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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense and Related Income Tax Benefit
Income tax (benefit) expense was as follows:
(in thousands)For the Year Ended December 31,
20252024
Current tax expense
Federal$2,510 $443 
State1,757 389 
Total current tax expense $4,267 $832 
Deferred tax (benefit) expense
Federal$(4,949)$229 
State(9,941)(139)
Total deferred tax (benefit) expense(14,890)90 
Total tax (benefit) expense$(10,623)$922 
The following table represents stock-based compensation expense and the related income tax benefits:
(in thousands)For the Year Ended December 31,
20252024
Stock-based compensation expense$427 $89 
Income tax benefit$— $— 
Schedule of Assumptions Used for Determining Fair Value of SARs The assumptions used for determining the fair value of the SARs included the following:
For the Year Ended December 31,
20252024
Market closing price of the Common Stock$57.14 $29.75 
Exercise price
$2.99 - $65.76
$2.99 
Range of risk-free interest rates3.7 %4.4 %
Weighted-average volatility92.1 %91.7 %
Range of volatilities
92.1% - 92.4%
88.8% - 91.7%
Expected term5.00 years5.00 years
Dividend yield— %— %
Weighted-average grant date fair value
$40.23 - $55.13
$28.00 
Schedule of SAR Activity
SAR activity for awards classified in equity consisted of the following:
Number of Shares under SARsSharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (years)Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2023125,862 6.13 6.14$3 
Granted— — — 
Exercised(50,567)5.00 — 
Forfeited— — — 
Expired— — — 
Outstanding at December 31, 202475,295 6.88 4.242 
Granted700 65.76 — 
Other1,500 — — 
Exercised(46,575)7.51 3 
Forfeited— — — 
Expired(750)11.25 — 
Outstanding at December 31, 202530,170 7.39 4.24$2 
Exercisable at December 31, 202460,295 $8.10 3.381 
Exercisable at December 31, 202521,970 $7.37 3.381 
Schedule of Restricted Stock Activity
Restricted stock activity consisted of the following:
SharesWeighted-Average Grant Date Fair Value
Balance as of December 31, 202315,400 $3.91 
Granted
15,000 23.44 
Forfeited
— — 
Vested
(15,400)3.91 
Balance as of December 31, 202415,000 $23.44 
Granted
15,000 65.76 
Forfeited
— — 
Vested
(15,000)23.44 
Balance as of December 31, 202515,000 $65.76