v3.25.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock Options, Valuation Assumptions The weighted average assumptions used in our Black-Scholes option pricing model for options granted in 2023 were as follows:
2023
Dividend yield
0.71% - 0.83%
Expected volatility58.16 %
Risk-free interest rate
3.60% - 4.10%
Expected term in years6.0 years
Stock Options, Activity
The following table summarizes activity related to stock options during 2025:
Number
of Options
Weighted-
Average
Exercise
Price Per Share
Aggregate Intrinsic Value (thousands)Weighted Average Remaining Term (Years)
Outstanding at December 31, 2024
199,284 $113.41 
Granted— — 
Exercised — — 
Forfeited or expired(32,134)89.14 
Outstanding at December 31, 2025
167,150 $118.08 $— 4.3 years
Vested and Expected to vest as of December 31, 2025
167,150 $118.08 $— 4.3 years
Exercisable at December 31, 2025
154,627 $121.32 $— 4.1 years
A summary of the status and changes of unvested stock options and the related average price per share follows:
Number
of Options
Weighted-
Average
Grant Date Fair Value
Outstanding unvested as of December 31, 2024
38,132 $41.23 
    Granted— — 
    Vested(13,303)38.59 
    Forfeited(12,306)42.46 
Outstanding unvested as of December 31, 2025
12,523 $42.82 
Schedule of Nonvested Restricted Stock Units Activity A summary of the status and changes of unvested but outstanding shares subject to RSU awards for employees and the related average price per share follows:
Number
of Shares
Weighted-
Average
Grant Date
Fair Value
Outstanding unvested as of December 31, 2024
359,915 $26.10 
    Granted368,058 11.90 
    Cancelled(132,597)22.00 
    Vested(111,065)26.92 
Outstanding unvested as of December 31, 2025
484,311 $16.24 
Share-Based Payment Arrangement, Restricted Stock Unit, Activity The following table summarizes RSU and DRSU activity during 2025 for our non-employee directors:
Number
of Shares
Weighted-
Average
Grant Date
Fair Value
Outstanding as of December 31, 2024
38,948 $24.19 
Granted95,338 7.13 
Vested and delivered(1,107)50.00 
Outstanding vested and deferred as of December 31, 2025
133,179 $11.76 
Schedule of Nonvested Performance-Based Units Activity The following table summarizes the activity related to PSUs during 2025:
Number
of Shares
Weighted-
Average
Grant Date
Fair Value
Outstanding as of December 31, 2024
175,794 $21.75 
Granted170,241 6.10 
Vested— — 
Forfeited(85,454)18.79 
Outstanding as of December 31, 2025
260,581 $12.49 
Schedule of Deferred Share Units The following table summarizes DSU activity during 2025:
Number
of Shares
Weighted-
Average
Grant Date
Fair Value
Outstanding as of December 31, 2024
53,151 $39.51 
Granted49,564 11.14 
Distributed(3,347)15.84 
Outstanding vested and deferred as of December 31, 2025
99,368 $26.16