| Share-based Payment Arrangement, Expensed and Capitalized, Amount |
Share-based compensation expense recorded for each type of award and the related income tax benefits were as follows: | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | | 2024 | | 2023 | | 2022 | | | (in thousands) | | Time-based restricted stock units | | $ | 7,771 | | | $ | 8,010 | | | $ | 5,458 | | Performance-based restricted stock units | | 461 | | | 965 | | | (727) | | | Stock options | | 445 | | | 517 | | | 718 | | | Total share-based compensation expense | | $ | 8,677 | | | $ | 9,492 | | | $ | 5,449 | | | Income tax benefit related to share-based compensation | | $ | 743 | | | $ | 253 | | | $ | 54 | |
The following table reflects future compensation expense to be recorded for share-based compensation awards that were outstanding as of December 31, 2024: | | | | | | | | | | | | | | | | | Unrecognized Expense | | Weighted Average Amortization Period (Years) | | | (in thousands) | | | | Time-based restricted stock units | | $ | 14,786 | | | 2.54 | | Performance-based restricted stock units | | 1,736 | | | 1.81 | | | | | | | Total unrecognized stock-based compensation expense | | $ | 16,522 | | | 2.46 |
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| Share-based Payment Arrangement, Activity |
The following table summarizes the RSU activity for the year end December 31, 2024: | | | | | | | | | | | | | | | | | Time-Based
Restricted Stock Units | | | Number of Awards | | Weighted Average Fair Value at Grant Date | | Outstanding as of December 31, 2023 | | 2,820,534 | | | $ | 8.77 | | | Granted | | 1,796,721 | | | 5.87 | | | Vested | | (729,175) | | | 10.10 | | | | | | | | Forfeited | | (1,089,141) | | | 7.09 | | | Outstanding as of December 31, 2024 | | 2,798,939 | | | $ | 7.22 | |
The following table summarizes the PSU activity for the year ended December 31, 2024: | | | | | | | | | | | | | | | | | Performance-Based
Restricted Stock Units | | | Number of Awards | | Weighted Average Fair Value at Grant Date | | Outstanding as of December 31, 2023 | | 441,390 | | | $ | 17.90 | | | Granted | | 599,081 | | | 5.48 | | | Vested | | (24,427) | | | 33.44 | | | Forfeited | | (318,806) | | | 15.86 | | | Outstanding as of December 31, 2024 | | 697,238 | | | $ | 7.62 | |
| | | | | | | | | | | | | | | | | | | | | | | Stock Options | | | Number of Awards | | Weighted Average Exercise Price | | Weighted Average Contractual Term (Years) | | Outstanding as of December 31, 2023 | | 140,049 | | | $ | 33.56 | | | 6.81 | | | | | | | | | | | | | | | | Expired | | (13,810) | | | 33.56 | | | | | Forfeited | | (3,274) | | | 33.56 | | | | | Outstanding as of December 31, 2024 | | 122,965 | | | $ | 33.56 | | | 6.00 | | Vested and expected to vest at December 31, 2024 | | 122,965 | | | $ | 33.56 | | | 6.00 | | Exercisable at December 31, 2024 | | 122,965 | | | $ | 33.56 | | | 6.00 |
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