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Long-Term Incentive Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Authorized Shares that Remain Available for Issuance | The following table presents the amount of the plan’s authorized shares and those that remain available for issuance as of December 31, 2024. The Plan allowed the Company to authorize shares subject to options or, in lieu of options, shares in the form of stock awards.
|  | Authorized Awards |  | Authorized but Not Issued
|  | Stock Options |  | or |  | Stock Awards |  | Stock Options |  | or |  | Stock Awards
2020 Plan |  | 6,950,000 |  |  |  |  | 2,780,000 |  |  | 2,734,577 |  |  |  |  | 1,093,830 |
Schedule of Valuation Assumptions of Stock Options | The fair value of these awards were estimated through the use of the Monte Carlo valuation model at the time of grant, applying the following assumptions:
| 2024 |  | 2023 |  | 2022
Risk-free interest rate | 4.47 | % |  | 4.56 | % |  | 1.36 | %
Expected performance period | 2.8 years |  | 2.8 years |  | 2.9 years
Expected volatility | 34.00 | % |  | 35.80 | % |  | 41.10 | %
Schedule of Granted but Unvested Stock Award Activity | A summary of the granted but unvested stock award activity, which included both time- and performance-based stock awards, for the years ended December 31, 2024, 2023 and 2022 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
Outstanding at beginning of year: |  | 814,489 |  |  | $ | 21.73 |  |  | 835,340 |  |  | $ | 21.84 |  |  | 778,971 |  |  | $ | 22.30 |
Granted |  | 554,081 |  |  | 15.35 |  |  | 322,425 |  |  | 22.14 |  |  | 279,750 |  |  | 21.47 |
Vested |  | (200,254) |  |  | 22.41 |  |  | (228,370) |  |  | 22.55 |  |  | (190,094) |  |  | 23.14 |
Forfeited |  | (96,781) |  |  | 21.93 |  |  | (114,906) |  |  | 22.07 |  |  | (33,287) |  |  | 22.17 |
Outstanding at end of year |  | 1,071,535 |  |  | $ | 18.29 |  |  | 814,489 |  |  | $ | 21.73 |  |  | 835,340 |  |  | $ | 21.84 |
Schedule of Option Activity | A summary of option activity for the years ended December 31, 2024, 2023 and 2022 is as follows:
|  | 2024 |  | 2023 |  | 2022
|  | Number of Shares |  | Weighted Average Exercise Price |  | Number of Shares |  | Weighted Average Exercise Price |  | Number of Shares |  | Weighted Average Exercise Price
Outstanding at beginning of year |  | 1,969,439 |  |  | $ | 22.42 |  |  | 2,210,684 |  |  | $ | 21.66 |  |  | 2,458,255 |  |  | $ | 21.02 |
Exercised |  | (33,125) |  |  | 17.24 |  |  | (195,684) |  |  | 14.59 |  |  | (217,038) |  |  | 14.17 |
Forfeited |  | (15,358) |  |  | 20.44 |  |  | (15,358) |  |  | 20.44 |  |  | — |  |  | — |
Expired |  | (291,354) |  |  | 20.74 |  |  | (30,203) |  |  | 18.32 |  |  | (30,533) |  |  | 23.68 |
Outstanding at end of year |  | 1,629,602 |  |  | $ | 22.85 |  |  | 1,969,439 |  |  | $ | 22.42 |  |  | 2,210,684 |  |  | $ | 21.66 |
Options exercisable |  | 1,528,067 |  |  | $ | 23.01 |  |  | 1,663,506 |  |  | $ | 22.58 |  |  | 1,645,901 |  |  | $ | 21.57 |
Schedule of Compensation Expense for Stock Awards, Stock Options and Phantom Stock Units | The compensation expense for stock awards, stock options and phantom stock units were as follows (in thousands):
|  | For the Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Stock awards |  | $ | 5,724 |  |  | $ | 5,154 |  |  | $ | 5,698 |
Stock options |  | 360 |  |  | 700 |  |  | 940 |
Phantom stock units |  | 1,707 |  |  | 1,092 |  |  | 554 |
Total |  | $ | 7,791 |  |  | $ | 6,946 |  |  | $ | 7,192 |

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