v3.25.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Weighted-Average Assumptions for Fair Value Measurement
The fair value of each stock option was estimated on the date of the grant using the Black-Scholes option-pricing model using the following weighted-average assumptions:
For the Years Ended December 31,
Black-Scholes Option Valuation Assumptions202520242023
Risk-free interest rate (1)
4.04  %4.14  %4.23  %
Expected dividend yield— — — 
Expected stock price volatility (2)
53  %53  %51  %
Expected life of stock options (in years) (2)
655
(1)Based on the constant maturity interest rate of U.S. Treasury securities whose term is consistent with the expected life of the Company's stock options.
(2)Based upon historical experience.
Summary of Company's Stock Option Activity
The following table summarizes the stock option activity under the Stock Plan:
Options Weighted-
Average
Exercise Price
Per Share
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate Intrinsic Value
Outstanding on January 1, 20252,237 $8.73 
Granted1,393 3.43 
Exercised— — 
Expired(132)9.02 
Forfeited(119)4.72 
Outstanding on December 31, 20253,379 $6.68 6.97$— 
Vested or expected to vest as of December 31, 20253,376 $6.67 5.00$— 
Exercisable on December 31, 20251,655 $9.24 5.00$— 
Schedule of Currently Outstanding and Exercisable Stock Options
The following table summarizes information about stock options outstanding as of December 31, 2025:
Options OutstandingOptions Exercisable
Range of Exercise PricesNumber
Outstanding
Weighted-
Average
Remaining
Contractual
Term
(in years)
Weighted-
Average
Exercise
Price Per
Share
Number
Exercisable
Weighted-
Average
Exercise
Price Per
Share
$2.46 - $6.56
1,8558.40$4.17 382$6.00 
$7.13 - $10.69
1,1575.867.84 9078.00 
$12.90 - $19.35
3243.4214.89 32414.89 
$21.64 - $32.46
432.03$21.65 43$21.65 
3,3796.97$6.67 1,656$9.24 
Summary of Restricted Stock Award and Restricted Stock Units Activity Under Stock Plan
The following table summarizes restricted stock award and restricted stock units activity under the Stock Plan:
Units Weighted-
Average Grant
Date Fair
Value
Issued and unvested, January 1, 20251,694 $6.60 
Granted2,226 3.25 
Vested(1,128)6.05 
Forfeited(182)4.55 
Issued and unvested, December 31, 20252,610 $4.13 
Issued and expected to vest, December 31, 20252,610 $4.13 
Summary of Performance Based Restricted Stock Unit Award Activity Under Stock Plan
The following table summarizes PSU activity under the Stock Plan:
Units Weighted-
Average Grant
Date Fair
Value
Issued and unvested, January 1, 20251,454 $7.19 
Granted (1)
1,009 4.30 
Performance adjustment (2)
12 N/A
Vested(513)5.18 
Forfeited(181)5.93 
Issued and unvested, December 31, 20251,781 $6.24 
Issued and expected to vest, December 31, 20251,781 $6.24 
(1)Grant activity for all PSUs disclosed at target.
(2)Reflects the performance adjustment based on actual performance measured at the end of the performance period.