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Equity Incentive Programs | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Equity Incentive Programs | Equity Incentive Programs Equity Incentive Compensation Expense Equity incentive compensation expense was recorded primarily in selling, general and administrative expenses in the condensed consolidated statements of operations. The total compensation expense recognized related to all equity incentive programs for the three and nine months ended September 30, 2025 and 2024, was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Restricted Stock (“RS”) and Restricted Stock Units (“RSU”) equity awards expense | $ | 1.3 |  |  | $ | 1.5 |  |  | $ | 4.1 |  |  | $ | 4.8 |
Deferred Stock Units (“DSU”) awards expense | — |  |  | — |  |  | 1.0 |  |  | 1.1 |
Total equity incentive compensation expense | $ | 1.3 |  |  | $ | 1.5 |  |  | $ | 5.1 |  |  | $ | 5.9 |
Total future compensation expense related to all equity incentive programs granted as of September 30, 2025, was estimated to be $8.2 million, which consists entirely of expense for RS and RSU awards. Estimated future compensation expense is $1.5 million for the remainder of 2025, $4.2 million for 2026, $2.2 million for 2027 and $0.3 million for 2028. Restricted Stock and Restricted Stock Units The following table is a summary of RS and RSU award activity for the nine months ended September 30, 2025:
| Restricted Stock |  | Restricted Stock Units
| Shares |  | Weighted- Average Grant Date Fair Value Per Share |  | Weighted- Average Remaining Contractual Term (years) |  | Units |  | Weighted- Average Grant Date Fair Value Per Unit |  | Weighted- Average Remaining Contractual Term (years)
Nonvested at December 31, 2024 | 4,264,407 |  |  | $ | 4.45 |  |  | 1.1 |  | 147,953 |  |  | $ | 4.46 |  |  | 1.1
Granted | 851,510 |  |  | 6.96 |  |  |  |  | 66,445 |  |  | 6.33 |  |  |
Vested | (1,386,798) |  |  | 3.97 |  |  |  |  | (36,366) |  |  | 4.00 |  |  |
Forfeited | (310,179) |  |  | 4.95 |  |  |  |  | (54,986) |  |  | 4.65 |  |  |
Nonvested at September 30, 2025 | 3,418,940 |  |  | $ | 5.23 |  |  | 1.2 |  | 123,046 |  |  | $ | 5.52 |  |  | 1.7
Deferred Stock Units The following table is a summary of DSU award activity for the nine months ended September 30, 2025:
| Deferred Stock Units
| Units |  | Weighted-Average Grant Date Fair Value Per Unit
Outstanding at December 31, 2024 | 1,037,087 |  |  | $ | 5.95 |
Granted | 176,032 |  |  | 5.60 |
Dividend equivalents granted | 34,823 |  |  | 5.82 |
Settled | (393,834) |  |  | 6.68 |
Outstanding at September 30, 2025 | 854,108 |  |  | $ | 5.54 |

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