Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK-BASED COMPENSATION (Tables)

v3.26.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
STOCK-BASED COMPENSATION  
Schedule of Common stock options

Weighted

  ​ ​ ​

Average

  ​ ​ ​

  ​ ​ ​

Weighted

Remaining

Number

Average

Contractual

Aggregate

of Stock

Exercise

Term

Intrinsic

Options

Price

(in years)

Value

Options outstanding at January 1, 2025

 

2,785,689

$

4.01

Granted

 

121,963

4.30

Exercised

 

(336,979)

1.49

Canceled/Forfeited

 

(35,000)

7.25

Expired

 

(130,000)

7.90

Options outstanding at December 31, 2025

 

2,405,673

$

4.13

4.40

$

785,868

Options exercisable at December 31, 2025

 

2,128,242

$

3.94

3.90

$

785,868

Schedule of restricted stock

Weighted

Average

Grant Date

Number of Shares

Fair Value

Unvested and outstanding at January 1, 2025

606,274

$

5.57

Granted

713,484

3.62

Vested

(145,840)

5.14

Canceled/Forfeited(1)

(166,729)

6.26

Unvested and outstanding at December 31, 2025

1,007,189

$

4.14

__________

(1) Includes the cancelation of 142,555 performance-based shares in 2025 that resulted in the reversal of $0.8 million.
Schedule of compensation expense

(In thousands)

Year Ended

December 31, 

Compensation Expense within Selling, General and Administrative Expenses

2025

2024

Stock options

$

781

$

1,326

Restricted and performance-based shares(1)

 

955

 

1,547

$

1,736

$

2,873

__________

(1) Includes $0.8 million reversal in 2025 related to costs of canceled performance-based shares from 2024.
Schedule of share-based payment award, stock options, valuation assumptions

Year Ended December 31, 

  ​ ​ ​

2025

2024

Expected volatility

 

71.67

%  

71.70

%

Expected dividend yield

 

%  

%

Expected term (in years)

 

6.00

 

6.00

Weighted average risk-free rate

 

4.36

%  

3.94

%

Schedule of weighted-average grant date fair value of options granted

Year Ended December 31, 

2025

2024

Weighted average grant date fair value

$

2.87

$

3.42