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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity for Nonqualified Stock Options
The following table presents activity for nonqualified stock options for the year ended December 31, 2025:
Number
of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Outstanding as of December 31, 202479,761 $25.30 
Exercised(29,894)25.00 
Forfeited or expired(32,123)24.77 
Outstanding as of December 31, 202517,744 26.77 0.69 years
(1)
Options fully vested/exercisable as of December 31, 202517,744 26.77 0.69 years
(1)
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(1)Nonqualified stock options outstanding at the end of the period and those fully vested/exercisable had immaterial aggregate intrinsic values.
Schedule of Activity for the Time Vesting Units and the Financial Performance Units
The following table presents the activity for the Time Vesting Units and the Financial Performance Units during the year ended December 31, 2025:
Time
Vesting
Units
Financial
Performance
Units
Outstanding as of December 31, 2024215,343 159,704 
Granted80,260 131,462 
Vested(71,555)(65,377)
Forfeited (27,320)(52,332)
Outstanding as of December 31, 2025196,728 173,456 
Schedule of Financial Performance Units Activity
The following table presents the Company’s existing Financial Performance Units as of December 31, 2025 (dollars in thousands, except share amounts):
Grant PeriodThreshold AccrualMaximum
Issuable Shares at
Current Threshold
Unrecognized Compensation Expense
Weighted-Average Life(1)
Financial Metric End DateVesting Requirement End Date
May 3, 2021 through August 11, 202155 14,187— 0.0 yearsDecember 31, 2023December 31, 2025
On May 1, 2024113 39,827434 3.0 yearsDecember 31, 2026December 31, 2028
On March 17, 2025200 20,886183 2.0 yearsDecember 31, 2027December 31, 2027
On May 1, 2025100 42,299757 4.0 yearsDecember 31, 2027December 31, 2029
On June 4, 2025100 66,7001,114 2.5 yearsDecember 31, 2025, 2026 & 2027December 31, 2025, 2026, 2027 & June 4, 2030
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(1)Represents the expected unrecognized stock-based compensation expense recognition period.
The following table presents the Company’s Financial Performance Units activity for the years noted December 31 (dollars in thousands):
Units GrantedCompensation Expense Recognized
Grant Period2025202420252024
May 1, 2020 through December 31, 2020, excluding November 18, 2020$— $15 
On November 18, 202031 29 
May 3, 2021 through August 11, 202153 (48)
On August 4, 2022(1)
— (80)
On May 1, 20247,74542,805145 96 
On March 17, 202510,44373 — 
On May 1, 202546,574126 — 
On June 4, 202566,700276 — 
_____________________________
(1)Performance period ended December 31, 2024 and performance threshold was not met and, therefore, no compensation expense was recognized for the years ended ended December 31, 2025.