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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summaries of Recognized and Unrecognized Stock-Based Compensation Expense

Below are summaries of the recognized and unrecognized stock-based compensation expense by instrument for the periods indicated:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
		(In thousands)
Recognized compensation expense:
Options		$	71			$	70			$	331			$	74
RSAs			1,001				603				2,509				1,776
PSUs			959				768				2,814				2,072
ESPP			123				133				499				588
Total recognized compensation expense		$	2,154			$	1,574			$	6,153			$	4,510

		September 30, 2025
		(In thousands)
Unrecognized compensation expense:
Options		$	125
RSAs			6,691
PSUs			4,151
ESPP			102
Total unrecognized compensation expense		$	11,069
Weighted average period expected to be recognized (in years)
Options			2.0
RSAs			2.2

Summary of Stock Option Activity

The table below summarizes stock option activity for the nine months ended September 30, 2025 and 2024:

		Nine Months Ended September 30,
		2025				2024
		($ in thousands, except per share amounts)
Number of shares:
Options outstanding at beginning of period			1,065,772				752,964
Granted			4,740				83,359
Modified			(283,790	)			—
Options outstanding at end of period			786,722				836,323
Options exercisable at end of period			759,115				749,321
Options expected to vest (1)			27,607				87,002
Weighted average exercise price per share:
Options outstanding at beginning of period		$	14.46			$	12.88
Granted			17.50				18.23
Modified			18.23				—
Options outstanding at end of period		$	13.12			$	13.41
Options exercisable at end of period			12.94				12.88
Options expected to vest (1)			18.11				17.95
Aggregate intrinsic value (2):
Options outstanding at end of period		$	4,041			$	5,183
Options exercisable at end of period			4,025				5,039
Options expected to vest (1)			16				144
Weighted average remaining contractual life (in years):
Options outstanding at end of period			4.5				5.8
Options exercisable at end of period			4.4				5.3
Options expected to vest (1)			9.0				9.8

(1)The number of options expected to vest reflects no expected forfeiture.

(2)The aggregate intrinsic value represents the amount by which the fair value of underlying stock exceeds the “in-the-money” option exercise price.

Summary of Restricted Stock Award Activities

The table below summarizes RSA activity for the nine months ended September 30, 2025 and 2024:

		Nine Months Ended September 30,
		2025												2024
		Employee				Non-Employee Director				Total				Employee				Non-Employee Director				Total
Number of shares:
Unvested at beginning of period			355,505				47,430				402,935				409,137				61,276				470,413
Granted			329,495				17,292				346,787				195,164				15,939				211,103
Vested			(190,522	)			(26,261	)			(216,783	)			(248,796	)			(29,785	)			(278,581	)
Unvested at end of period			494,478				38,461				532,939				355,505				47,430				402,935
Weighted average grant date fair value per share:
Unvested at beginning of period		$	13.52			$	12.03			$	13.35			$	9.39			$	9.31			$	9.38
Granted			18.78				16.48				18.66				15.93				17.88				16.08
Vested			13.73				10.85				13.38				8.61				9.57				8.71
Unvested at end of period		$	16.95			$	14.83			$	16.79			$	13.52			$	12.03			$	13.35

Summary of Performance Stock Units Activities

The table below summarizes PSU activity for the nine months ended September 30, 2025 and 2024:

		Nine Months Ended September 30,
		2025								2024
		Number of Shares				Weighted Average Grant Date Fair Value Per Share				Number of Shares				Weighted Average Grant Date Fair Value Per Share
Outstanding at beginning of period, unvested			517,131			$	12.83				256,387			$	11.05
Granted (1)			155,165				18.82				157,994				15.86
Performance adjustment			153,637				10.00				102,750				12.63
Vested			(205,500	)			12.63				—				—
Outstanding at end of period, unvested			620,433			$	13.69				517,131			$	12.83

(1)The number of PSUs are presented at 100% of the specified target shares.

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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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.

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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.

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