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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation expense

Three months ended March 31, 

    

2025

    

2024

Restricted stock awards

$

733

$

291

Performance stock units

 

307

 

67

Employee share purchase plan

83

 

Total share-based compensation expense

$

1,123

$

358

Schedule of restricted stock activity

Restricted stock awards

Performance stock units

    

    

Weighted

 

    

Weighted

Number

Average

 

Number

Average

of

Fair Value

 

of

Fair Value

Shares

Per Share

 

Shares

Per Share

Nonvested at December 31, 2024

 

1,008,232

$

6.56

534,231

$

3.65

Granted

 

205,963

$

5.94

293,073

$

7.17

Vested

 

(106,475)

$

5.46

$

Forfeited shares

 

(10,960)

$

8.56

$

Nonvested at March 31, 2025

 

1,096,760

$

6.53

827,304

(1)

$

4.89

Schedule of performance share unit activity

Restricted stock awards

Performance stock units

    

    

Weighted

 

    

Weighted

Number

Average

 

Number

Average

of

Fair Value

 

of

Fair Value

Shares

Per Share

 

Shares

Per Share

Nonvested at December 31, 2024

 

1,008,232

$

6.56

534,231

$

3.65

Granted

 

205,963

$

5.94

293,073

$

7.17

Vested

 

(106,475)

$

5.46

$

Forfeited shares

 

(10,960)

$

8.56

$

Nonvested at March 31, 2025

 

1,096,760

$

6.53

827,304

(1)

$

4.89

(1)A maximum of 1.6 million common shares could be awarded based upon the Company’s achievement of set performance-metrics.
Schedule of performance share unit valuation assumptions related to relative total shareholder return objective

2025

Grant-date fair value

$

5.89

Risk-free interest rate

 

3.86

%

Volatility factor

 

65.52

%

Contractual term (years)

 

2.78

Schedule of unrecognized compensation cost

The following table presents a summary of the unrecognized compensation cost, and the related weighted average recognition period associated with unvested awards and units as of March 31, 2025:

Restricted stock awards

Performance stock units

Unrecognized compensation cost

$

5,486

$

3,772

Weighted average period for recognition (years)

 

2.15

 

2.24