v3.26.3
STOCK COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity and Related Information
A summary of the Company’s stock option activity and related information for the nine months ended September 30, 2026 is as follows:
OptionsWeighted-
average
exercise price		Weighted-
average
remaining
contractual
life (years)		Aggregate
intrinsic
value
(in thousands)
Options outstanding, January 1, 2026
827,000 $11.07 
Exercises(49,375)5.96 
Expirations(8,500)15.69 
Options outstanding, September 30, 2026(1)
769,125 11.35 3.1$199 
Options exercisable, September 30, 2026
687,000 $11.86 2.6$51 
Total unrecognized stock option expense remaining (in thousands)$156 
Weighted-average years expected to be recognized over1.3
(1) Includes a non-plan stock option award of 15,000 stock options granted in 2024.
Schedule of Restricted Stock Activity
A summary of the Company’s restricted stock activity and related information for the nine months ended September 30, 2026 is as follows:
Restricted
Shares		Weighted-
average grant
date fair
value
Non-vested restricted shares, January 1, 2026
885,925 $6.06 
Grants346,811 4.42 
Vested(486,977)5.74 
Forfeitures
(7,003)5.99 
Non-vested restricted shares, September 30, 2026
738,756 $5.51 
Total unrecognized compensation expense remaining (in thousands)$3,074 
Weighted-average years expected to be recognized over1.4
Schedule of Performance-based Award Activity
A summary of the Company’s performance-based award activity and related information for the nine months ended September 30, 2026 is as follows:
Performance-
based stock
awards (1)
Weighted-
average grant
date fair
value
Non-vested performance-based awards, January 1, 2026
730,797 $6.70 
Grants259,731 3.07 
Forfeitures(2)
(192,530)5.92 
Non-vested performance-based awards, September 30, 2026
797,998 $5.70 
Total unrecognized compensation expense remaining (in thousands)$1,458 
Weighted-average years expected to be recognized over1.6
(1)Represents the target number of shares to be issued for each performance-based award.
(2)Includes the forfeiture of performance-based awards granted in 2023 as the performance metric was not attained.
Schedule of Stock Compensation Expense
The Company recorded stock compensation expense as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
Stock Compensation Expense Components2026202520262025
Equity based stock option expense$28 $50 $112 $184 
Restricted and performance-based stock awards expense873 946 2,803 2,919 
Stock compensation expense for equity based awards901 996 2,915 3,103 
Liability based stock option expense— (2)(22)(3)
Total Stock Compensation Expense$901 $994 $2,893 $3,100