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Stock-Based Compensation Plans (Tables)
 3 Months Ended
Mar. 31, 2025
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,
20252024
(in thousands)
2023 Incentive Stock Plan$6,858 $3,799 
Employee Stock Purchase Plan49 14 
Total Stock Compensation Expense$6,907 $3,813 
Schedule of Restricted Stock Activity
The following table summarizes the restricted stock activity during the three months ended March 31, 2025:
Shares
Balance of unvested shares as of December 31, 2024569,425 
Shares granted198,613 
Shares forfeited— 
Shares vested(1,250)
Balance of unvested shares as of March 31, 2025766,788