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Share-Based Compensation
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation

10. Share-Based Compensation

The Company recognized $3.4 million and $1.7 million of expense related to share-based compensation during the three months ended March 31, 2025 and 2024, respectively, which was measured based upon the fair value of the awards at the grant date.

The Company granted approximately 388,000 and 284,000 restricted stock units during the three months ended March 31, 2025 and 2024, respectively, and approximately 67,000 and 25,000 stock options during the three months ended March 31, 2025 and 2024, respectively.

There were 10,000 options exercised during the three months ended March 31, 2024, for which the Company received $0.1 million in cash. The intrinsic value of options exercised during the three months ended March 31, 2024 was $0.1 million. No options were exercised during the three months ended March 31, 2025.