Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Share-Based Compensation Activity

The following table summarizes the Company’s share-based compensation activity:


	Quarter ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
	(in thousands)
Grants:
Restricted share units		—		6		199		182
Performance share units		—		—		168		140
		—		6		367		322
Grant date fair value:
Restricted share units	$	—	$	83	$	2,815	$	2,605
Performance share units		—		—		2,365		2,007
	$	—	$	83	$	5,180	$	4,612
Vestings:
Restricted share units		6		15		144		164
Performance share units (1)		—		—		91		203
		6		15		235		367
Forfeitures:
Restricted share units		—		3		—		3
Performance share units		—		4		—		4
		—		7		—		7
Compensation expense relating to share-based grants	$	838	$	827	$	1,801	$	2,192

(1)

The actual number of performance-based restricted share units (“RSUs”) that vested during the six months ended June 30, 2025 was approximately 89% of the 103,081 originally granted performance-based RSUs.

Summary of Restricted Share Units and Performance Share Units Expected to Vest


	June 30, 2025
	Restricted share units		Performance share units
Shares expected to vest:
Number of restricted shares units (in thousands)		291		279
Grant date average fair value per unit	$	14.06	$	14.05