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

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Weighted

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Average

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Weighted

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Remaining

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Number

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Average

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Contractual

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Aggregate

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of Stock

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Exercise

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Term

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Intrinsic

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Options

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Price

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(in years)

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Value

Options outstanding at January 1, 2025

 

2,785,689

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$

4.01

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Granted

 

121,963

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4.30

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Exercised

 

(336,979)

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1.49

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Canceled/Forfeited

 

(35,000)

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7.25

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Expired

 

(130,000)

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7.90

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Options outstanding at December 31, 2025

 

2,405,673

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$

4.13

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4.40

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$

785,868

Options exercisable at December 31, 2025

 

2,128,242

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$

3.94

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3.90

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$

785,868

Schedule of restricted stock

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Weighted

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Average

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Grant Date

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Number of Shares

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Fair Value

Unvested and outstanding at January 1, 2025

606,274

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$

5.57

Granted

713,484

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3.62

Vested

(145,840)

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5.14

Canceled/Forfeited(1)

(166,729)

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6.26

Unvested and outstanding at December 31, 2025

1,007,189

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$

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

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(In thousands)

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Year Ended

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December 31, 

Compensation Expense within Selling, General and Administrative Expenses

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2025

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2024

Stock options

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$

781

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$

1,326

Restricted and performance-based shares(1)

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955

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1,547

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$

1,736

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$

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

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Year Ended December 31, 

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2025

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2024

Expected volatility

 

71.67

%  

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71.70

%

Expected dividend yield

 

—

%  

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—

%

Expected term (in years)

 

6.00

 

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6.00

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Weighted average risk-free rate

 

4.36

%  

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3.94

%

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

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Year Ended December 31, 

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2025

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2024

Weighted average grant date fair value

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$

2.87

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$

3.42

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