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Stock Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock Unit Activity

A summary of restricted stock and restricted stock unit (RSU) activity for the nine months ended September 30, 2024 follows (shares in thousands):

						Restricted Stock  and RSU						Weighted- Average Grant-Date Fair Value
Outstanding at December 31, 2023						4,758						$	9.27
Granted						2,794						6.53
Vested						(1,309)						10.07
Forfeited and expired						(195)						7.58
Outstanding at September 30, 2024						6,048						6.85

Schedule of Assumptions Used

The fair value of awards with market conditions was estimated using a Monte Carlo simulation with the following weighted-average assumptions:

			Nine Months Ended September 30,
			2024						2023
Weighted-average fair value of grant			$	8.17					$	7.32
Risk-free interest rate(i)			4.46		%				4.51		%
Expected volatility(ii)			76.28		%				63.63		%
Expected life of restricted stock units in years(iii)			2.85						2.84
Expected dividend yield			—		%				—		%

(i) Represents the continuously compounded semi-annual zero-coupon U.S. treasury rate commensurate with the remaining performance period.

(ii) Based on historical volatility for the company that is commensurate with the length of the performance period.

(iii) Represents the remaining life of the longest performance period.

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- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (k)
-Publisher FASB
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Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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