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Stock-Based Compensation (Tables)

6 Months Ended

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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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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