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STOCK COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information for the six months ended June 30, 2025 is as follows:

			Options						Weighted- average exercise price						Weighted- average remaining contractual life (years)						Aggregate intrinsic value (in thousands)
Options outstanding, January 1, 2025			782,500						$	11.41
Grants			44,500						5.13
Options outstanding, June 30, 2025(1)			827,000						11.07						4.5						$	—
Options exercisable, June 30, 2025			700,000						$	11.73					3.7						$	—
Total unrecognized stock option expense remaining (in thousands)			$	362
Weighted-average years expected to be recognized over			1.7

(1) Includes a non-plan stock option award of 15,000 stock options granted in 2024.

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity and related information for the six months ended June 30, 2025 is as follows:

			Restricted Shares						Weighted- average grant date fair value
Non-vested restricted shares, January 1, 2025			593,526						$	9.46
Grants			588,698						4.57
Vested			(286,320)						9.96
Forfeitures			(6,751)						7.91
Non-vested restricted shares, June 30, 2025			889,153						$	6.07
Total unrecognized compensation expense remaining (in thousands)			$	4,776
Weighted-average years expected to be recognized over			1.7

Summary of Performance-based Award Activity

A summary of the Company’s performance-based award activity and related information for the six months ended June 30, 2025 is as follows:

			Performance- based stock awards (1)						Weighted- average grant date fair value
Non-vested performance-based awards, January 1, 2025			529,407						$	8.96
Grants			331,561						5.13
Forfeitures(2)			(128,796)						11.96
Non-vested performance-based awards, June 30, 2025			732,172						$	6.70
Total unrecognized compensation expense remaining (in thousands)			$	2,606
Weighted-average years expected to be recognized over			2.0

(1)Represents the target number of shares to be issued for each performance-based award.

(2)Includes the forfeiture of performance-based awards granted in 2022 as the performance metric was not attained.

Share-based Payment Arrangement, Cash Settled Performance Shares, Activity

A summary of the Company’s cash-settled performance-based awards activity and related information for the six months ended June 30, 2025 is as follows:

			Cash-settled performance-based awards (1)						Weighted- average fair value
Non-vested cash-settled performance-based awards, January 1, 2025			82,176						$	5.91
Forfeitures(2)			(82,176)						5.91
Non-vested cash-settled performance-based awards, June 30, 2025			—						$	—
Total unrecognized compensation expense remaining (in thousands)			$	—
Weighted-average years expected to be recognized over			0.0

(1) Represents the target number of units to be settled in cash.

(2) Includes the forfeiture of performance-based awards granted in 2022 as the performance metric was not attained.

Summary of Stock Compensation Expense

The Company recorded stock compensation expense as follows (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
Stock Compensation Expense Components			2025						2024						2025						2024
Equity based stock option expense			$	64					$	60					$	134					$	110
Restricted and performance-based stock awards expense			980						984						1,973						1,733
Stock compensation expense for equity based awards			1,044						1,044						2,107						1,843
Liability based stock option expense			—						(7)						(1)						1
Total Stock Compensation Expense			$	1,044					$	1,037					$	2,106					$	1,844

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Share-based Payment Arrangement, Cash Settled Performance Shares, Activity

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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

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-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

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares.

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-Section 50
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