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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity

The following table presents the Company's total stock-based compensation expense:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2025				2024				2025				2024
Employee stock-based compensation expense
Pre-tax	$	926			$	556			$	2,872			$	1,593
Post-tax (1)		732				439				2,269				1,258
Director stock-based compensation expense
Pre-tax		121				138				379				310
Post-tax (1)		96				109				300				245

(1) The after-tax amounts are determined using the 21% corporate federal tax rate.

Schedule of Nonvested Share Activity

The following table presents certain information related to the activity of the Company's non-vested restricted common stock grants:

	Number of Restricted Shares				Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2024		606,411			$	6.23
Granted		466,672				11.48
Less: Forfeited		1,009				11.59
Less: Vested		494,793				5.29
Outstanding as of September 30, 2025		577,281			$	10.12

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following weighted-average assumptions were used to value the stock options granted:

	2025				2024
Expected annual dividend yield		—	%			—	%
Expected volatility		88.51	%			86.92	%
Risk-free interest rate		3.87	%			4.37	%
Expected term	6 years				6 years

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity

The following table presents certain information related to the activity of the Company's stock option grants:

	Number of Stock Options				Weighted Average Exercise Prices				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value (2)
Outstanding as of December 31, 2024		1,130,035			$	4.12				7.21			$	10,202,000
Granted		76,141				11.63				—				—
Less: Forfeited		—				—				—				—
Less: Expired		—				—				—				—
Less: Exercised		240,446				3.17				—				—
Outstanding as of September 30, 2025		965,730			$	4.95				6.76			$	6,514,000
Vested as of September 30, 2025 ⁽¹⁾		1,475,570			$	4.24				6.28			$	5,996,000
Exercisable as of September 30, 2025		799,869			$	4.24				6.28			$	5,996,000

(1) The vested shares are calculated based on all vested shares at September 30, 2025, inclusive of those that have since expired. The weighted average exercise prices, weighted-average remaining contractual term and aggregate intrinsic value is calculated based on only vested shares that are outstanding and exercisable at September 30, 2025.

(2) Presented in ones.

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Tabular disclosure of the changes in outstanding nonvested shares.

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