Equity-Based Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2023

Equity-Based Incentive Plans

Schedule of Restricted Stock Units Award Activity

A summary of the company’s RSU activity and outstanding RSUs as of December 31, 2023, are presented below (dollars in thousands except grant date fair value):

		Weighted		Aggregate
	Number	Average Grant		Intrinsic		Unrecognized
	of RSUs	Date Fair Value		Value		Compensation
Outstanding RSUs as of January 1, 2021	1,698,579	$	31.44	$	62,627	$	35,821
Granted	627,973		59.38
Vested	(895,706)		32.30
Forfeited	(82,588)		32.47
As of December 31, 2021	1,348,258	$	43.82	$	83,686	$	39,657
Granted	481,926		98.29
Vested	(786,622)		37.38
Forfeited	(70,011)		46.82
As of December 31, 2022	973,551	$	71.80	$	94,765	$	44,394
Granted	433,810		108.95
Vested	(517,041)		64.03
Forfeited	(40,829)		78.70
As of December 31, 2023 (nonvested)	849,491	$	99.13	$	101,480	$	43,073

Schedule of Performance Period Transition Awards

The Compensation Committee granted the following three-year performance period awards and transition awards, which have been earned and have or will be issued as follows:

	Maximum
	Shares That	Award
	Could Be Issued	Earned	Award Issued/Issuable
2020 LTIP Award:
Three-year performance period award	405,922	356,845	356,845	March 2023
Two-year performance period transition award	9,764	8,300	8,300	March 2022
2021 LTIP Award:
Three-year performance period award	360,189	324,173	324,173	March 2024
2022 LTIP Award:
Three-year performance period award	249,759	*	*
2023 LTIP Award:
Three-year performance period award	193,946	*	*
Two-year performance period transition award	5,517	*	*
One-year performance period transition award	3,678	2,759	2,759	March 2024

* Not yet earned as performance period not complete.