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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Portion of Nonvested Common Shares Earned based upon Achievement of Compounded Annual Book Value per share Growth
The portion of the nonvested performance-based share awards that will be earned based upon the achievement of compounded annual book value per share growth is as follows:
2017 Performance-Based Grants2016 Performance-Based Grants2015 Performance-Based Grants
Performance
level
Compounded
Annual Book
Value Per Share
Growth
Nonvested
Common
Shares
Earned
Compounded
Annual Book
Value Per Share
Growth
Nonvested
Common
Shares
Earned
Compounded
Annual Book
Value Per Share
Growth
Nonvested
Common
Shares
Earned
 <16 %%<13 %%<11 %%
Threshold16 %25 %13 %25 %11 %10 %
 17 %50 %14 %50 %12 %36 %
 18 %75 %15 %75 %13 %61 %
14 %87 %
Maximum≥19 %100 %≥16 %100 %≥15 %100 %
2020 Performance-Based Grants2019 Performance-Based Grants2018 Performance-Based Grants
Performance
level
Compounded
Annual Book
Value Per Share
Growth
Nonvested
Common
Shares
Earned
Compounded
Annual Book
Value Per Share
Growth
Nonvested
Common
Shares
Earned
Compounded
Annual Book
Value Per Share
Growth
Nonvested
Common
Shares
Earned
 <13 %%<14 %%<15 %%
Threshold13 %10 %14 %10 %15 %25 %
 14 %35 %15 %35 %16 %50 %
 15 %60 %16 %60 %17 %75 %
16 %85 %17 %85 %
Maximum≥17 %100 %≥18 %100 %≥18 %100 %
The portion of these nonvested performance-based share awards that will be earned is as follows:
  
Relative Total Shareholder Return
vs. S&P 1500 Financial Services Index
≤25th percentile50th percentile
"Target"
≥75th percentile
Three-Year Book
Value Per Share
CAGR
14% "Target"
100 %150 %200 %
12%75 %125 %175 %
10%50 %100 %150 %
8%25 %75 %125 %
6%%50 %100 %
Schedule of Nonvested Common Share and Nonvested Common Share unit activity
The following tables summarize nonvested common share, nonvested common share unit and DEU activity for the year ended December 31:
 2021
 Time and Performance-
Based Share Awards
Time-Based
Share Awards
Share UnitsDEUs
(Shares in thousands)Number of
Shares
Weighted
Average
Grant Date
Fair Value
Number of
Shares
Weighted
Average
Grant Date
Fair Value
Number of
Share Units
Weighted
Average
Grant Date
Fair Value
Dividend Equivalent UnitsWeighted
Average
Grant Date
Fair Value
Outstanding at beginning of year363 $47.09 153 $46.34 492 $46.59 21 $37.66 
Granted281 15.64 93 43.67 212 46.96 17 44.86 
Vested(113)45.02 (98)45.40 (214)43.74 (9)38.53 
Forfeited(31)24.33 (8)44.94 (29)48.85 (1)40.53 
Outstanding at end of year500 $31.29 140 $45.31 461 $47.94 28 $41.75 
 2020
 Time and Performance-
Based Share Awards
Time-Based
Share Awards
Share UnitsDEUs
(Shares in thousands)Number of
Shares
Weighted
Average
Grant Date
Fair Value
Number of
Shares
Weighted
Average
Grant Date
Fair Value
Number of
Share Units
Weighted
Average
Grant Date
Fair Value
Dividend Equivalent UnitsWeighted
Average
Grant Date
Fair Value
Outstanding at beginning of year394 $42.02 169 $41.31 351 $39.78 $51.11 
Granted109 51.52 69 51.52 350 48.75 19 35.42 
Vested(140)36.29 (85)40.47 (192)37.76 (3)49.79 
Forfeited— N/A— N/A(17)50.04 — 33.86 
Outstanding at end of year363 $47.09 153 $46.34 492 $46.59 21 $37.66 
 2019
 Time and Performance-
Based Share Awards
Time-Based
Share Awards
Share UnitsDEUs
(Shares in thousands)Number of
Shares
Weighted
Average
Grant Date
Fair Value
Number of
Shares
Weighted
Average
Grant Date
Fair Value
Number of
Share Units
Weighted
Average
Grant Date
Fair Value
Dividend Equivalent UnitsWeighted
Average
Grant Date
Fair Value
Outstanding at beginning of year482 $29.49 207 $32.82 449 $34.35 — N/A
Granted141 45.32 90 40.98 143 42.08 $51.09 
Vested(229)17.69 (128)27.37 (232)30.85 — 48.63 
Forfeited— N/A— N/A(9)35.53 — 49.27 
Outstanding at end of year394 $42.02 169 $41.31 351 $39.78 $51.11 
Schedule of Compensation Expense, Net of Forfeitures, and Related Tax Effects Recognized in Connection with Nonvested shares
Compensation expense, net of forfeitures, and related tax effects recognized in connection with nonvested shares and share units were as follows for the years ended December 31:
(In thousands)202120202019
Compensation expense$20,844 $18,462 $16,588 
Income tax benefit4,088 3,511 3,125