STOCK BASED AND DEFERRED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Compensation Expense and Stock Award Activity

Below is a summary of stock-based compensation expense and stock award activity (dollars in thousands):

	Three Months Ended March 31,
	2025		2024
Stock-based compensation expense	$	6,325	$	6,114
Non-vested shares granted	320,213		281,330
Performance-based non-vested shares granted	82,907		75,396
Performance-based shares issued in excess of target shares granted (1)	20,556		31,956
Restricted stock awards vested (includes performance-based awards)	493,050		480,836

(1)Performance-based shares that vested and were issued as a result of performance achievement exceeding the originally established targeted number of shares related to respective performance metrics.

Summary of Additional Information Regarding Stock Plan

The following table includes additional information regarding our stock compensation plan (dollars in thousands):

	As of
	March 31, 2025		December 31, 2024
Unrecognized stock-based compensation cost	$	47,863	$	30,666
Weighted average years expense recognition period	2.29		1.95
Total equity awards outstanding (1)	1,154,047		1,256,932

(1)Includes unvested restricted stock units and performance-based awards (assuming 100%/target payout).