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Stock-Based Compensation | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION The Company has stock incentive plans for executives, directors and eligible employees. Stock awards include performance shares, restricted stock and stock options. Stock-based compensation expense in the three and nine months ended September 30, 2023 was $2.6 million and $8.5 million, respectively, compared to $2.5 million and $7.1 million in the three and nine months ended September 31, 2022. At September 30, 2023, there was $10.5 million of unrecognized stock-based compensation cost which is expected to be recognized over a weighted-average remaining vesting period of 1.6 years. The following table summarizes the grants awarded during the nine months ended September 30, 2023:
Grant date | Restricted stock |  | Grant date fair value of restricted stock |  | Performance shares |  | Grant date fair value of performance shares
February 27, 2023 | 2,596,856 |  |  | $ | 3.00 |  |  | 1,738,581 |  |  | $ | 3.14 |
June 19, 2023 | 57,804 |  |  | $ | 3.11 |  |  | 46,340 |  |  | $ | 3.14 |
August 18, 2023 | 436,422 |  |  | $ | 2.53 |  |  | 5,308 |  |  | $ | 3.14 |

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