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Equity Incentive Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Recognized Compensation Expenses | The Company recognized compensation expense related to the Amended 2018 Plan for the years ended December 31, 2024, 2023 and 2022 as follows (in thousands):
|  | 2024 |  |  | 2023 |  |  | 2022 |
Stock option plan expense |  | $ | 993 |  |  | $ | 631 |  |  | $ | 552 |
Restricted stock expense |  | $ | 17,115 |  |  | $ | 14,433 |  |  | $ | 15,652 |
Summary of Options Activity | A summary of the activity of the Company’s stock options is presented below:
|  | Shares |  |  | Wtd. Avg. Exercise Price |  |  | Wtd. Avg. Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
|  | (In thousands) |  |  |  |  |  |  |  |  | (In thousands) |
Options outstanding at January 1, 2024 |  |  | 2,038 |  |  | $ | 16.94 |  |  |  | 5.48 |  |  | $ | 2,558 |
Granted |  |  | 389 |  |  |  | 13.08 |  |  |  |  |  |  |
Exercised |  |  | (584 | ) |  |  | 14.77 |  |  |  |  |  |  |
Forfeited/Canceled |  |  | (211 | ) |  |  | 17.53 |  |  |  |  |  |  |
Options outstanding at December 31, 2024 |  |  | 1,632 |  |  | $ | 16.64 |  |  |  | 5.59 |  |  | $ | 19,520 |
Options vested and expected to vest at December 31, 2024 |  |  | 1,567 |  |  | $ | 16.86 |  |  |  | 5.45 |  |  | $ | 18,436 |
Options exercisable at December 31, 2024 |  |  | 902 |  |  | $ | 21.81 |  |  |  | 3.33 |  |  | $ | 6,569 |
The following table summarizes information relative to stock option activity during the years ended December 31, 2024, 2023 and 2022 (in thousands):
|  | 2024 |  |  | 2023 |  |  | 2022 |
Intrinsic value of options exercised |  | $ | 4,804 |  |  | $ | 94 |  |  | $ | 24 |
Fair value of shares vested |  | $ | 658 |  |  | $ | 519 |  |  | $ | 600 |
Exercise Prices and Related Information of Stock Option Outstanding | The following table summarizes information about the exercise prices and related information of stock options outstanding under the Amended 2018 Plan at December 31, 2024:
|  | Options Outstanding |  |  | Options Exercisable |
Exercise Prices ($) |  | Number Outstanding |  |  | Wtd. Avg. Remaining Contractual Life |  |  | Wtd. Avg. Exercise Price |  |  | Number Exercisable |  |  | Wtd. Avg. Remaining Contractual Life |  |  | Wtd. Avg. Exercise Price |
|  | (In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
0-8.75 |  |  | 300 |  |  |  | 6.68 |  |  | $ | 6.53 |  |  |  | 117 |  |  |  | 6.51 |  |  | $ | 6.83 |
8.75-18.23 |  |  | 702 |  |  |  | 8.16 |  |  | $ | 12.00 |  |  |  | 155 |  |  |  | 5.64 |  |  | $ | 13.59 |
18.23-27.35 |  |  | 290 |  |  |  | 3.10 |  |  | $ | 21.55 |  |  |  | 290 |  |  |  | 3.10 |  |  | $ | 21.55 |
27.35-34.42 |  |  | 340 |  |  |  | 1.38 |  |  | $ | 30.94 |  |  |  | 340 |  |  |  | 1.38 |  |  | $ | 30.94 |
Total |  |  | 1,632 |  |  |  | 5.59 |  |  | $ | 16.64 |  |  |  | 902 |  |  |  | 3.33 |  |  | $ | 21.81 |
Summary of Non-vested Stock Option Activity | The following table summarizes the status of non-vested stock options as of December 31, 2024 and changes during the year ended December 31, 2024:
|  | Number of Shares |  |  | Wtd. Avg. Grant Date Fair Value |
|  | (In thousands) |  |  |  |
Options non-vested at January 1, 2024 |  |  | 410 |  |  | $ | 2.95 |
Granted |  |  | 389 |  |  |  | 6.64 |
Vested |  |  | (270 | ) |  |  | 2.44 |
Forfeited |  |  | (211 | ) |  |  | 3.59 |
Options non-vested at December 31, 2024 |  |  | 318 |  |  | $ | 4.86 |
Summary of Restricted Stock Activity | The following table summarizes the status of restricted stock awards as of December 31, 2024 and changes during the year ended December 31, 2024:
|  | Shares |  |  | Wtd. Avg. Grant Date Fair value |
|  | (In thousands) |  |  |  |
Restricted stock outstanding at January 1, 2024 |  |  | 3,999 |  |  | $ | 7.78 |
Granted |  |  | 1,821 |  |  |  | 13.65 |
Vested |  |  | (2,107 | ) |  |  | 7.64 |
Forfeited/Canceled |  |  | (55 | ) |  |  | 8.78 |
Restricted stock outstanding at December 31, 2024 |  |  | 3,658 |  |  | $ | 9.77 |

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