XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Restricted stock unit, vesting information | A summary of the quantity and vesting conditions for stock-based units granted to the Company’s employees for the six months ended June 30, 2025 was as follows:
Vesting conditions |  |  |  |  |  | Number of Restricted Stock Units Granted |  |
Performance and service conditions - Type 1 (1) (2) |  |  |  |  |  | 13,296 |  |  |
Performance and service conditions - Type 2 (1) (2) |  |  |  |  |  | 35,392 |  |  |
Total shares of stock award granted |  |  |  |  |  | 48,688 |  |  |
(1)The performance conditions with respect to restricted stock units may be satisfied as follows: (a)For grants to Corporate office employees subject to 2024 performance conditions, 100% of the restricted stock units may be earned on the basis of performance as measured by a “group adjusted EBITDA”. (2)To the extent restricted stock units are earned, such restricted stock units will vest on the basis of service as follows: (a)33% and 66.6% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the first anniversary of the grant date; (b)33% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the second anniversary of the grant date; and (c)34% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.
Schedule of stock-based compensation expense | For the three and six months ended June 30, 2025 and 2024, the Company’s stock-based compensation expense related to restricted stock units and restricted shares of common stock were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Restricted stock units |  | 243 |  |  | 86 |  |  | 629 |  |  | 464 |
Restricted stock units-cash settled liabilities |  | — |  |  | 101 |  |  | — |  |  | 101 |
Total |  | $ | 243 |  |  | $ | 187 |  |  | $ | 629 |  |  | $ | 565 |
Changes in restricted stock units and shares | Changes in the Company’s restricted stock units for the six months ended June 30, 2025 and 2024 were as follows:
| Six Months Ended June 30, 2025 |  |  |  |
| Performance-based |  | Time-based/Director |  | Total |  |
| Number of Shares of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value |  | Number of Shares of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value |  | Number of Shares of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value |  |  |  |
Unvested restricted stock units at January 1, 2025 | 55,591 |  |  | $ | 17.58 |  |  | 128,474 |  |  | $ | 14.96 |  |  | 184,065 |  |  | $ | 15.75 |  |  |  |  |
Granted | 48,688 |  |  | $ | 13.15 |  |  | 7,868 |  |  | $ | 10.04 |  |  | 56,556 |  |  | $ | 12.72 |  |  |  |  |
Vested | (7,280) |  |  | $ | 35.57 |  |  | (11,522) |  |  | $ | 12.46 |  |  | (18,802) |  |  | $ | 21.41 |  |  |  |  |
Forfeited | (48,311) |  |  | $ | 14.87 |  |  | (3,264) |  |  | $ | 20.97 |  |  | (51,575) |  |  | $ | 15.26 |  |  |  |  |
Unvested restricted stock units at June 30, 2025 | 48,688 |  |  | $ | 13.15 |  |  | 121,556 |  |  | $ | 14.72 |  |  | 170,244 |  |  | $ | 14.27 |  |  |  |  |
(a) The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date.
| Six Months Ended June 30, 2024 |  |  |  |
| Performance-based |  | Time-based/Director |  | Total |  |
| Number of Shares of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value |  | Number of Shares of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value |  | Number of Shares of Restricted Stock Units |  | Weighted Average Grant-Date Fair Value |  |  |  |
Unvested restricted stock units at January 1, 2024 | 95,264 |  |  | $ | 23.49 |  |  | 80,422 |  |  | $ | 16.50 |  |  | 175,686 |  |  | $ | 20.29 |  |  |  |  |
Granted | 47,647 |  |  | $ | 14.51 |  |  | 17,212 |  |  | $ | 16.07 |  |  | 64,859 |  |  | $ | 14.93 |  |  |  |  |
Vested | (56,263) |  |  | $ | 21.69 |  |  | (10,835) |  |  | $ | 18.49 |  |  | (67,098) |  |  | $ | 21.17 |  |  |  |  |
Forfeited | (28,841) |  |  | $ | 22.27 |  |  | (340) |  |  | $ | 17.72 |  |  | (29,181) |  |  | $ | 22.22 |  |  |  |  |
Unvested restricted stock units at June 30, 2024 | 57,807 |  |  | $ | 18.45 |  |  | 86,459 |  |  | $ | 16.16 |  |  | 144,266 |  |  | $ | 17.08 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration