XML 53 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1
Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of the unvested restricted shares
A summary of the unvested restricted shares is as follows:

 202420232022
 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 AwardNumber of
Units Granted

Grant Date Fair
Value
Conversion RangeRisk Free Interest RateVolatility
February 2021 (1)431,151$20.90
0% to 200%
0.23%69.47%
February 2022407,024$21.96
0% to 200%
1.70%70.15%
February 2023574,846$16.90
0% to 200%
4.33%66.70%
February 2024703,325$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.