v3.26.1
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary Stock-based Compensation for Equity-settled Awards

The following tables present the Company’s stock-based compensation for equity-settled awards by type, (i.e., restricted stock units (“RSUs”), restricted stock unit awards with performance conditions or market conditions (“PSUs”)), and by financial statement line as well as the related tax benefit included in the Company’s condensed consolidated statements of income:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

RSUs and PSUs

 

 

1,444

 

 

 

 

 

 

1,444

 

 

 

 

P Units and Phantom Units

 

 

 

 

 

 

 

 

 

 

 

8,084

 

Total

 

$

1,444

 

 

$

 

 

$

1,444

 

 

$

8,084

 

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

General and administrative

 

 

1,444

 

 

 

 

 

 

1,444

 

 

 

8,084

 

Tax benefit

 

 

(169

)

 

 

 

 

 

(169

)

 

 

 

Total

 

$

1,275

 

 

$

 

 

$

1,275

 

 

$

8,084

 

Share-based Compensation, Unamortized Costs The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of June 30, 2026:

 

 

Unamortized Compensation Costs

 

 

Weighted Average Service Period

 

 

 

(in thousands)

 

 

(years)

 

RSUs and PSUs(1)

 

 

17,065

 

 

 

2.49

 

Total unamortized compensation costs

 

$

17,065

 

 

 

 

(1) Weighted average service period assumes the performance metrics are met for the PSUs.

Schedule of RSUs and PSUs Activity

The following table summarizes RSU and PSU activity under the Company’s incentive plans:
 

 

 

Number of Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value as of June 30, 2026

 

 

 

(in thousands)

 

 

 

 

 

(in thousands)

 

RSUs and PSUs outstanding at January 1, 2026

 

 

 

 

$

 

 

 

 

Granted

 

 

281

 

 

 

65.2

 

 

 

 

Vested

 

 

(9

)

 

 

65.3

 

 

 

 

Forfeited

 

 

(11

)

 

 

66.4

 

 

 

 

RSUs and PSUs outstanding at June 30, 2026

 

 

261

 

 

$

65.2

 

 

$

13,070