XML 28 R16.htm IDEA: XBRL DOCUMENT v3.23.3
Stock-Based Compensation
 9 Months Ended
Sep. 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 nine months ended September 30, 2023 was $2.6 million and $8.5 million, respectively, compared to $2.5 million and $7.1 million in the three and nine months ended September 31, 2022. At September 30, 2023, there was $10.5 million of unrecognized stock-based compensation cost which is expected to be recognized over a weighted-average remaining vesting period of 1.6 years.
    The following table summarizes the grants awarded during the nine months ended September 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 
August 18, 2023436,422 $2.53 5,308 $3.14