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Stock-based Compensation | 6 Months Ended
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Jun. 30, 2025
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, 2025, the Company had 798,767 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, 2025 and 2024:
|  | 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, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Employee Stock Awards - RSUs |  |  | 134 |  |  |  | 129 |  |  | $ | 84.46 |  |  | $ | 150.60 |  |  |  | 142,855 |  |  |  | 82,795 |  |  | $ | 84.83 |  |  | $ | 152.59 |
Employee Stock Awards - PSAs |  |  | — |  |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 75,313 |  |  |  | 28,088 |  |  | $ | 76.42 |  |  | $ | 166.78 |
Cash-Settled RSUs |  |  | 343 |  |  |  | 494 |  |  | $ | 84.46 |  |  | $ | 150.60 |  |  |  | 73,421 |  |  |  | 34,558 |  |  | $ | 84.83 |  |  | $ | 152.56 |
Non-Employee Director Stock Awards - RSUs |  |  | 444 |  |  |  | — |  |  | $ | 84.40 |  |  | $ | — |  |  |  | 444 |  |  |  | — |  |  | $ | 84.40 |  |  | $ | — |
Total |  |  | 921 |  |  |  | 623 |  |  |  |  |  |  |  |  |  | 292,033 |  |  |  | 145,441 |  |  |  |  |  |  |
The total stock-based compensation expense was $5.8 million and $9.8 million for the three and six months ended June 30, 2025, respectively, and $6.8 million and $12.7 million for the three and six months ended June 30, 2024 respectively. The unrecognized compensation expense at June 30, 2025 was $35.8 million, which is expected to vest over the next 1.9 years.

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