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Stock-based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation
5.
STOCK-BASED COMPENSATION

Compensation expense recorded for all stock options, performance shares, time-based restricted stock units (RSUs) and stock appreciation rights (SARs) was as follows:

(In thousands)

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

2026

 

 

2025

 

 

2026

 

 

2025

 

$

2,117

 

 

$

1,682

 

 

$

3,620

 

 

$

3,064

 

Unrecognized compensation costs for stock options, performance shares, RSUs and SARs were as follows:

(In thousands)

 

June 30,
2026

 

 

December 31,
2025

 

Stock options

 

$

134

 

 

$

109

 

Performance shares and RSUs

 

 

12,830

 

 

 

6,838

 

SARs

 

 

3,734

 

 

 

2,602

 

The change in unrecognized compensation costs for stock options, performance shares, RSUs and SARs is due to new grants issued in 2026.

The Company granted the following awards in the first six months of 2026:

 

 

Shares

 

Stock options

 

 

3,936

 

Performance shares (at target) and RSUs

 

 

210,393

 

SARs

 

 

146,539

 

The unrecognized compensation costs at June 30, 2026, are expected to be recognized over weighted-average periods of 2.0 years for stock options, 2.2 years for performance shares and RSUs and 2.1 years for SARs.