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Stock-based Compensation | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Stock-based Compensation | NOTE 10 – STOCK-BASED COMPENSATION The Company’s 2018 Amended and Restated Omnibus Incentive Plan (the “2018 A&R Omnibus Plan”) allows the Company to grant up to 2,050,000 total shares of common stock to officers, key employees, and non-employee directors. As of June 30, 2024, the Company had approximately 1,020,019 shares available for grant under the 2018 A&R Omnibus Plan. The following awards were granted during the three and six months ended June 30, 2024 and 2023:
|  | Awards Granted |  |  | Average Grant Date Fair Value |  |  | Awards Granted |  |  | Average Grant Date Fair Value |
|  | Three Months Ended |  |  | Three Months Ended |  |  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |  |  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Employee Stock Awards |  |  | 129 |  |  |  | 115 |  |  | $ | 150.60 |  |  | $ | 114.52 |  |  |  | 110,883 |  |  |  | 113,569 |  |  | $ | 156.18 |  |  | $ | 110.02 |
Cash-Settled RSUs |  |  | 494 |  |  |  | 18,853 |  |  | $ | 150.60 |  |  | $ | 114.52 |  |  |  | 34,558 |  |  |  | 66,464 |  |  | $ | 152.56 |  |  | $ | 109.33 |
Total |  |  | 623 |  |  |  | 18,968 |  |  |  |  |  |  |  |  |  | 145,441 |  |  |  | 180,033 |  |  |  |  |  |  |
The total stock-based compensation expense was $6.8 million and $12.7 million for the three and six months ended June 30, 2024, respectively, and $4.9 million and $10.8 million for the three and six months ended June 30, 2023, respectively. The unrecognized compensation expense at June 30, 2024 was $38.5 million, which is expected to vest over the next 1.7 years.

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