v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense, Net of Forfeitures For the three and six months ended June 30, 2026, and 2025, respectively, stock-based compensation expense, net of forfeitures, was recorded as follows ($ in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Equity-classified awards:
Employee restricted stock$1,295 $1,167 $2,370 $2,297 
Market-based RSUs1,466 1,487 4,823 4,946 
Performance-based RSUs480 609 1,607 1,596 
Director restricted stock 409 458 818 849 
Employee Stock Purchase Plan23 26 73 53 
Total equity-classified award expense, net of forfeitures$3,673 $3,747 $9,691 $9,741 
Schedule of Equity Classified Award Activity
The following table summarizes the grants of equity-classified awards made to employees by the Company during the six months ended June 30, 2026 and 2025, respectively (in thousands):
Shares and Targeted Units Granted in
20262025
Market-based RSUs264 178 
Performance-based RSUs113 77 
Restricted stock262 179 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The Monte Carlo valuation used to determine the grant date fair value of the equity-classified Market-based RSUs included the following assumptions for those RSUs granted during the six months ended June 30, 2026, and 2025:
Assumptions for RSUs Granted in
2026
2025
Volatility(1)29.7 %31.3 %
Risk-free rate(2)3.43 %4.26 %
Stock beta(3)0.83 %0.88 %
(1) Based on historical volatility over three years using daily stock price.
(2) Reflects the yield on three-year Treasury bonds.
(3) Betas are calculated with up to three years of daily stock price data.