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Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Stock Option Plan Activity

The following table summarizes the stock option activity for the three months ended March 31, 2025:

 

Dollars and shares in thousands, except per share amounts

 

Number of Shares

 

 

Weighted-Average Exercise Price
Per Share

 

 

Weighted-Average Remaining Contractual
Life (Years)

 

 

Aggregate Intrinsic Value

 

Options outstanding at beginning of period

 

 

444

 

 

$

23.65

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

(23

)

 

 

18.13

 

 

 

 

 

 

 

Forfeited

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Expired

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Options outstanding at end of period

 

 

421

 

 

$

23.94

 

 

 

4.3

 

 

$

2,640

 

Options exercisable at end of period

 

 

421

 

 

$

23.94

 

 

 

4.3

 

 

$

2,640

 
Summary of Additional Stock Option Information

The following table provides additional stock option information for the periods indicated:

 

 

 

Three Months Ended
March 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

Weighted-average grant date fair value per share

 

$

—

 

 

$

—

 

Intrinsic value of options exercised

 

$

401

 

 

$

—

 

Fair value of stock options that vested

 

$

—

 

 

$

—

 
Summary of Award Grant Fair Value Assumptions The following are the weighted-average assumptions for the PRSU grants for the periods indicated:

 

 

 

Three Months Ended
March 31,

 

 

 

2025

 

 

2024

 

Expected volatility

 

 

42.0

%

 

 

—

 

Risk-free rate

 

 

4.0

%

 

 

—

 

Discount for post-vesting restrictions

 

 

11.8

%

 

 

—

 
Summary of PRSU Activity

The following table summarizes PRSU activity for the three months ended March 31, 2025:

 

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at beginning of period

 

 

311

 

 

$

33.93

 

Granted

 

 

135

 

 

 

25.90

 

Achieved performance adjustment

 

 

(24

)

 

 

52.07

 

Vested

 

 

(43

)

 

 

52.07

 

Forfeited

 

 

—

 

 

 

—

 

Non-vested units at end of period

 

 

379

 

 

$

27.86

 
Summary of Additional PRSU Information

The following table provides additional PRSU information for the periods indicated:

 

 

 

Three Months Ended
March 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

Weighted-average grant date fair value per unit

 

$

25.90

 

 

$

—

 

Fair value of PRSUs that vested

 

$

2,237

 

 

$

—

 
Summary of Service-based RSU Activity

The following table summarizes service-based RSU activity for the three months ended March 31, 2025:

 

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at beginning of period

 

 

35

 

 

$

28.20

 

Granted

 

 

51

 

 

 

29.74

 

Vested

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

Non-vested units at end of period

 

 

86

 

 

$

29.10

 
Summary of Additional Service-based RSU Information

The following table provides additional service-based RSU information for the periods indicated:

 

 

 

Three Months Ended
March 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

Weighted-average grant date fair value per unit

 

$

29.74

 

 

$

—

 

Fair value of RSUs that vested

 

$

—

 

 

$

—

 
Summary of RSA Activity

The following table summarizes RSA activity for the three months ended March 31, 2025:

 

Dollars and shares in thousands, except per share amounts

 

Shares

 

 

Weighted-Average
Grant Date
Fair Value Per Share

 

Non-vested shares at beginning of period

 

 

334

 

 

$

28.80

 

Granted

 

 

217

 

 

 

29.74

 

Vested

 

 

(1

)

 

 

28.76

 

Forfeited

 

 

(3

)

 

 

28.60

 

Non-vested shares at end of period

 

 

547

 

 

$

29.18

 
Summary of Additional RSA Information

The following table provides additional RSA information for the periods indicated:

 

 

 

Three Months Ended
March 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

Weighted-average grant date fair value per share

 

$

29.74

 

 

$

29.61

 

Fair value of RSAs that vested

 

$

18

 

 

$

58