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Shareholder's Equity and Stock-Based Compensation
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Shareholder's Equity and Stock-Based Compensation Shareholders’ Equity and Stock-Based Compensation
The Company granted 3,836 awards to employees under the 2016 Amended and Restated Incentive Award Plan during the three months ended March 31, 2026, consisting of 3,636 RSU and 200 stock options having five year vesting schedules.
Award Activity
The following table sets forth the Company’s stock option activity:
Three Months Ended March 31, 2026
Stock Options Weighted Average
Exercise Price
Outstanding - beginning of period618,681$211.29 
Granted200$428.03 
Exercised(92,266)$138.80 
Outstanding - end of period526,615$224.33 
Exercisable - end of period461,808$207.86 
The following table sets forth the Company’s RSA/RSU activity:
Three Months Ended
March 31, 2026
Shares/Units
Outstanding and unvested - beginning of period324,517
Granted3,636
Vested(96,931)
Forfeited(2,688)
Outstanding and unvested - end of period228,534
Stock-based compensation expense recognized in the condensed consolidated statements of operations related to all outstanding stock based compensation awards is summarized below (in thousands):
Three Months Ended March 31,
20262025
Total direct costs$3,001 $3,027 
Selling, general and administrative1,917 13,865 
Total stock-based compensation expense$4,918 $16,892