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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Cash Dividends Declared | The following table details our cash dividends declared in 2021:
|  |  |  |  |  |  |  | (Dollars in thousands)
Declaration Date |  | Record Date |  | Payment Date |  | Per Share Amount |  | Total Declared(1)
February 17, 2021 |  | March 16, 2021 |  | March 30, 2021 |  | $ | 0.125 |  |  | $ | 2,553 |
April 28, 2021 |  | May 25, 2021 |  | June 24, 2021 |  | 0.125 |  |  | 2,553 |
July 28, 2021 |  | August 17, 2021 |  | September 10, 2021 |  | 0.125 |  |  | 2,545 |
Total |  |  |  |  |  | $ | 0.375 |  |  | $ | 7,651 |
(1) The total declared reflects the cash dividends declared in relation to common stock, deferred stock units ("DSUs") and unvested RSUs.
Basic and Diluted Net Income (Loss) Per Common Shares | The components of basic and diluted net income (loss) per common share were as follows for the periods stated:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(in thousands, except for share and per share amounts) | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator: |  |  |  |  |  |  |
Net (loss) income | $ | (2,494) |  |  | $ | 3,165 |  |  | $ | (5,510) |  |  | $ | 2,384 |
Denominator: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 19,464,893 |  |  | 19,051,502 |  |  | 19,378,543 |  |  | 19,008,969 |
Diluted weighted average common shares outstanding | 19,464,893 |  |  | 19,208,452 |  |  | 19,378,543 |  |  | 19,273,243 |
Basic net (loss) income per common share | $ | (0.13) |  |  | $ | 0.17 |  |  | $ | (0.28) |  |  | $ | 0.13 |
Diluted net (loss) income per common share | $ | (0.13) |  |  | $ | 0.16 |  |  | $ | (0.28) |  |  | $ | 0.12 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | For the three and nine months ended September 30, 2021, and 2020 the following securities were excluded from the calculation of diluted shares outstanding as the effect would have been anti-dilutive:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Restricted stock units | 197,900 |  |  | — |  |  | 341,443 |  |  | — |
Activities Under Equity Plan | The following table summarizes the activities under the Equity Plans from January 1, 2021, through September 30, 2021:
| Activity
Total equity securities available at January 1, 2021 | 1,699,314 |
RSU, DSU, and restricted stock awarded to eligible employees, net of forfeitures | (508,889) |
Issuance of common stock in lieu of cash compensation | (169,944) |
Total equity securities available at September 30, 2021 | 1,020,481 |
The following table summarizes the activities under the ESPP from January 1, 2021, through September 30, 2021:
| Activity
Total ESPP equity securities available at January 1, 2021 | 149,199 |
ESPP common stock purchased by eligible employees | (16,015) |
Total ESPP securities available at September 30, 2021 | 133,184 |
Summary of Outstanding RSUs | The following table details activities with respect to outstanding RSUs, DSUs, and restricted stock under the Equity Plans for the nine months ended September 30, 2021:
| Shares |  | Weighted- Average Grant Date Fair Value
Unvested at January 1, 2021 | 636,722 |  |  | $ | 12.16 |
Granted | 644,339 |  |  | 11.02 |
Vested | (41,760) |  |  | 10.09 |
Forfeited | (135,450) |  |  | 12.14 |
Unvested at September, 30 2021 | 1,103,851 |  |  | $ | 11.58 |
Stock Based Compensation Expense | The following table reflects the items for stock-based compensation expense in the Condensed Consolidated Statements of Operations for the periods stated:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(Dollars in thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Performance-based RSUs | $ | 447 |  |  | $ | 664 |  |  | $ | 1,202 |  |  | $ | 1,524 |
Time-based RSUs, DSUs and restricted stock | 939 |  |  | 929 |  |  | 2,920 |  |  | 2,556 |
Equity in lieu of salary | 607 |  |  | — |  |  | 1,847 |  |  | — |
ESPP | 23 |  |  | 23 |  |  | 67 |  |  | 80 |
Total stock-based compensation | $ | 2,016 |  |  | $ | 1,616 |  |  | $ | 6,036 |  |  | $ | 4,160 |

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