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Share-Based Payments | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Share-Based Payment Arrangement [Text Block] | Note 12 — Share-Based Payments The Company’s 2002 Stock Award and Incentive Plan (the “Plan”), as amended, provides for the awarding of stock options, restricted stock and restricted stock units to certain key employees, executive officers and non-employee directors. Current awards under the Plan include grants to executive officers and certain key employees of restricted stock units, with vesting contingent upon the completion of specified service periods ranging from one to four years and/or (b) meeting certain financial performance and/or market-based metrics. Shares for the restricted stock units are not issued until they vest. The following table summarizes the total share-based compensation expense recognized for the three and nine months ended September 30, 2025 and 2024 (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Share-based compensation expense |  | $ | 2,392 |  |  | $ | 2,186 |  |  | $ | 8,132 |  |  | $ | 7,280 |
Restricted Stock Units Restricted stock unit activity (including those with performance-based vesting criteria) for the nine months ended September 30, 2025 is summarized as follows:
|  | Restricted Stock Units |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding, December 31, 2024 |  |  | 1,008,400 |  |  | $ | 22.51 |
Granted |  |  | 293,394 |  |  |  | 29.55 |
Vested |  |  | (338,903 | ) |  |  | 17.82 |
Forfeited |  |  | (3,549 | ) |  |  | 28.06 |
Outstanding, September 30, 2025 |  |  | 959,342 |  |  |  | 26.30 |
As of September 30, 2025, there was $14.0 million of total unrecognized compensation cost related to non-vested restricted stock units, which is expected to be recognized over a weighted-average period of 1.7 years. As of September 30, 2025, the fair market value of non-vested restricted stock units was $18.0 million.

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