Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Compensation Expense

The following table summarizes the stock-based compensation expense recognized under all of the Company’s stock plans for the three and six months ended June 30, 2024 and 2023, and associated with the issuance of restricted shares of common stock and vesting of stock options that are included in general and administrative expenses in the accompanying condensed consolidated statements of income (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Stock options	$	349	$	422	$	698	$	988
Restricted stock		6,963		3,791		12,362		6,670
ESPP		78		—		78		—
Total stock-based compensation expense	$	7,390	$	4,213	$	13,138	$	7,658

Schedule of Stock Option Transactions Under Stock Option Plans

The Company’s outstanding stock options consisted of the following:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value (in millions)
Options outstanding at January 1, 2024		504,241		$	34.03		2.1	$	4.7
Options granted		—			—		—		—
Options exercised		—			—		—		—
Options forfeited		(7,271	)		50.56		—		—
Options outstanding at June 30, 2024		496,970		$	33.79		1.36	$	7.9
Options exercisable at June 30, 2024		459,140		$	28.04		1.18	$	7.9