Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Assumptions of Stock Options

The following table sets forth the assumptions used at the grant date to determine the fair value of the Company's stock option awards granted during the six months ended June 30, 2024.

	Six Months Ended June 30, 2024
Risk-free interest rate		4.45	%
Expected term (years)		6.00
Volatility		49.02	%
Dividend yield		3.64	%
Fair value per stock option	$	10.28

The following table sets forth the assumptions used at the grant date to determine the fair value of the Company’s performance stock option awards granted during the six months ended June 30, 2024.

	Six Months Ended June 30, 2024
Risk-free interest rate		4.43	%
Expected term (years)		6.09
Volatility		48.91	%
Dividend yield		3.64	%
Fair value per performance stock option (1)	$	10.05

(1)Represents the weighted-average fair value at each point of projected exercise under the Monte Carlo valuation method.