XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.25.2

Share-Based Compensation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-based Compensation Expense | The components of the Company’s share-based compensation expense for the six months ended June 30, 2025 and 2024 are as follows:
| Six Months Ended June 30,
| 2025 |  | 2024
| (in thousands)
Stock options | $ | 1,934 |  |  | $ | 353 |
Restricted stock units and deferred stock units | 3,548 |  |  | 3,501 |
Performance stock units | 713 |  |  | 665 |
Employee Stock Purchase Plan | 84 |  |  | 78 |
Total pre-tax share-based compensation expense charged against income | $ | 6,279 |  |  | $ | 4,597 |
The following table summarizes the components of share-based compensation expense included within the Consolidated Statements of Comprehensive (Loss)/Income for the six months ended June 30, 2025 and 2024:
| Six Months Ended June 30,
| 2025 |  | 2024
| (in thousands)
Selling, general and administrative expense | $ | 6,257 |  |  | $ | 4,572 |
Costs of services provided | 22 |  |  | 25 |
Total share-based compensation expense | $ | 6,279 |  |  | $ | 4,597 |
Schedule of Stock Options Outstanding | A summary of stock options outstanding under the Amended 2020 Plan and the 2012 Plan as of December 31, 2024 and changes during the six months ended June 30, 2025 are as follows:
| Stock Options Outstanding
| Number of Shares |  | Weighted Average Exercise Price
| (in thousands) |  |
December 31, 2024 | 2,528 |  |  | $ | 28.23 |
Granted | 269 |  |  | $ | 11.76 |
Exercised | — |  |  | $ | — |
Forfeited | — |  |  | $ | — |
Expired | (278) |  |  | $ | 31.22 |
June 30, 2025 | 2,519 |  |  | $ | 26.14 |
Schedule of Assumption for Fair Value of Options Granted | The fair value of stock option awards granted during the six months ended June 30, 2025 and 2024 was estimated on the dates of grant using the Black-Scholes option valuation model with the following assumptions:
| Six Months Ended June 30,
| 2025 |  | 2024
Risk-free interest rate | 4.5 | % |  | 3.9 | %
Weighted average expected life | 7.2 years |  | 7.0 years
Expected volatility | 42.1 | % |  | 40.5 | %
Dividend yield | — | % |  | — | %
Schedule of Other Information about Stock Options | The following table summarizes other information about the stock options at June 30, 2025:
| June 30, 2025
| (amounts in thousands, except per share data)
Outstanding: |
Aggregate intrinsic value | $ | 2,505 |
Weighted average remaining contractual life | 5.0 years
Exercisable: |
Number of options | 1,711 |
Weighted average exercise price | $ | 32.05 |
Aggregate intrinsic value | $ | 379 |
Weighted average remaining contractual life | 3.6 years
Schedule of Outstanding Restricted Stock Units | A summary of the outstanding RSUs and DSUs as of December 31, 2024 and changes during the six months ended June 30, 2025 is as follows:
| Restricted Stock Units & Deferred Stock Units
| Number |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |
December 31, 2024 | 1,516 |  |  | $ | 13.98 |
Granted | 741 |  |  | $ | 11.89 |
Vested | (406) |  |  | $ | 16.19 |
Forfeited | (21) |  |  | $ | 12.36 |
June 30, 2025 | 1,830 |  |  | $ | 12.66 |
Schedule of Outstanding Performance Stock Units | A summary of the outstanding PSUs as of December 31, 2024 and changes during the six months ended June 30, 2025 is as follows:
| Performance Stock Units
| Number |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |
December 31, 2024 | 258 |  |  | $ | 15.31 |
Granted | 106 |  |  | $ | 14.75 |
Vested | (31) |  |  | $ | 21.00 |
Forfeited | (29) |  |  | $ | 21.00 |
June 30, 2025 | 304 |  |  | $ | 14.00 |
Schedule of Options Granted Under Employee Stock Purchase Plan | The expense associated with the options granted under the ESPP during the six months ended June 30, 2025 and 2024 was estimated on the date of grant using the Black-Scholes option valuation model with the following assumptions:
| Six Months Ended June 30,
| 2025 |  | 2024
Risk-free interest rate | 4.2% |  | 4.8%
Weighted average expected life (years) | 1.0 |  | 1.0
Expected volatility | 39.3% |  | 37.1%
Dividend yield | —% |  | —%
Schedule of Supplemental Employee Retirement Plan | The following table summarizes information about the SERP during the six months ended June 30, 2025 and 2024:
| Six Months Ended June 30,
| 2025 |  | 2024
| (in thousands)
SERP expense 1 | $ | 368 |  |  | $ | 355 |
Unrealized gain recorded in SERP liability account | $ | 3,182 |  |  | $ | 5,350 |
1.Both the SERP match and the deferrals are included in the “Selling, general and administrative expense” caption in the Consolidated Statements of Comprehensive (Loss)/Income.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -SubTopic 10 -Name Accounting Standards Codification -Section 30 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483043/710-10-30-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482943/710-10-55-8 + Details
Name: | us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 50 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718-50/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration