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STOCK-BASED COMPENSATION AND EQUITY (Tables)

3 Months Ended

Mar. 31, 2024

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Stock-Based Compensation Expense

The following table details total stock-based compensation expense for the three months ended March 31, 2024 and 2023, included in the condensed consolidated statements of income:

			Three Months Ended March 31,
(In thousands)			2024						2023
Costs of revenue (exclusive of amortization and depreciation)			$	36					$	181
Other expenses			764						1,066
Pre-tax stock-based compensation expense			800						1,247
Less: income tax effect			(168)						(274)
Net stock-based compensation expense			$	632					$	973

Restricted Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Activity Under Restricted Stock Plans

A summary of restricted stock activity under the Plan during the three months ended March 31, 2024 and 2023 is as follows:

			Three Months Ended March 31, 2024												Three Months Ended March 31, 2023
			Shares						Weighted-Average Grant Date Fair Value Per Share						Shares						Weighted-Average Grant Date Fair Value Per Share
Unvested restricted stock outstanding at beginning of period			343,315						$	29.08					281,161						$	32.24
Granted			495,003						10.03						185,487						29.23
Vested			(145,180)						31.90						(133,298)						31.33
Forfeited			(44,122)						31.32						—						—
Unvested restricted stock outstanding at end of period			649,016						$	14.73					333,350						$	30.93

Performance Shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Activity Under Restricted Stock Plans

A summary of performance share award activity under the Plan during the three months ended March 31, 2024 and 2023 is as follows, based on the target award amounts set forth in the performance share award agreements:

			Three Months Ended March 31, 2024												Three Months Ended March 31, 2023
			Shares						Weighted-Average Grant Date Fair Value Per Share						Shares						Weighted-Average Grant Date Fair Value Per Share
Performance share awards outstanding at beginning of period			273,791						$	33.17					252,375						$	31.84
Granted			323,461						10.03						123,406						31.21
Forfeited or unearned			(85,149)						37.98						(96,069)						26.96
Performance share awards outstanding at end of period			512,103						$	18.24					279,712						$	33.24

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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