Stock-based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock Option Activity |
Stock option activity from January 1, 2026 to June 30, 2026 follows: | | | | | | | | | | | | | Underlying
Shares | | Weighted Average
Exercise Price
Per Share | Outstanding at January 1, 2026 | 1,137,205 | | $ | 23.56 | | | | | | | | | | | Exercised | — | | $ | — | | | Expired | (655,800) | | $ | 18.54 | | Outstanding at June 30, 2026 | 481,405 | | $ | 30.40 | | Exercisable at June 30, 2026 | 481,405 | | $ | 30.40 | |
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| Schedule of Restricted Stock Unit Activity |
Share-settled restricted stock unit activity from January 1, 2026 to June 30, 2026 follows: | | | | | | | | | | | | | | | | | | | Time Based Shares | | Performance
Based Shares | | Weighted Average Grant Date Fair Value Per Share | Non-vested restricted stock units outstanding at January 1, 2026 | 6,673,838 | | 409,890 | | $ | 8.06 | | | Granted | 2,286,042 | | — | | $ | 11.08 | | Performance based restricted stock units settled (1) | — | | (331,675) | | $ | 14.10 | | | Vested | (2,896,287) | | — | | $ | 8.40 | | | Forfeited | (270,126) | | (4,316) | | $ | 7.22 | | Non-vested restricted stock units outstanding at June 30, 2026 | 5,793,467 | | 73,899 | | $ | 8.76 | |
(1)Performance based restricted stock units reached the end of their performance period during the six months ended June 30, 2026, and no shares were issued to settle such performance based restricted stock units. A portion of the restricted stock unit awards granted in 2025 and 2026 are cash-settled. Cash-settled restricted stock unit activity from January 1, 2026 to June 30, 2026 follows: | | | | | | | | | Time Based Shares | | | Non-vested cash-settled restricted stock units outstanding at January 1, 2026 | 628,175 | | | | Granted | 331,816 | | | | Vested | (210,849) | | | | Forfeited | — | | | Non-vested cash-settled restricted stock units outstanding at June 30, 2026 | 749,142 | | |
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| Schedule of Performance Units |
Performance Units activity from January 1, 2026 to June 30, 2026 follows: | | | | | | | | | | | | | | | | | | | | | Performance Units
Share-Settled
(at target) | | Weighted
Average Grant
Date Fair Value
Per Share | | Performance
Units
Cash-Settled
(at target) | | | Non-vested Performance Units outstanding at January 1, 2026 | 2,214,700 | | $ | 10.49 | | | 743,800 | | | | Granted | 414,600 | | $ | 12.22 | | | 414,600 | | | Performance Units settled (1) | (595,800) | | $ | 13.36 | | | — | | | | Forfeited | — | | $ | — | | | — | | | Non-vested Performance Units outstanding at June 30, 2026 | 2,033,500 | | $ | 10.00 | | | 1,158,400 | | |
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| Schedule of Stock-Based Compensation Expense |
The following table presents stock-based compensation expense for the three and six months ended June 30, 2026 and 2025 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | | | Six Months Ended
June 30, | | | 2026 | | 2025 | | | | 2026 | | 2025 | | | | Share-settled awards | | | | | | | | | | | | | | Restricted stock units | | $ | 5,560 | | | $ | 7,512 | | | | | $ | 7,488 | | | $ | 17,398 | | | | | Performance Units – TSR | | 1,124 | | | 1,568 | | | | | 2,674 | | | 3,971 | | | | | Performance Units – FCF | | 1,841 | | | 498 | | | | | 2,775 | | | 498 | | | | | Total share-settled awards | | 8,525 | | | 9,578 | | | | | 12,937 | | | 21,867 | | | | | | | | | | | | | | | | | | | Cash-settled awards | | | | | | | | | | | | | | | | | | | | | | | | | | | Cash-settled restricted stock units | | 869 | | | 204 | | | | | 1,995 | | | 212 | | | | | Cash-settled Performance Units | | 695 | | | 377 | | | | | 2,529 | | | 377 | | | | | Total cash-settled awards | | 1,564 | | | 581 | | | | | 4,524 | | | 589 | | | | | Stock-based compensation expense | | $ | 10,089 | | | $ | 10,159 | | | | | $ | 17,461 | | | $ | 22,456 | | | |
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