v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense, Net of Forfeitures For the three months ended March 31, 2026, and 2025, stock-based compensation expense, net of forfeitures, was recorded as follows ($ in thousands):
Three Months Ended March 31,
20262025
Equity-classified awards:
Restricted stock$1,075 $1,130 
Market-based RSUs3,357 3,459 
Performance-based RSUs1,127 987 
Director grants409 391 
Employee Stock Purchase Plan50 27 
Total equity-classified award expense, net of forfeitures$6,018 $5,994 
Schedule of Equity Classified Award Activity
The following table summarizes the grants of equity-classified awards made to employees by the Company during the three months ended March 31, 2026, and 2025, respectively, (in thousands):
Shares and Targeted Units Granted in
20262025
Market-based RSUs264 178 
Performance-based RSUs113 76 
Restricted stock262 177 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The Monte Carlo valuation used to determine the grant date fair value of the equity-classified Market-based RSUs included the following assumptions for those RSUs granted during three months ended March 31, 2026, and 2025:
Assumptions for RSUs Granted in
2026
2025
Volatility(1)29.7 %31.3 %
Risk-free rate(2)3.43 %4.26 %
Stock beta(3)0.83 %0.88 %
(1) Based on historical volatility over three years using daily stock price.
(2) Reflects the yield on three-year Treasury bonds.
(3) Betas are calculated with up to three years of daily stock price data.