Stock-based Compensation |
9 Months Ended |
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Sep. 30, 2026 | |
| Equity [Abstract] | |
| Stock-based Compensation | Stock-based Compensation Restricted Stock and Time-Based Restricted Stock Units During the nine months ended September 30, 2026, the Company granted 63,463 time-based restricted stock units to employees that vest ratably over three years. Also, during the nine months ended September 30, 2026, the Company granted 14,239 time-based restricted stock and 7,668 time-based restricted stock units to non-employee members of the Board of Directors that vest after one year. Performance Share Awards During the nine months ended September 30, 2026, the Company granted 31,735 performance restricted stock units (assuming target performance) to employees that vest based upon the Company's total shareholder return compared to the total shareholder return of a group of peer companies over three different performance periods. The performance periods run from January 1, 2026 through December 31, 2026, January 1, 2026 through December 31, 2027 and January 1, 2026 through December 31, 2028, and one-third of each award is allocated to each performance period. The performance restricted stock units may settle for between 0% and 200% of the target units granted. During the nine months ended September 30, 2026, the Company granted 60,704 performance restricted stock units (assuming target performance) to employees that vest based upon the Company's earnings before interest, taxes, depreciation and amortization expense over the performance period between January 1, 2026 through December 31, 2028. The performance restricted stock units may settle for between 0% and 200% of the target units granted. Cash-Settled Awards In October 2026, the Company modified 128,099 previously granted awards of time-based restricted stock units and performance restricted stock units to provide for cash settlement rather than share settlement following vesting. The modification was approved by the Board of Directors following a review of the applicable limitations under the Company's 2016 Stock and Incentive Plan to meet the per-participant limit thereunder. As a result of the modification, the awards are expected to be accounted for as liability-classified awards beginning in the fourth quarter 2026 and will be remeasured at fair value at each reporting date through settlement, with changes in fair value recognized as compensation expense. The Company expects to recognize a one-time incremental stock-based compensation charge of approximately $4.0 million in the fourth quarter 2026 associated with the modification.
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