Stock-based Compensation

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

5.STOCK-BASED COMPENSATION

Compensation expense recorded for all stock options, performance shares, time-based restricted stock units (RSUs) and stock appreciation rights (SARs) was as follows:

(In thousands)
Three Months Ended June 30,				Six Months Ended June 30,
2025		2024		2025		2024
$	1,682	$	1,558	$	3,064	$	2,930

Unrecognized compensation costs for stock options, performance shares, RSUs and SARs were as follows:

(In thousands)	June 30, 2025		December 31, 2024
Stock options	$	112	$	119
Performance shares and RSUs		9,130		4,645
SARs		3,456		2,438

The change in unrecognized compensation costs for stock options, performance shares, RSUs and SARs is due to new grants issued in 2025.

The Company granted the following awards in the first six months of 2025:

	Shares
Stock options		1,887
Performance shares (at target) and RSUs		130,394
SARs		114,162

The unrecognized compensation costs at June 30, 2025, are expected to be recognized over weighted-average periods of 1.8 years for stock options, 2.3 years for performance shares and RSUs and 2.1 years for SARs.