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Stock-Based Compensation
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
    The Company has stock incentive plans for executives, directors and eligible employees. Stock awards include performance shares, restricted stock and stock options. Stock-based compensation expense in the three and six months ended June 30, 2023 was $2.7 million and $5.8 million, respectively, compared to $2.3 million and $4.6 million in the three and six months ended June 31, 2022. At June 30, 2023, there was $12.4 million of unrecognized stock-based compensation cost which is expected to be recognized over a weighted-average remaining vesting period of 1.8 years.
    The following table summarizes the grants awarded during the six months ended June 30, 2023:
Grant dateRestricted
stock
Grant date fair
value of
restricted stock
Performance
shares
Grant date fair
value of
performance
shares
February 27, 20232,596,856 $3.00 1,738,581 $3.14 
June 19, 202357,804 $3.11 46,340 $3.14