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Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Stock Activity

A summary of restricted stock activity is presented below:

		Number of Restricted Shares				Weighted Average Grant Price
Outstanding at January 1, 2024			1,429,084			$	11.62
Granted			1,315,984			$	7.78
Vested			(652,781	)		$	11.49
Forfeitures			(1,200	)		$	7.63
Outstanding at December 31, 2024			2,091,087			$	9.25

		Year Ended December 31,
		2024				2023				2022
		(In thousands, except per share data)
Fair value of vested restricted stock		$	7,536			$	4,241			$	11,080
Grant date weighted average fair value		$	7.78			$	9.80			$	17.70
Compensation expense recognized for restricted stock grants		$	9,884			$	6,519			$	4,171
Unrecognized compensation expense related to unvested shares		$	12,753
Expected recognition period		1.7 years

Summary of Significant Assumptions Used to Value PSUs

Significant assumptions used to value PSUs included:

		Year Ended December 31,
		2024				2023				2022
Risk free interest rate			4.4	%			4.2	%			3.6	%
Range of implied volatility:
Minimum			33	%			38	%			50	%
Maximum			58	%			68	%			83	%

Summary of PSU Activity

A summary of PSU activity is presented below:

		Number of PSUs				Weighted Average Grant Price
Outstanding at January 1, 2024			760,901			$	15.92
Granted			705,603			$	9.69
Earned			(175,749	)		$	8.09
Outstanding at December 31, 2024			1,290,755			$	13.21

		Year Ended December 31,
		2024				2023				2022
		(In thousands, except per unit data)
Number of PSUs granted			706				391				237
Grant date fair value		$	6,837			$	4,906			$	6,023
Grant date fair value per unit		$	9.69			$	13.64			$	25.92
Compensation expense recognized for PSUs		$	5,375			$	3,348			$	2,439
Unrecognized compensation expense related to unvested shares		$	8,344
Expected recognition period		2.0 years

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
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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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