EMPLOYEE STOCK PLANS (Tables)

9 Months Ended

Sep. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Compensation Expense for Stock-Based Awards

Compensation expense for stock-based awards recognized during the three and nine months ended September 30, 2026 and 2025 was as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Restricted stock units and awards	$	5,977	$	5,134	$	18,729	$	15,282
Performance share units		546		2,200		3,429		4,291

Total stock-based compensation expense	$	6,523	$	7,334	$	22,158	$	19,573

Summary of Restricted Stock Units and Awards Activity and Performance Share Units Activity

The following table presents our restricted stock units and awards activity during the nine months ended September 30, 2026 (in thousands, except per share unit data):


	Restricted Stock Units and Awards
	Number of Shares		Weighted Average Grant-Date Fair Value (1)
Outstanding at beginning of year		911	$	70.36
Granted		740	$	28.20
Exercised or released		(120)	$	69.66
Expired or canceled		(26)	$	41.07

Outstanding at September 30, 2026		1,505	$	50.18

(1)

Represents weighted average market value of the shares; awards are granted at no cost to the recipients.

The following table presents our PSUs activity during the nine

months

ended September 30, 2026 (in thousands, except per share unit data):


	Performance Share Units		Weighted Average Grant-Date Fair Value Per Unit (1)
Outstanding at beginning of year		253	$	64.83
Granted		256	$	28.33
Vested		(102)	$	48.40
Canceled		(15)	$	48.16

Outstanding at September 30, 2026		392	$	45.89

(1)

Represents weighted average market value of the PSUs; PSUs are granted at no cost to the recipients.