v3.26.1
STOCK COMPENSATION - RESTRICTED STOCK AND PERFORMANCE SHARE GRANTS (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
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 six months ended June 30, 2026:
June 30, 2026
Stock grants outstanding beginning of period at target achievement364,798 
New stock grants/additional shares158,199 
Vested grants(135,643)
Expired/forfeited grants(74,802)
Stock grants outstanding end of period at target achievement312,552 
Schedule of Performance Share Grants with Performance Conditions The following summarizes the shares issuable under outstanding performance share grants at each achievement level:
Performance Share Grants
Threshold performance6,523 
Target performance173,691 
Maximum performance259,674 
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 grant date fair value of the Company's Price Vesting Unit Awards outstanding as of June 30, 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$340
The following rTSR awards were outstanding as of the six months ended June 30, 2026:
($ in thousands except for share prices)
Grant date12/09/202503/17/202604/21/2026
Vesting end12/29/202812/29/202812/29/2028
Expected volatility25.90%25.90%25.90%
Risk-free interest rate3.56%3.61%3.73%
Simulated Fair Value Per Share$17.04$19.87$20.12
Shares granted9,56943,266637
Total fair value of award$163$860$13
Schedule of Stock Compensation Costs for Employee and NDSI Plans
The following table summarizes stock compensation costs for the Company's 2023 Stock Incentive Plan, 1998 Stock Incentive Plan, and the prior Non-Employee Director Stock Incentive Plan for the following periods:
($ in thousands)Six Months Ended June 30,
Employee20262025
    Expensed$268 1$866 
    Capitalized(58)1324 
210 1,190 
Director444 424 
Total stock compensation costs$654 $1,614 
1 Stock compensation costs during the six months ended June 30, 2026 include a reversal of previously recorded amounts due to a change in estimate.