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Stock-Based Compensation and Other Benefit Plans (Tables) | 3 Months Ended
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Mar. 31, 2022
Stock-Based Compensation and Other Benefit Plans [Abstract] |
Summary of Stock-Based Compensation |
|  | Three Months Ended March 31,
|  | 2022 |  | 2021
|  | (in thousands)
Stock-based compensation - equity awards |  | $ | 404 |  | $ | 323
Stock-based compensation - liability awards |  |  | 1,018 |  |  | 1,236
Total stock-based compensation |  | $ | 1,422 |  | $ | 1,559
Stock Option Valuation Assumptions |
| Three Months Ended March 31,
| 2022 |  | 2021 |
Weighted average exercise price - ($/share) | $ | 6.41 |  | $ | 3.14 |
Expected life in years |  | 6.0 |  |  | 6.0 |
Average expected volatility |  | 72 | % |  | 75 | %
Risk-free interest rate |  | 1.98 | % |  | 0.95 | %
Expected dividend yield |  | 2.30 | % |  | — |
Weighted average grant date fair value - ($/share) | $ | 2.84 |  | $ | 2.07 |
Stock Option Activity | Stock option activity associated with the Monte Carlo model for the three months ended March 31, 2022 is provided below:
|  | Number of Shares Underlying Options |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value
|  | (in thousands) |  |  |  |  |  | (in years) |  | (in thousands)
Outstanding at January 1, 2022 |  | 359 |  | $ | 1.96 |  |  |  |  |  |
Granted |  | 241 |  |  | 6.41 |  |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |  |
Unvested shares forfeited |  | — |  |  | — |  |  |  |  |  |
Vested shares expired |  | — |  |  | — |  |  |  |  |  |
Outstanding at March 31, 2022 |  | 600 |  | $ | 3.75 |  |  | 9.09 |  | $ | 1,670
Exercisable at March 31, 2022 |  | 120 |  | $ | 1.96 |  |  | 8.51 |  | $ | 547
Stock option activity associated with the Black-Scholes model for the three months ended March 31, 2022 is provided below:
|  | Number of Shares Underlying Options |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value
|  | (in thousands) |  |  |  |  |  | (in years) |  | (in thousands)
Outstanding at January 1, 2022 |  | 615 |  | $ | 1.58 |  |  |  |  |  |
Granted |  | — |  |  | — |  |  |  |  |  |
Exercised |  | (171) |  |  | 1.16 |  |  |  |  |  |
Unvested shares forfeited |  | — |  |  | — |  |  |  |  |  |
Vested shares expired |  | — |  |  | — |  |  |  |  |  |
Outstanding at March 31, 2022 |  | 444 |  | $ | 1.74 |  |  | 1.49 |  | $ | 2,125
Exercisable at March 31, 2022 |  | 429 |  | $ | 1.73 |  |  | 1.47 |  | $ | 2,062
Summary of Non Vested Awards |
|  | Restricted Stock |  | Weighted Average Grant Date Fair Value
|  | (in thousands) |  |  |
Non-vested shares outstanding at January 1, 2022 |  | 741 |  | $ | 2.36
Awards granted |  | 353 |  |  | 6.41
Awards vested |  | (129) |  |  | 3.07
Awards forfeited |  | (26) |  |  | 3.06
Non-vested shares outstanding at March 31, 2022 |  | 939 |  | $ | 3.77
SAR Activity |
|  | Number of Shares Underlying SARs |  | Weighted Average Exercise Price Per Share |  |  | Term |  | Aggregate Intrinsic Value
|  | (in thousands) |  |  |  |  |  | (in years) |  | (in thousands)
Outstanding at January 1, 2022 |  | 362 |  | $ | 1.81 |  |  |  |  |  |
Granted |  | — |  |  | — |  |  |  |  |  |
Exercised |  | (59) |  |  | 1.41 |  |  |  |  |  |
Unvested SARs forfeited |  | — |  |  | — |  |  |  |  |  |
Vested SARs expired |  | — |  |  | — |  |  |  |  |  |
Outstanding at March 31, 2022 |  | 303 |  | $ | 1.89 |  |  | 1.75 |  | $ | 1,402
Exercisable at March 31, 2022 |  | 237 |  | $ | 1.94 |  |  | 1.65 |  | $ | 1,086

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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