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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 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 June 30,Six months ended June 30,
2025202420252024
(in thousands)
2023 Incentive Stock Plan$16,711 $4,139 $23,568 $7,938 
Employee Stock Purchase Plan40 10 90 24 
Total Stock Compensation Expense$16,751 $4,149 $23,658 $7,962 
Schedule of Restricted Stock Activity
The following table summarizes the restricted stock activity during the six months ended June 30, 2025:
Shares
Balance of unvested shares as of December 31, 2024569,425 
Shares granted603,509 
Shares forfeited(9,653)
Shares vested(326,549)
Balance of unvested shares as of June 30, 2025836,732