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Stock-Based Compensation
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
A summary of restricted share activity for the nine months ended September 30, 2025 is as follows:

2025
Time-Based
Number of SharesWeighted Average
Grant Date
Fair Value
(In whole shares)
Outstanding - beginning of year675,727 $21.07 
Granted(a)
286,869 17.83 
Vested(280,935)19.41 
Canceled or expired(15,748)18.27 
Outstanding - end of period665,913 $20.44 
(a) - Included in this amount are 2,422 restricted share units.
Stock-based compensation is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Income. Total stock-based compensation expense was $1.3 million and $1.4 million for the three months ended September 30, 2025 and 2024, respectively. Total stock-based compensation expense was $4.1 million in both the nine months ended September 30, 2025 and 2024. As of September 30, 2025, there was $8.8 million of unrecognized compensation cost related to non-vested stock-based compensation, which is expected to be recognized over a weighted-average period of 2.0 years.