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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Total compensation Expense

Stock-based compensation expense is recognized in selling, general and administrative expenses in the condensed consolidated statement of income (loss). Total compensation expense for the three and nine months ended September 30, 2024 and 2023 is as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,
2024

 

 

September 30,
2023

 

 

September 30,
2024

 

 

September 30,
2023

 

Stock compensation expense

 

$

2,011

 

 

$

1,355

 

 

$

6,098

 

 

$

4,359

 

Summary of RSU and PSU Activity

RSU and PSU activity for the nine months ended September 30, 2024 is summarized in the following table:

 

 

 

Equity Incentive Awards

 

 

 

Restricted
Stock Units

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Performance
Shares

 

 

Weighted
Average
Grant Date
Fair Value

 

Balance at January 1, 2024

 

 

1,001,634

 

 

$

4.39

 

 

 

2,192,759

 

 

$

5.24

 

Granted

 

 

621,524

 

 

 

3.26

 

 

 

762,584

 

 

 

3.82

 

Settled

 

 

(574,185

)

 

 

4.49

 

 

 

(605,150

)

 

 

5.80

 

Balance at September 30, 2024

 

 

1,048,973

 

 

$

3.66

 

 

 

2,350,193

 

 

$

4.63

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards estimated to vest in the future

 

 

1,048,973

 

 

$

3.66

 

 

 

2,350,193

 

 

$

4.63