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Equity Incentive Plan (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of the unvested restricted shares | A summary of the unvested restricted shares is as follows:
| 2024 |  | 2023 |  | 2022
| Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested at January 1, | 2,305,303 |  |  | $ | 13.52 |  |  | 2,267,870 |  |  | $ | 15.32 |  |  | 2,380,283 |  |  | $ | 15.43 |
Granted | 925,731 |  |  | 11.57 |  |  | 991,453 |  |  | 10.84 |  |  | 569,600 |  |  | 15.10 |
Vested | (1,610,821) |  |  | 14.20 |  |  | (928,192) |  |  | 15.07 |  |  | (647,426) |  |  | 15.65 |
Forfeited | (30,924) |  |  | 11.00 |  |  | (25,828) |  |  | 13.13 |  |  | (34,587) |  |  | 13.15 |
Unvested at December 31, | 1,589,289 |  |  | $ | 11.74 |  |  | 2,305,303 |  |  | $ | 13.52 |  |  | 2,267,870 |  |  | $ | 15.32 |
Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest | A summary of the performance unit awards is as follows:
Date of Award |  | Number of Units Granted |  | Grant Date Fair Value |  | Conversion Range |  | Risk Free Interest Rate |  | Volatility
February 2021 (1) |  | 431,151 |  | $20.90 |  | 0% to 200% |  | 0.23% |  | 69.47%
February 2022 |  | 407,024 |  | $21.96 |  | 0% to 200% |  | 1.70% |  | 70.15%
February 2023 |  | 574,846 |  | $16.90 |  | 0% to 200% |  | 4.33% |  | 66.70%
February 2024 |  | 703,325 |  | $15.13 |  | 0% to 200% |  | 4.43% |  | 35.60%
(1) In February 2024, following the end of the measurement period, the Company met certain threshold criterion and the performance units converted into approximately 253,000 restricted shares, all of which vested immediately. The total fair value of the vested shares related to the conversion of the performance units (calculated as the number of vested shares multiplied by the vesting date share price) during the year ended December 31, 2024 was approximately $3.0 million.

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (e)(1) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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