XML 51 R40.htm IDEA: XBRL DOCUMENT v3.25.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Compensation [Abstract]  
Schedule of Restricted Stock Outstanding

A summary of the Company’s outstanding and unearned RSUs is presented below:

 

   RSUs   Weighted-Average
Grant-Date
Fair Value
Per Share
 
Units outstanding and unearned at January 1, 2024   146,580   $15.37 
RSUs granted during 2024   119,398    14.67 
RSUs earned during 2024   (69,420)   14.82 
Forfeitures (1)   (92,160)   15.18 
Units outstanding and unearned at December 31, 2024   104,398    15.11 
           
RSUs granted during 2025   127,254    14.26 
RSUs earned during 2025   (27,513)   14.77 
Units outstanding and unearned at March 31, 2025   204,139    14.62 

 

(1) Represents RSU forfeitures primarily related to the execution of the separation agreement with the former Chief Executive Officer and former Senior Vice President of Operations.

Schedule of RSU Activity

The following table shows the impact of RSU activity to the Company’s financial results:

 

   Three Months Ended March 31, 
   2025   2024 
RSU compensation expense  $463   $396 
Income tax benefit   (105)   (90)
RSU compensation expense, net of income taxes  $358   $306 
Schedule of Performance Stock Outstanding

A summary of the Company’s outstanding PSUs is presented below:

 

   PSUs   Weighted-Average
Grant-Date
Fair Value
Per Share
 
Units outstanding at January 1, 2024   213,800   $16.53 
PSUs granted during 2024 (at target)   79,800    14.19 
PSUs earned during 2024   
    
 
Performance adjustment (1)   (147,173)   16.14 
Forfeitures (2)   (120,100)   15.23 
Units outstanding at December 31, 2024   26,327    17.50 
           
PSUs granted during 2025 (at target)   
    
 
PSUs earned during 2025   
    
 
Performance adjustment (1)   
    
 
Forfeitures   (2,173)   14.19 
Units outstanding at March 31, 2025   24,154    17.79 

 

(1) Represents the change in PSUs issued based upon the attainment of performance goals established by the Company.

(2) Represents PSU forfeitures primarily related to the execution of the separation agreements with the former Chief Executive Officer and former Senior Vice President of Operations.

Schedule of PSU Activity

The following table shows the impact of PSU activity to the Company’s financial results:

 

   Three Months Ended March 31, 
   2025   2024 
PSU compensation expense  $17   $185 
Income tax benefit   (4)   (42)
PSU compensation expense, net of income taxes  $13   $143