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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
|  | (In thousands) |
Recognized compensation expense: |  |  |  |  |  |  |  |  |  |  |  |
Options |  | $ | 16 |  |  | $ | 131 |  |  | $ | 32 |  |  | $ | 260 |
RSAs |  |  | 1,324 |  |  |  | 761 |  |  |  | 2,433 |  |  |  | 1,508 |
PSUs |  |  | 1,458 |  |  |  | 948 |  |  |  | 2,750 |  |  |  | 1,855 |
ESPP |  |  | 281 |  |  |  | 189 |  |  |  | 559 |  |  |  | 376 |
Total recognized compensation expense |  | $ | 3,079 |  |  | $ | 2,029 |  |  | $ | 5,774 |  |  | $ | 3,999 |
|  | June 30, 2026 |
|  | (In thousands) |
Unrecognized compensation expense: |  |  |
Options |  | $ | 76 |
RSAs |  |  | 7,282 |
PSUs |  |  | 6,165 |
Total unrecognized compensation expense |  | $ | 13,523 |
Weighted average period expected to be recognized (in years) |  |  |
Options |  |  | 1.4 |
RSAs |  |  | 2.0 |
Summary of Stock Option Activity | The table below summarizes stock option activity for the six months ended June 30, 2026 and 2025:
|  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |
|  | ($ in thousands, except per share amounts) |
Number of shares: |  |  |  |  |  |
Options outstanding at beginning of period |  |  | 786,722 |  |  |  | 1,065,772 |
Exercised |  |  | (20,000 | ) |  |  | — |
Options outstanding at end of period |  |  | 766,722 |  |  |  | 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 |
Exercised |  |  | 13.00 |  |  |  | — |
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 |  | $ | 4,103 |  |  | $ | 4,358 |
Options exercisable at end of period |  |  | 4,083 |  |  |  | 4,238 |
Options expected to vest (1) |  |  | 21 |  |  |  | 120 |
Weighted average remaining contractual life (in years): |  |  |  |  |  |
Options outstanding at end of period |  |  | 3.8 |  |  |  | 5.9 |
Options exercisable at end of period |  |  | 3.6 |  |  |  | 4.6 |
Options expected to vest (1) |  |  | 8.3 |  |  |  | 9.1 |
(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 six months ended June 30, 2026 and 2025:
|  | Six Months Ended June 30, |
|  | 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 |  |  |  | 16,239 |  |  |  | 207,300 |  |  |  | 180,003 |  |  |  | 17,292 |  |  |  | 197,295 |
Vested |  |  | (197,662 | ) |  |  | (21,620 | ) |  |  | (219,282 | ) |  |  | (163,779 | ) |  |  | (26,261 | ) |  |  | (190,040 | )
Unvested at end of period |  |  | 487,877 |  |  |  | 33,080 |  |  |  | 520,957 |  |  |  | 371,729 |  |  |  | 38,461 |  |  |  | 410,190 |
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 |  |  |  | 17.55 |  |  |  | 19.44 |  |  |  | 18.82 |  |  |  | 16.48 |  |  |  | 18.61 |
Vested |  |  | 15.12 |  |  |  | 13.18 |  |  |  | 14.93 |  |  |  | 12.92 |  |  |  | 10.85 |  |  |  | 12.64 |
Unvested at end of period |  | $ | 18.73 |  |  | $ | 17.24 |  |  | $ | 18.63 |  |  | $ | 16.35 |  |  | $ | 14.83 |  |  | $ | 16.20 |
Summary of Performance Stock Units Activities | The table below summarizes PSU activity for the six months ended June 30, 2026 and 2025:
|  | Six Months Ended June 30, |
|  | 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 |  |  |  | 19.60 |  |  |  | 155,165 |  |  |  | 18.82 |
Performance adjustment |  |  | 157,994 |  |  |  | 15.86 |  |  |  | 153,637 |  |  |  | 10.00 |
Vested |  |  | (326,077 | ) |  |  | 10.46 |  |  |  | (205,500 | ) |  |  | 12.63 |
Outstanding at end of period, unvested |  |  | 622,116 |  |  | $ | 17.56 |  |  |  | 620,433 |  |  | $ | 13.69 |
(1) The number of PSUs are presented at 100% of the specified target shares.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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