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Long-Term Incentive Plans (Tables)
12 Months Ended
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 AwardsAuthorized but Not Issued
Stock OptionsorStock AwardsStock OptionsorStock Awards
2020 Plan6,950,000 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:
202420232022
Risk-free interest rate4.47 %4.56 %1.36 %
Expected performance period2.8 years2.8 years2.9 years
Expected volatility34.00 %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:
 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
Outstanding at beginning of year:814,489 $21.73 835,340 $21.84 778,971 $22.30 
Granted554,081 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 year1,071,535 $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:
 202420232022
 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 year1,969,439 $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 year1,629,602 $22.85 1,969,439 $22.42 2,210,684 $21.66 
Options exercisable1,528,067 $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,
202420232022
Stock awards$5,724 $5,154 $5,698 
Stock options360 700 940 
Phantom stock units1,707 1,092 554 
Total$7,791 $6,946 $7,192