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Stock-Based Compensation | 9 Months Ended
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Sep. 30, 2024
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, 2024 was $2.8 million and $9.8 million, respectively, compared to $2.6 million and $8.5 million in the three and nine months ended September 30, 2023. At September 30, 2024, there was $11.3 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, 2024:
Grant date | Restricted stock |  | Grant date fair value of restricted stock |  | Performance shares |  | Grant date fair value of performance shares
February 26, 2024 | 3,087,822 |  |  | $ | 2.55 |  |  | 2,050,899 |  |  | $ | 2.77 |
August 9, 2024 | 77,354 |  |  | $ | 5.44 |  |  | 3,568 |  |  | $ | 2.77 |

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