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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Compensation Expense | The following table summarizes the stock-based compensation expense recognized under all of the Company’s stock plans for the three and six months ended June 30, 2024 and 2023, and associated with the issuance of restricted shares of common stock and vesting of stock options that are included in general and administrative expenses in the accompanying condensed consolidated statements of income (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Stock options |  | $ | 349 |  |  | $ | 422 |  |  | $ | 698 |  |  | $ | 988 |
Restricted stock |  |  | 6,963 |  |  |  | 3,791 |  |  |  | 12,362 |  |  |  | 6,670 |
ESPP |  |  | 78 |  |  |  | — |  |  |  | 78 |  |  |  | — |
Total stock-based compensation expense |  | $ | 7,390 |  |  | $ | 4,213 |  |  | $ | 13,138 |  |  | $ | 7,658 |
Schedule of Stock Option Transactions Under Stock Option Plans | The Company’s outstanding stock options consisted of the following:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value (in millions) |
Options outstanding at January 1, 2024 |  |  | 504,241 |  |  | $ | 34.03 |  |  |  | 2.1 |  |  | $ | 4.7 |
Options granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Options exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Options forfeited |  |  | (7,271 | ) |  |  | 50.56 |  |  |  | — |  |  |  | — |
Options outstanding at June 30, 2024 |  |  | 496,970 |  |  | $ | 33.79 |  |  |  | 1.36 |  |  | $ | 7.9 |
Options exercisable at June 30, 2024 |  |  | 459,140 |  |  | $ | 28.04 |  |  |  | 1.18 |  |  | $ | 7.9 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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