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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

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 March 31,
		2026				2025
		(In thousands)
Recognized compensation expense:
Options		$	16			$	129
RSAs			1,109				747
PSUs			1,292				907
ESPP			278				187
Total recognized compensation expense		$	2,695			$	1,970

		March 31, 2026
		(In thousands)
Unrecognized compensation expense:
Options		$	92
RSAs			8,321
PSUs			7,734
ESPP			281
Total unrecognized compensation expense		$	16,428
Weighted average period expected to be recognized (in years)
Options			1.6
RSAs			2.2

Summary of Stock Option Activity

The table below summarizes stock option activity for the three months ended March 31, 2026 and 2025:

		Three Months Ended March 31,
		2026				2025
		($ in thousands, except per share amounts)
Number of shares:
Options outstanding at beginning of period			786,722				1,065,772
Granted			—				—
Exercised			—				—
Modified			—				—
Forfeited			—				—
Options outstanding at end of period			786,722				1,065,772
Options exercisable at end of period			760,838				749,344
Options expected to vest (1)			25,884				316,428
Weighted average exercise price per share:
Options outstanding at beginning of period		$	13.12			$	14.46
Granted			—				—
Exercised			—				—
Modified			—				—
Forfeited			—				—
Options outstanding at end of period		$	13.12			$	14.46
Options exercisable at end of period			12.96				12.88
Options expected to vest (1)			17.95				18.19
Aggregate intrinsic value (2):
Options outstanding at end of period		$	3,874			$	4,538
Options exercisable at end of period			3,860				4,365
Options expected to vest (1)			14				173
Weighted average remaining contractual life (in years):
Options outstanding at end of period			4.0				6.2
Options exercisable at end of period			3.9				4.8
Options expected to vest (1)			8.5				9.4

(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 three months ended March 31, 2026 and 2025:

		Three Months Ended March 31,
		2026												2025
		Employee				Non-Employee Director				Total				Employee				Non-Employee Director				Total
Number of shares:
Unvested at beginning of period			494,478				38,461				532,939				355,505				47,430				402,935
Granted			191,061				—				191,061				180,003				—				180,003
Vested			(185,445	)			—				(185,445	)			(163,779	)			—				(163,779	)
Forfeited			—				—				—				—				—				—
Unvested at end of period			500,094				38,461				538,555				371,729				47,430				419,159
Weighted average grant date fair value per share:
Unvested at beginning of period		$	16.95			$	14.83			$	16.79			$	13.52			$	12.03			$	13.34
Granted			19.60				—				19.60				18.82				—				18.82
Vested			14.89				—				14.89				12.92				—				12.92
Forfeited			—				—				—				—				—				—
Unvested at end of period		$	18.73			$	14.83			$	18.44			$	16.35			$	12.03			$	15.86

Summary of Performance Stock Units Activities

The table below summarizes PSU activity for the three months ended March 31, 2026 and 2025:

		Three Months Ended March 31,
		2026								2025
		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			620,433			$	13.70				517,131			$	12.83
Granted (1)			169,766								155,165				18.82
Performance adjustment			157,994								153,637				10.00
Vested			(307,274	)							(205,500	)			12.63
Forfeited			—								—				—
Outstanding at end of period, unvested			640,919			$	13.26				620,433			$	13.69

(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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