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Shareholders’ Equity and Stock Incentive Plans (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share Repurchase Activity The following table includes the Company’s share repurchase activity for the three months ended March 31, 2022:
Three Months Ended March 31,
2022
(In thousands, except per share data)
Shares repurchased (1)
269 
Total cost, including brokerage fees$15,196 
Average repurchase price per share (2)
$56.54 
(1)All repurchased shares were retired and constitute authorized but unissued shares.
(2)Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers.
Schedule of Stock Option Activity
The following table summarizes the Company’s stock option activity:
Stock Options
SharesWeighted-Average Exercise Price
Outstanding at January 1, 20232,071,994 $11.35 
Granted— $— 
Exercised(41,140)$16.37 
Cancelled— $— 
Expired— $— 
Outstanding at March 31, 20232,030,854 $11.25 
Exercisable at March 31, 20232,030,854 $11.25 
Schedule of Activity Related To Time-based Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs)
The following table summarizes the Company’s activity related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”):
RSUsPSUs
SharesWeighted-Average Grant Date Fair Value
Shares (1)
Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2023547,671 $26.09 1,076,159 
(2)
$17.17 
Granted137,126 $41.92 114,898 
(1)
$41.92 
Vested(265,689)$20.98 (733,574)
(3)
$8.86 
Cancelled— $— (8,699)
(4)
$53.51 
Outstanding at March 31, 2023419,108 $34.50 448,784 $36.40 
(1)    The number of shares for the PSUs listed as granted represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target, or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels.
(2)    Includes PSUs granted in March 2020 and March 2021 at 200% of the target and PSUs granted in March 2022 at target.
(3)    Represents PSUs granted in March 2020 that vested in March 2023 at 200% of the target PSUs.
(4)    The Company’s financial results for the applicable performance goals were certified during the three months ended March 31, 2023 and 89.6% of the target PSUs granted in March 2022 were deemed “earned.” This resulted in the reduction of the PSUs granted in March 2022 to the number of PSUs eligible to vest from 83,579 to 74,880.