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Stock-Based Compensation Plans
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Plans Stock-Based Compensation Plans
Our restricted and performance-based share activity was as follows for the three months ended March 31, 2025 and 2024:
SharesWeighted Average Grant Date Fair Value Per Share
Balance at December 31, 2024929,024$26.82 
Granted— — 
Vested(35,564)27.15 
Forfeited(1,721)27.87 
Balance at March 31, 2025891,739$26.86 
SharesWeighted Average Grant Date Fair Value Per Share
Balance at December 31, 2023880,976$29.48 
Granted— — 
Vested(7,928)27.70 
Forfeited(7,150)32.47 
Balance at March 31, 2024865,898$29.47 
We recorded compensation expense related to restricted shares and performance-based shares of $1.6 million ($1.1 million, net of tax) and $1.3 million ($1 million, net of tax) for the three months ended March 31, 2025 and 2024, respectively, primarily in selling, general and administrative expenses within our consolidated statements of operations. The unrecognized compensation expense related to our restricted and performance-based shares was $11.9 million at March 31, 2025, and is expected to be recognized as they vest over a weighted average period of 3.5 years and 1 month for employees and directors, respectively.