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Stock-Based Compensation
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
The Company uses equity awards as a long-term retention program that is intended to attract, retain and provide incentives for employees, officers, and directors and to more closely align stockholder and employee interests. The Company recognizes compensation expense for all of its share-based stock awards based on their fair values.
The Company recognized $1.2 million in stock-based compensation expense for the three months ended June 30, 2025 and June 30, 2024. The Company recognized $2.2 million and $1.8 million in stock-based compensation expense for the six months ended June 30, 2025 and June 30, 2024, respectively. As of June 30, 2025, the Company had $12.5 million in unrecognized stock compensation expense which will be recognized over approximately three years.