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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of stock-based compensation expense | We recognized stock-based compensation expense as follows (amounts in thousands):
| Years Ended
| December 31, 2025 |  | December 31, 2024 |  | December 31, 2023
Restricted stock | $ | 7,091 |  |  | $ | 7,049 |  |  | $ | 6,191 |
Performance stock | 4,714 |  |  | 4,843 |  |  | 2,953 |
Stock appreciation rights | — |  |  | — |  |  | 533 |
Stock options | — |  |  | — |  |  | 19 |
Total stock-based compensation expense | $ | 11,805 |  |  | $ | 11,892 |  |  | $ | 9,696 |
Summary of stock options activity | A summary of stock option activity for the year ended December 31, 2025, is presented below.
| Number of Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2025 | 8,061 |  | $ | 89.83 |  |  |  |  |
Exercised | (5,829) |  | $ | 72.78 |  |  |  |  |
Forfeited | — |  | $ | — |  |  |  |  |
Granted | — |  | $ | — |  |  |  |  |
Outstanding at December 31, 2025 | 2,232 |  | $ | 134.36 |  |  | 4.3 |  | $ | 196 |
Exercisable at December 31, 2025 | 2,232 |  | $ | 134.36 |  |  | 4.3 |  | $ | 196 |
A summary of Sandstorm option activity for the year ended December 31, 2025, is presented below:
| Number of Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2025 | — |  | $ | — |  |  |  |  |
Assumed options as part of Sandstorm acquisition | 710,780 |  | $ | 105.36 |  |  |  |  |
Exercised | (166,979) |  | $ | 91.84 |  |  |  |  |
Forfeited | — |  | $ | — |  |  |  |  |
Outstanding at December 31, 2025 | 543,801 |  | $ | 109.51 |  |  | 2.3 |  | $ | 61,330 |
Exercisable at December 31, 2025 | 543,801 |  | $ | 109.51 |  |  | 2.3 |  | $ | 61,330 |
Summary of SSARs activity | A summary of SSARs activity for the year ended December 31, 2025, is presented below:
| Number of Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2025 | 128,386 |  | $ | 119.06 |  |  |  |  |
Exercised | (47,101) |  | $ | 104.61 |  |  |  |  |
Forfeited | — |  | $ | — |  |  |  |  |
Granted | — |  | $ | — |  |  |  |  |
Outstanding at December 31, 2025 | 81,285 |  | $ | 127.44 |  |  | 4.0 |  | $ | 7,710 |
Exercisable at December 31, 2025 | 81,285 |  | $ | 127.44 |  |  | 4.0 |  | $ | 7,710 |
Summary of non-vested awards | A summary of the status of our outstanding TSR shares at maximum (200%) attainment for the year ended December 31, 2025, is presented below:
| Number of Shares |  | Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2025 | 221,458 |  | $ | 124.26 |
Granted | 72,120 |  | $ | 184.36 |
Vested | (17,948) |  | $ | 148.89 |
Non-attainment | (29,283) |  | $ | 145.85 |
Forfeited | (11,547) |  | $ | 139.59 |
Outstanding at December 31, 2025 | 234,800 |  | $ | 137.39 |
Summary of the status of non-vested restricted stock | A summary of the status of our unvested Restricted Stock for the year ended December 31, 2025, is presented below:
| Number of Shares |  | Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2025 | 145,946 |  | $ | 112.13 |
Granted | 50,264 |  | $ | 145.04 |
Vested | (63,860) |  | $ | 116.88 |
Forfeited | — |  | $ | — |
Outstanding at December 31, 2025 | 132,350 |  | $ | 122.34 |

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