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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions of PRSUs Granted
The Company used the following assumptions to estimate the fair value of performance-based restricted share units granted for the periods indicated:
Year Ended December 31,
202320222021
Shares issued15,112 15,464 14,347 
Expected Term in Years2.92.92.9
Weighted-Average Risk Free Interest Rate4.4 %1.7 %0.3 %
Weighted Average Fair Value23.85 25.87 24.49 
Range of peer company volatilities
25.8%-107.5%
31.6%-77.8%
31.4%-136.4%
Company volatility35.8 %41.3 %40.2 %
Schedule of Nonvested Share Activity
The following table summarizes the unit activity for the periods indicated:
UnitsWeighted-Average Grant Date Fair Value
Nonvested at December 31, 2020
316,116 $26.57 
Granted147,944 25.70 
Vested(125,377)26.84 
Forfeited(23,669)27.20 
Nonvested at December 31, 2021
315,014 26.01 
Granted230,402 25.72 
Vested(127,952)26.99 
Forfeited(38,572)26.73 
Nonvested at December 31, 2022
378,892 25.42 
Granted225,107 25.53 
Vested(162,752)25.05 
Forfeited(33,359)26.08 
Nonvested at December 31, 2023
407,888 $25.59