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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Summary of Activity in Stock Award Plans | The activity in the Stock Plan is displayed in the following table:
| Year Ended
Authorized Shares Available for Future Award Grants | December 31, 2025
Beginning balance | 1,335,589 |
Additional shares authorized | — |
Number of awards granted | (394,027) |
Number of awards forfeited or expired | 146,286 |
Performance-based adjustments | (86,328) |
Ending balance | 1,001,520 |
Number of option awards exercised | 15,363 |
Number of restricted stock awards vested | 93,020 |
The activity in the Director Stock Plan is displayed in the following table:
| Year Ended
Authorized Shares Available for Future Award Grants | December 31, 2025
Beginning balance | 71,410 |
Additional authorization | — |
Number of awards granted | (36,524) |
Number of awards forfeited or expired | — |
Ending balance | 34,886 |
Number of option awards exercised | — |
Number of restricted stock awards vested | 32,190 |
Summary of Recognition of Stock-Based Compensation Expense | We expect this compensation to be recognized in subsequent years according to the following table, except with respect to awards that are accelerated by the Board of Directors, in which case we will recognize any remaining compensation expense in the period in which the awards are accelerated.
2026 |  | $ | 6,875 |
2027 |  | 3,360 |
2028 |  | 415 |
Total |  | $ | 10,650 |
Summary of Analysis of Award Activity | The analysis below details the option award activity for 2025 and the awards outstanding at December 31, 2025, for both of our plans and ad hoc options, which were granted prior to the adoption of the other plans:
Options | Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Life (in years) |  | Aggregate Intrinsic Value
Outstanding at January 1, 2025 | 226,127 |  |  | $ | 32.91 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (15,363) |  |  | 29.12 |  |  |  |  |
Cancelled/Forfeited | (29,164) |  |  | 42.34 |  |  |  |  |
Expired | (12,737) |  |  | 29.12 |  |  |  |  |
Outstanding at December 31, 2025 | 168,863 |  |  | $ | 31.91 |  |  | 5.67 |  | $ | 1,044 |
Exercisable at December 31, 2025 | 138,907 |  |  | $ | 32.75 |  |  | 5.35 |  | $ | 793 |
Summary of Restricted Stock Award Activity | The analysis below details the award activity for the restricted stock, restricted stock unit, and performance stock unit awards outstanding at December 31, 2025:
Restricted stock awards | Shares |  | Weighted-Average Grant Date Fair Value
Non-vested at January 1, 2025 | 596,787 |  |  | $ | 23.67 |
Granted | 430,551 |  |  | 26.12 |
Vested | (169,612) |  |  | 24.13 |
Forfeited | (87,685) |  |  | 25.91 |
PSU projected performance adjustment | 112,421 |  |  | 24.09 |
Non-vested at December 31, 2025 | 882,462 |  |  | $ | 24.74 |
Summary of Weighted-average Grant-Date Fair Value Assumptions | The weighted-average grant-date fair value of the options granted under our plans has been estimated using the Black-Scholes option pricing model with the following weighted-average assumptions. There were no option grants during the years ended December 31, 2025 and 2024.
December 31, | 2025 |  | 2024 |  | 2023
Risk-free interest rate | N/A |  | N/A |  | 4.09 | %
Expected volatility (historical) | N/A |  | N/A |  | 41.85 | %
Expected option life (in years) | N/A |  | N/A |  | 7
Expected dividends (in dollars) | N/A |  | N/A |  | $ | 0.64 |
Weighted-average grant-date fair value of options granted during the year (in dollars) | N/A |  | N/A |  | $ | 10.95 |
Summary of Stock Options Outstanding and Exercisable | The following table summarizes information regarding the stock options outstanding and exercisable at December 31, 2025:
|  |  | Options Outstanding | Options Exercisable
Range of Exercise Prices | Number Outstanding (in shares) | Weighted-Average Remaining Contractual Life (in years) | Weighted-Average Exercise Price | Number Exercisable (in shares) | Weighted-Average Exercise Price
$ | — |  |  | 20.00 | — |  | 0 | $ | — |  | — |  | $ | — |
20.01 |  |  | 30.00 | 130,361 |  | 6.77 | 28.34 |  | 100,405 |  | 28.45 |
30.01 |  |  | 40.00 | 10,069 |  | 0.14 | 39.91 |  | 10,069 |  | 39.91 |
40.01 |  |  | 50.00 | 23,613 |  | 2.50 | 43.60 |  | 23,613 |  | 43.60 |
50.01 |  |  | 60.00 | 4,820 |  | 3.13 | 54.26 |  | 4,820 |  | 54.26 |
$ | 20.01 |  |  | 60.00 | 168,863 |  | 5.67 | $ | 31.91 |  | 138,907 |  | $ | 32.75 |

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