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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Nonvested Restricted Stock Units and Changes During the Period

Nonvested restricted stock units as of September 30, 2022, and changes during the nine months ended September 30, 2022 (unaudited) were as follows:

 

 

Shares

 

 

Weighted Average Grant-Date Fair Value

 

Nonvested as of December 31, 2021

 

 

355,434

 

 

$

34.40

 

Granted

 

 

136,111

 

 

 

30.76

 

Vested

 

 

(37,235

)

 

 

33.61

 

Forfeited

 

 

(7,178

)

 

 

34.33

 

Nonvested as of September 30, 2022

 

 

447,132

 

 

$

33.36

 

Schedule of Stock-Based Compensation Expense

The Company's stock-based compensation expense related to the restricted stock units during the three and nine months ended September 30, 2022 and 2021 (unaudited), respectively, which was included in General and administrative expenses within the Condensed Consolidated Statements of Income, was as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

(millions)

 

September 30, 2022

 

 

September 30, 2021

 

September 30, 2022

 

 

September 30, 2021

 

Stock-based compensation expense

 

$

1.5

 

 

$

1.2

 

$

4.3

 

 

$

3.3

 

The Company's stock-based compensation expense related to PSUs during the three and nine months ended September 30, 2022 and 2021 (unaudited), which is included in General and administrative expenses within the Condensed Consolidated Statements of Income, was as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

(millions)

 

September 30, 2022

 

 

September 30, 2021

 

September 30, 2022

 

 

September 30, 2021

 

Stock-based compensation expense

 

$

0.7

 

 

$

0.3

 

$

1.9

 

 

$

0.7

 

Summary of Nonvested PSU's and Changes During the Period

Nonvested PSUs as of September 30, 2022, and changes during the nine months ended September 30, 2022 (unaudited) were as follows:

 

 

Shares

 

 

Weighted Average Grant-Date Fair Value

 

Nonvested as of December 31, 2021

 

 

135,383

 

 

$

36.79

 

Granted

 

 

132,304

 

 

 

30.80

 

Forfeited

 

 

(2,660

)

 

 

36.91

 

Nonvested as of September 30, 2022

 

 

265,027

 

 

$

33.80