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Stock-Based Compensation
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Stock-Based Compensation

Note 13 – Stock-Based Compensation

 

Total stock-based compensation was $766 and $(100) for the three months ended June 30, 2024 and 2023, respectively, and $1,526 and $(191) for the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024, there was $2,500 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighted average requisite service period of 23 months. As of June 30, 2024, there was $2,031 of unearned compensation expense related to time-vested stock options, which will be recognized over the remaining requisite service period of 26 months. As of June 30, 2024, there was no unearned compensation expense related to cash settled stock appreciation rights.

 

In June 2023, the Company issued 300,000 inducement stock options (the “Inducement Options”) outside of The FreightCar America, Inc. 2022 Long Term Incentive Plan to one individual. As of June 30, 2024, there was $209 of unrecognized compensation expense related to the Inducement Options, which will be recognized over the remaining requisite service period of 24 months.