Quarterly report [Sections 13 or 15(d)]

Equity Compensation (Tables)

v3.26.1
Equity Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Monte Carlo Simulation Assumptions

The Monte Carlo simulation assumptions used for the period presented were as follows:

 

 

 

Six Months Ended June 30,

 

 

2026

Risk free interest rate

 

 

3.5

 

%

Annualized volatility

 

 

95.6

 

%

Dividend yield

 

 

—

 

%

Expected term (in years)

 

 

2.8

 

 
Summary of Stock-Based Compensation Expense Aggregate stock-based compensation expense recognized in the condensed consolidated statements of operations was as follows:

 

 

 

Three months ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Selling, general and administrative

 

$

1,703

 

 

$

2,666

 

 

$

3,687

 

 

$

5,947

 

Total stock-based compensation expense, before tax

 

 

1,703

 

 

 

2,666

 

 

 

3,687

 

 

 

5,947

 

Income tax benefit

 

 

145

 

 

 

123

 

 

 

269

 

 

 

232

 

Total stock-based compensation expense, after tax

 

$

1,558

 

 

$

2,543

 

 

$

3,418

 

 

$

5,715

 
Restricted Stock Units  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Units Activity The following table summarizes aggregate activity for RSUs for the six months ended June 30, 2026:

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Outstanding at December 31, 2025

 

 

2,037

 

 

$

9.5

 

Issued

 

 

2,690

 

 

$

5.4

 

Vested

 

 

(488

)

 

$

12.3

 

Forfeited, expired, or canceled

 

 

(890

)

 

$

8.3

 

Outstanding at June 30, 2026

 

 

3,349

 

 

$

6.1

 
Performance Based Restricted Stock Units  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Units Activity The following table summarizes aggregate activity for PSUs for the six months ended June 30, 2026:

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Outstanding at December 31, 2025

 

 

324

 

 

$

8.1

 

Issued

 

 

712

 

 

$

5.5

 

Vested

 

 

(85

)

 

$

10.0

 

Forfeited, expired, or canceled

 

 

(109

)

 

$

5.4

 

Outstanding at June 30, 2026

 

 

842

 

 

$

6.1