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STOCK BASED COMPENSATION
6 Months Ended
Jun. 30, 2026
STOCK BASED COMPENSATION  
STOCK BASED COMPENSATION

12. STOCK BASED COMPENSATION

The Company recognized stock based compensation expense, inclusive of awards granted to our non-employee directors, net of capitalization, of $6.9 million and $8.8 million during the three months ended June 30, 2026 and 2025, respectively, and $16.4 million and $16.3 million during the six months ended June 30, 2026 and 2025, respectively, which are included in General and Administrative on the Consolidated Statements of Operations.