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Stock-based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | Stock option activity from January 1, 2025 to June 30, 2025 follows:
| Underlying Shares |  | Weighted Average Exercise Price Per Share
Outstanding at January 1, 2025 | 1,794,005 |  | $ | 22.26 |
Exercised | — |  | $ | — |
Expired | (616,800) |  | $ | 20.33 |
Outstanding at June 30, 2025 | 1,177,205 |  | $ | 23.27 |
Exercisable at June 30, 2025 | 1,177,205 |  | $ | 23.27 |
Schedule of Restricted Stock Unit Activity | Share-settled restricted stock unit activity from January 1, 2025 to June 30, 2025 follows:
| Time Based |  | Performance Based |  | Weighted Average Grant Date Fair Value Per Share
Non-vested restricted stock units outstanding at January 1, 2025 | 5,427,657 |  | 452,514 |  | $ | 11.34 |
Granted | 4,429,947 |  | — |  | $ | 6.04 |
Vested | (2,759,605) |  | — |  | $ | 11.43 |
Forfeited | (113,246) |  | (1,489) |  | $ | 10.32 |
Non-vested restricted stock units outstanding at June 30, 2025 | 6,984,753 |  | 451,025 |  | $ | 8.17 |
A portion of the annual restricted stock unit awards granted in 2025 are cash-settled. Cash-settled restricted stock unit activity from January 1, 2025 to June 30, 2025 follows:
| Time Based |  |
Non-vested cash-settled restricted stock units outstanding at January 1, 2025 | 13,134 |  |
Granted | 619,417 |  |
Vested | (4,376) |  |
Forfeited | — |  |
Non-vested cash-settled restricted stock units outstanding at June 30, 2025 | 628,175 |  |
Schedule of Performance Units | Performance Units activity from January 1, 2025 to June 30, 2025 follows:
| Performance Units Share-Settled (at target) |  | Weighted Average Grant Date Fair Value Per Share |  | Performance Units Cash-Settled (at target) |  |
Non-vested outstanding at January 1, 2025 | 1,869,400 |  | $ | 15.62 |  |  | — |  |
Granted | 743,800 |  | $ | 5.86 |  |  | 743,800 |  |
Performance units settled (1) | (398,500) |  | $ | 25.95 |  |  | — |  |
Forfeited | — |  | $ | — |  |  | — |  |
Non-vested outstanding at June 30, 2025 | 2,214,700 |  | $ | 10.49 |  |  | 743,800 |  |
(1)Share-settled Performance Units granted in 2022 reached the end of their performance period during the six months ended June 30, 2025, and no shares were issued to settle such Performance Units.
Schedule of Stock-Based Compensation Expense | The following table presents stock-based compensation expense for the three and six months ended June 30, 2025 and 2024:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30,
Share-settled awards |  | 2025 |  | 2024 |  |  |  | 2025 |  | 2024 |  |
Restricted stock units |  | $ | 7,512 |  |  | $ | 8,681 |  |  |  |  | $ | 17,398 |  |  | $ | 18,624 |  |  |
Performance units – TSR |  | 1,568 |  |  | 2,131 |  |  |  |  | 3,971 |  |  | 4,240 |  |  |
Performance units – FCF |  | 498 |  |  | — |  |  |  |  | 498 |  |  | — |  |  |
Total share-settled awards |  | 9,578 |  |  | 10,812 |  |  |  |  | 21,867 |  |  | 22,864 |  |  |
Cash-settled awards |  |  |  |  |  |  |  |  |  |  |  |
Cash-settled restricted stock units |  | 204 |  |  | (130) |  |  |  |  | 212 |  |  | 1,110 |  |  |
Cash-settled performance units |  | 377 |  |  | — |  |  |  |  | 377 |  |  | — |  |  |
Total cash-settled awards |  | 581 |  |  | (130) |  |  |  |  | 589 |  |  | 1,110 |  |  |
Stock-based compensation expense |  | $ | 10,159 |  |  | $ | 10,682 |  |  |  |  | $ | 22,456 |  |  | $ | 23,974 |  |  |

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