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STOCK BASED AND DEFERRED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Summary of Compensation Expense and Stock Award Activity | Below is a summary of stock-based compensation expense and stock award activity (dollars in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation expense | $ | 3,597 |  |  | $ | 4,718 |  |  | $ | 9,922 |  |  | $ | 10,832 |
Non-vested shares granted | — |  |  | — |  |  | 320,213 |  |  | 281,330 |
Performance-based non-vested shares granted | — |  |  | — |  |  | 82,907 |  |  | 75,396 |
Performance-based shares issued in excess of target shares granted (1) | — |  |  | — |  |  | 20,556 |  |  | 31,956 |
Restricted stock awards vested (includes performance-based awards) | — |  |  | 16,400 |  |  | 493,050 |  |  | 497,236 |
(1)Performance-based shares that vested and were issued as a result of performance achievement exceeding the originally established targeted number of shares related to respective performance metrics related to the prior fiscal year performance period.
Summary of Additional Information Regarding Stock Plan | The following table includes additional information regarding our stock compensation plan (dollars in thousands):
|  | As of
|  | June 30, 2025 |  | December 31, 2024
Unrecognized stock-based compensation cost |  | $ | 41,319 |  |  | $ | 30,666 |
Weighted average years expense recognition period |  | 2.09 |  | 1.95
Total equity awards outstanding (1) |  | 1,045,739 |  |  | 1,256,932 |
(1)Includes unvested restricted stock units and performance-based awards (assuming 100%/target payout).

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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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