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Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity
Stock option activity from January 1, 2024 to June 30, 2024 follows:
Underlying
Shares
Weighted
Average
Exercise Price
Per Share
Outstanding at January 1, 2024
2,865,223$23.36 
Exercised$— 
Expired(654,825)$28.87 
Outstanding at June 30, 2024
2,210,398$21.72 
Exercisable at June 30, 2024
2,210,398$21.72 
Restricted Stock Unit Activity
Restricted stock unit activity from January 1, 2024 to June 30, 2024 follows:
Time
Based
Performance
Based
Weighted
Average Grant
Date Fair Value
Per Share
Non-vested restricted stock units outstanding at January 1, 2024
5,827,668521,533$10.60 
Granted3,082,101$10.51 
Vested(3,010,149)$9.05 
Forfeited(47,135)$12.33 
Non-vested restricted stock units outstanding at June 30, 2024
5,852,485521,533$11.28 
Performance Units
The total target number of shares granted with respect to the Performance Units for the awards granted in 2020-2024 is set forth below:
2024
Performance
Unit Awards
2023
Performance
Unit Awards
2022
Performance
Unit Awards
2021
Performance
Unit Awards
2020
Performance
Unit Awards
Target number of shares875,100631,700414,000843,000500,500
Fair Value of Performance Units The fair value of the Performance Units is set forth below (in thousands):
2024
Performance
Unit Awards
2023
Performance
Unit Awards
2022
Performance
Unit Awards
2021
Performance
Unit Awards
2020
Performance
Unit Awards
Aggregate fair value at date of grant$10,904 $8,440 $10,743 $7,225 $826 
Compensation Expense Associated with Performance Units Compensation expense associated with the Performance Units is shown below (in thousands):
2024
Performance
Unit Awards
2023
Performance
Unit Awards
2022
Performance
Unit Awards
2021
Performance
Unit Awards
2020
Performance
Unit Awards
Three months ended June 30, 2024$606 $663 $862 N/AN/A
Three months ended June 30, 2023N/A$469 $895 $602 N/A
Six months ended June 30, 2024$606 $1,327 $1,724 $584 N/A
Six months ended June 30, 2023N/A$469 $1,791 $1,204 $69