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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Allocation of Compensation Expense

Total stock-based compensation expense for the three and six months ended June 30, 2025 and 2024 was as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)						2025						2024						2025						2024
RSA expense						$	522					$	339					$	1,041					$	785
PSU expense						152						253						309						529
Stock option expense						60						61						120						121
Total stock-based compensation expense						$	734					$	653					$	1,470					$	1,435

Schedule of Unrecognized Compensation Cost

The amount of unrecognized compensation cost as of June 30, 2025, and the expected weighted-average period over which the cost will be recognized is as follows:

						As of June 30, 2025
(in thousands, except years)						Unrecognized Compensation Cost						Expected Weighted- Average Period of Recognition (in years)
RSA expense						$	4,449					2.12
PSU expense						843						0.95
Stock option expense						254						1.05
Total unrecognized stock-based compensation expense						$	5,546					1.89

Schedule of Restricted Stock Activity

A summary of RSA activity under the Company's various stock compensation plans for the six months ended June 30, 2025 is presented below:

						Restricted Stock												Weighted-Average Grant Date Fair Value
Non-vested at January 1, 2025						732,555												$	4.99
Granted						556,812												$	4.81
Vested						(218,504)												$	4.10
Forfeited						(21,190)												$	4.75
Non-vested at June 30, 2025						1,049,673												$	5.08

Schedule of Performance Shares Units

A summary of PSU activity for the six months ended June 30, 2025 is presented below:

						Units						Weighted-Average Grant Date Fair Value						Aggregate Intrinsic Value (in thousands)						Weighted-Average Remaining Contractual Term (in years)
PSUs outstanding at January 1, 2025						877,045						$	2.94
Granted						141,064						$	7.11
Vested / Settled (1)						(28,819)						$	9.59
Forfeited / Canceled						(5,643)						$	9.59
PSUs outstanding at June 30, 2025						983,647						$	3.30					$	5,282					0.91

(1) The number of units shown in the table above are based on target performance. The final number of shares of common stock issued may vary depending on the achievement of market or performance conditions established within the awards, which could result in the actual number of shares issued ranging from zero to a maximum of two times the number of units shown in the above table. For the six months ended June 30, 2025, 21,824 shares of common stock were issued upon vesting of PSUs, net of shares withheld for settlement of payroll tax withholding obligations.

Summary of Option Activity

A summary of stock option activity for the six months ended June 30, 2025 is presented below:

						Number of Options Outstanding and Exercisable						Weighted-Average Exercise Price						Aggregate Intrinsic Value (in thousands)						Weighted-Average Remaining Contractual Term (in years)
Options outstanding at January 1, 2025						1,000,000						$	3.00
Options granted						—						—
Options exercised						—						—
Options expired / forfeited						—						—
Options outstanding at June 30, 2025						1,000,000						$	3.00					$	2,370					8.05
Options vested and exercisable at June 30, 2025						333,333						$	3.00					$	790					8.05

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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