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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Option, Activity

The following table summarizes stock option activity during the nine months ended September 30, 2024:

			Stock Options						Weighted- Average Exercise Price
Options outstanding at December 31, 2023			371,313						$	59.92
Granted			139,215						33.41
Exercised			—						—
Forfeited			(42,220)						64.43
Expired			(5,094)						67.78
Options outstanding at September 30, 2024			463,214						$	51.46
Exercisable at September 30, 2024			189,816						$	70.28

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following table provides the assumptions used in the Black-Scholes pricing model valuation of options during the nine months ended September 30, 2024 and 2023:

			Nine Months Ended September 30,
			2024						2023
Risk-free interest rate			4.28% - 4.30%						3.55% - 4.55%
Expected life (years)			6.25						2.00 - 6.25
Expected volatility			50.62% - 50.72%						49.23% - 55.92%
Expected dividend yield			0%						0%

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes restricted stock activity during the nine months ended September 30, 2024:

			Restricted Stock						Weighted- Average Grant Date Fair Value Per Share
Restricted stock at December 31, 2023			653,465						$	45.89
Granted			336,785						33.02
Restrictions lapsed			(191,950)						54.48
Forfeited			(51,475)						39.06
Restricted stock at September 30, 2024			746,825						$	38.34

Schedule of Nonvested Performance-Based Units Activity

The following table summarizes performance stock activity during the nine months ended September 30, 2024:

			Performance Stock						Weighted- Average Grant Date Fair Value Per Share
Performance stock at December 31, 2023			107,097						$	74.08
Granted			79,436						48.20
Restrictions lapsed			—						—
Performance change			(2,772)						227.14
Forfeited			—						—
Performance stock at September 30, 2024			183,761						$	60.58

Schedule of Share-based Payment Award, Awards Other Than Stock Options, Valuation Assumptions

The following table provides the assumptions used in the Monte Carlo pricing model valuation of PSUs during the nine months ended September 30, 2024 and 2023:

			Nine Months Ended September 30,
			2024						2023
Risk-free interest rate			4.37%						4.35%
Expected life (years)			2.88						2.88
Expected volatility			51.40%						58.00%
Expected dividend yield			0%						0%

Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The following table presents the assumptions used to estimate the fair value of the ESPP during the nine months ended September 30, 2024 and 2023:

			Nine Months Ended September 30,
			2024						2023
Risk-free interest rate			5.07% - 5.16%						4.60% - 4.82%
Expected life (months)			6.00						6.00
Expected volatility			30.97% - 47.92%						47.38% - 67.84%
Expected dividend yield			0%						0%

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