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Share-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Payment Arrangement, Expensed and Capitalized | The following table presents the aggregate share-based compensation expense, net of forfeitures, for the following periods:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
$ in thousands |  | 2025 |  | 2024 |  | 2025 |  | 2024
Share-based compensation expense |  | $ | 13,907 |  |  | $ | 8,531 |  |  | $ | 24,103 |  |  | $ | 14,800 |
Schedule of Share-Based Payment Award, Equity Instruments Other Than Options, Valuation Assumptions | The assumptions used to calculate the fair value of these awards were:
Weighted average expected life |  | 3 years
Risk-free interest rates |  | 3.9 | %
Expected volatility |  | 80.0 | %
Share-Based Payment Arrangement, Performance Shares, Activity | The following table p resents a summary of PSU activity as of June 30, 2025 and the changes during the six months ended June 30, 2025:
In thousands, except per share data |  | Quantity |  | Weighted-Average Grant Date Fair Value Per Share
Unvested, beginning of period |  | 128 |  | $ | 16.24 |
Granted |  | 524 |  | 2.89 |
Forfeited |  | (330) |  | 5.03 |
Unvested, end of period |  | 322 |  | $ | 6.00 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The fair value of the Company’s stock option grants was estimated utilizing the following assumptions using the Black-Scholes Merton model:
Weighted average expected life |  | 3 years
Risk-free interest rates |  | 3.87 | %
Expected volatility |  | 86.0 | %
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | The following table presents a summary of stock option activity during the six months ended June 30, 2025:
In thousands, except per share data |  | Quantity |  | Weighted-Average Exercise Price Per Share
Unvested, beginning of period |  | 2,460 |  |  |  | $ | 11.30 |  |  |
Granted |  | 4,076 |  |  |  | 2.13 |  |  |
Forfeited |  | (30) |  |  |  | 2.13 |  |  |
Unvested, end of period |  | 6,506 |  |  |  | $ | 5.60 |  |  |
The following table presents a summary of RSU activity during the six months ended June 30, 2025:
In thousands, except per share data |  | Quantity |  | Weighted-Average Grant Date Fair Value Per Share
Unvested, beginning of period |  | 2,132 |  | $ | 11.54 |
Granted |  | 2,114 |  | 2.58 |
Vested |  | (379) |  | 8.03 |
Forfeited |  | (337) |  | 3.61 |
Unvested, end of period |  | 3,530 |  | $ | 7.29 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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