Share-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Schedule of share-based compensation expense |
| | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Restricted stock awards | | $ | 1,456 | | $ | 1,186 | | $ | 2,189 | | $ | 1,477 | Performance stock units | | | (25) | | | 370 | | | 282 | | | 437 | Employee share purchase plan | | | 88 | | | — | | | 171 | | | — | Total share-based compensation expense | | $ | 1,519 | | $ | 1,556 | | $ | 2,642 | | $ | 1,914 |
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| Schedule of restricted stock activity |
| | | | | | | | | | | | | Restricted stock awards | | Performance stock units | | | | | Weighted | | | | Weighted | | | Number | | Average | | Number | | Average | | | of | | Fair Value | | of | | Fair Value | | | Shares | | Per Share | | Shares | | Per Share | Nonvested at December 31, 2024 | | 1,008,232 | | $ | 6.56 | | 534,231 | | $ | 3.65 | Granted | | 205,963 | | $ | 5.94 | | 293,073 | | $ | 7.17 | Vested | | (106,475) | | $ | 5.46 | | — | | $ | — | Forfeited shares | | (10,960) | | $ | 8.56 | | — | | $ | — | Nonvested at March 31, 2025 | | 1,096,760 | | $ | 6.53 | | 827,304 | | $ | 4.89 | Granted | | 454,630 | | $ | 8.61 | | — | | $ | — | Vested | | (208,108) | | $ | 9.11 | | — | | $ | — | Forfeited shares | | (68,943) | | $ | 6.73 | | (195,017) | | $ | 4.56 | Nonvested at June 30, 2025 | | 1,274,339 | | $ | 6.84 | | 632,287 | 1 | $ | 5.00 |
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| Schedule of performance share unit activity |
| | | | | | | | | | | | | Restricted stock awards | | Performance stock units | | | | | Weighted | | | | Weighted | | | Number | | Average | | Number | | Average | | | of | | Fair Value | | of | | Fair Value | | | Shares | | Per Share | | Shares | | Per Share | Nonvested at December 31, 2024 | | 1,008,232 | | $ | 6.56 | | 534,231 | | $ | 3.65 | Granted | | 205,963 | | $ | 5.94 | | 293,073 | | $ | 7.17 | Vested | | (106,475) | | $ | 5.46 | | — | | $ | — | Forfeited shares | | (10,960) | | $ | 8.56 | | — | | $ | — | Nonvested at March 31, 2025 | | 1,096,760 | | $ | 6.53 | | 827,304 | | $ | 4.89 | Granted | | 454,630 | | $ | 8.61 | | — | | $ | — | Vested | | (208,108) | | $ | 9.11 | | — | | $ | — | Forfeited shares | | (68,943) | | $ | 6.73 | | (195,017) | | $ | 4.56 | Nonvested at June 30, 2025 | | 1,274,339 | | $ | 6.84 | | 632,287 | 1 | $ | 5.00 |
| (1) | A maximum of 1.2 million common shares could be awarded based upon the Company’s achievement of set performance-metrics. |
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| Schedule of performance share unit valuation assumptions related to relative total shareholder return objective |
| | | | | | 2025 | | Grant-date fair value | $ | 5.89 | | Risk-free interest rate | | 3.86 | % | Volatility factor | | 65.52 | % | Contractual term (years) | | 2.78 | |
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| Schedule of unrecognized compensation cost |
The following table presents a summary of the unrecognized compensation cost, and the related weighted average recognition period associated with unvested awards and units as of June 30, 2025: | | | | | | | | Restricted stock awards | | | Performance stock units | Unrecognized compensation cost | $ | 7,475 | | $ | 2,815 | Weighted average period for recognition (years) | | 2.34 | | | 1.90 |
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