v3.26.1
Employee Benefits (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Components of Net Pension Expense
The components of net pension expense for the plans for the periods indicated are as follows:
Three Months Ended March 31,
20262025
(In thousands)
Components of net periodic benefit cost:
Service cost$6,217 $5,733 
Interest cost5,288 5,365 
Expected return on plan assets(9,828)(9,495)
Prior service credit(2,488)(2,495)
Recognized net actuarial loss301 925 
Net periodic benefit (credit) cost$(510)$33 
Summary of Share-Based Compensation Awards
The following table summarizes the share-based compensation awards for the three months ended March 31, 2026 and 2025:
TimeType of awardShares granted
Vesting Period (Approximate from date of grant) (1)
2026
MarchRSU445,2543.0 years
MarchPSU208,3582.8 years
2025
MarchRSU630,4933.0 years
MarchPSU339,5032.8 years
(1)Vesting of PSU awards is contingent upon the Compensation and Human Capital Management Committee of the Board of Directors' certification, after the conclusion of the period indicated from the date of the grant, that the Company has attained a threshold level of certain performance criteria over such period.
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The following table summarizes the Company’s restricted stock award activity for the periods indicated:
For the Three Months Ended March 31,
20262025
Restricted Stock AwardsNumber of SharesWeighted-Average Grant Price Per ShareNumber of SharesWeighted-Average Grant Price Per Share
Non-vested restricted stock as of the beginning of the respective period194,968$17.75 316,945$18.02 
Granted—— —— 
Vested(16,374)14.87 (22,103)14.87 
Forfeited(1,787)14.87 (2,983)14.87 
Non-vested restricted stock as of the end of the respective period176,807$18.05 291,859$18.29 
The following table summarizes the Company’s restricted stock unit activity for the periods indicated:
For the Three Months Ended March 31,
20262025
Restricted Stock UnitsNumber of SharesWeighted-Average Grant Price Per ShareNumber of SharesWeighted-Average Grant Price Per Share
Non-vested restricted stock units as of the beginning of the respective period1,325,982$16.87 1,356,522$16.55 
Granted445,25419.72 630,49317.73 
Vested(454,403)16.82 (458,079)17.15 
Forfeited(14,246)17.93 (12,786)14.36 
Non-vested restricted stock units as of the end of the respective period1,302,587$17.85 1,516,150$16.88 
The following table summarizes the Company’s performance stock unit activity for the periods indicated:
For the Three Months Ended March 31,
20262025
Performance Stock UnitsNumber of SharesWeighted-Average Grant Price Per ShareNumber of SharesWeighted-Average Grant Price Per Share
Non-vested performance stock units as of the beginning of the respective period617,915$13.15 969,739$16.63 
Granted208,35819.06 339,50318.79 
Vested(103,633)10.74 (408,629)20.96 
Forfeited(12,392)12.31 (277,149)20.63 
Non-vested performance stock units as of the end of the respective period710,248$15.25 623,464$13.19 
Schedule of Share-based Compensation Expense Under the 2021 Plan and the Related Tax Benefit
The following table shows share-based compensation expense under the 2021 Plan and the related tax benefit for the periods indicated:
Three Months Ended March 31,
20262025
(In millions)
Share-based compensation expense$4.2 $4.8 
Related tax benefit (1)
1.2 1.3 
(1)Estimated based upon the Company’s statutory rate for each respective period.