |  | 406,581 |  |  | $ | 26.99 |  |  |  | 634,997 |
Total |  |  | 406,581 |  |  | $ | 26.99 |  |  |  | 634,997 |
(1) Excludes 687,705 shares of unvested RSAs and DSAs, which were granted pursuant to the 2017 Plan. Includes 406,581 unvested Performance Units shown at 100% level of performance achievement. (2) The weighted average exercise price does not take into account 406,581 unvested Performance Units, which do not have an exercise price.

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