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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense, Net of Forfeitures
For 2025, 2024, and 2023, stock-based compensation expenses, net of forfeitures, were recorded as follows ($ in thousands):
202520242023
Equity-classified awards:
Restricted stock$4,620 $4,130 $3,645 
Market-based RSUs7,6216,8855,042
Performance-based RSUs2,4492,0771,463
Director grants1,6681,5871,601
Employee Stock Purchase Plan118109150
16,47614,78811,901
Liability-classified awards
Service-based RSUs — 61 
Total stock-based compensation expense$16,476 $14,788 $11,962 
Schedule of Equity and Liability Classified Award Activity
The following table summarizes equity-classified employee stock compensation award activity for the years ended December 31, 2025, 2024, and 2023 (shares in thousands):
202520242023
Restricted Stock and RSUsWeighted Average Fair Market Value at GrantRestricted Stock and RSUsWeighted Average Fair Market Value at GrantRestricted Stock and RSUsWeighted Average Fair Market Value at Grant
Restricted stock and RSUs unvested at target - beginning of the year862 $29.51629 $34.16463 $39.91
Granted435 $36.74498 $28.73399 $29.31
Vested(382)$26.72(252)$39.47(225)$37.28
Forfeited(9)$30.24(13)$31.41(8)$37.60
Restricted stock and RSUs unvested at target - end of year (1)906 $32.79862 $29.51629 $34.16
(1) The target number of non-vested stock-settled RSUs and Restricted Stock at December 31, 2025 is 545,578 and 360,541, respectively.
Schedule of Valuation Assumptions
The Monte Carlo valuation used to determine the grant date fair value of the stock-settled Market-based RSUs included the following assumptions for those RSUs granted in 2025, 2024, and 2023:
202520242023
Volatility(1)31.3 %30.5 %40.5 %
Risk-free rate(2)4.26 %4.43 %4.35 %
Stock beta(3)0.88 %0.96 %1.03 %
(1) Based on historical volatility over three years using daily stock price.
(2) Reflects the yield on three-year Treasury bonds.
(3) Betas are calculated with up to three years of daily stock price data.