XML 32 R21.htm IDEA: XBRL DOCUMENT v3.25.2
Stock-Based Compensation
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
The following table sets forth share-based award expense activity for the three and six months ended June 30, 2025 and 2024, which is included as a component of selling, general and administrative expenses and expenses in the homebuilding and financial services sections, respectively, of our consolidated statements of operations and comprehensive income:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(Dollars in thousands)
Stock option grants expense$— $— $— $— 
Restricted stock awards expense— 281 — 1,319 
Performance share units expense— — — — 
Total stock-based compensation$— $281 $— $1,319 
As of June 30, 2025, there are no awards outstanding.
Additional detail on the performance share units ("PSUs") expense is included below:
2023 PSU Grants. For the quarter to date and year to date period through April 19, 2024, the Company concluded that achievement of any of the performance metrics had not met the level of probability required to record compensation expense and as such, no expense related to these awards was recognized. As a part of the Merger, all PSUs, whether vested or unvested, outstanding as of immediately prior to the closing of the Merger were fully vested, cancelled and automatically converted into the right to receive an amount in cash. As such, no share-based compensation expense related to these awards was recognized.