Stock-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Components of Stock Compensation Expense

The components of stock-based compensation expense were as follows:

	Three months ended March 31,
	2024		2023
	(in thousands)
2023 Incentive Stock Plan	$	3,799	$	2,890
Employee Stock Purchase Plan	14		47
Total Stock Compensation Expense	$	3,813	$	2,937

Schedule of Restricted Stock Activity

The following table summarizes the restricted stock activity during the three months ended March 31, 2024:

	Shares
Balance of unvested shares as of December 31, 2023	465,856
Shares granted	5,000
Shares forfeited	(916)
Shares vested	—
Balance of unvested shares as of March 31, 2024	469,940