v3.26.1
STOCK COMPENSATION - RESTRICTED STOCK AND PERFORMANCE SHARE GRANTS (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Performance Share Grants with Performance Conditions
The following is a summary of the Company’s Performance Condition Grants outstanding as of March 31, 2026:
Performance Condition Grants
Target performance172,417 
Maximum performance257,923 
Schedule of Stock Grant Activity
The following is a summary of the Company’s stock grant activity, both time and performance unit grants, assuming target achievement for outstanding performance grants for the three months ended March 31, 2026:
March 31, 2026
Stock grants outstanding beginning of period at target achievement364,798 
New stock grants/additional shares156,076 
Vested grants(127,105)
Expired/forfeited grants(74,802)
Stock grants outstanding end of period at target achievement318,967 
Schedule of Assumptions Used to Determine The Price of Market-Based Performance Condition Grants
The following is a summary of the assumptions used to determine the fair value for the Company’s outstanding market-based Performance Condition Grants as of March 31, 2026:
($ in thousands except for share prices)
Grant date12/16/202303/13/202412/11/202403/06/202506/20/2025
Vesting end12/31/202603/22/202712/10/202703/06/202806/20/2028
Target share price to achieve award$19.65$18.93$18.59$18.56$19.01
Expected volatility25.91%25.56%26.90%27.04%26.82%
Risk-free interest rate4.02%4.31%4.01%3.9%3.8%
Simulated Monte Carlo share price$19.74$18.36$18.55$13.54$18.53
Shares granted4,82815,2252,31513,04618,351
Total fair value of award$95$280$43$177$340
Schedule of Stock Compensation Costs for Employee and NDSI Plans
The following table summarizes stock compensation costs for the Company's 2023 Stock Incentive Plan, 1998 Stock Incentive Plan, and the prior Non-Employee Director Stock Incentive Plan for the following periods:
($ in thousands)Three Months Ended March 31,
Employee20262025
    Expensed$(49)1$459 
    Capitalized(196)1178 
(245)637 
Director231 207 
Total stock compensation costs$(14)$844 
1 Stock compensation costs during the three months ended March 31, 2026 include a reversal of previously recorded amounts due to a change in estimate.