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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Payment Award, Options Granted, Assumptions and Weighted Average Fair Value | There were no options granted during the year ended December 31, 2021.
| December 31,
| 2023 |  | 2022 |  |
Weighted Average Fair Value of Grants | $ | 7.06 |  |  | $ | 10.60 |  |  |
Risk-free Interest Rate | 3.24 | % |  | 3.02 | % |  |
Expected Dividend Yield | — | % |  | — | % |  |
Expected Forfeiture Rate | — | % |  | — | % |  |
Expected Volatility | 48.70 | % |  | 54.00 | % |  |
Expected Term in Years | 5.50 |  | 5.5 |  |
Share-based Compensation, Stock and Performance Options Rollforward | A summary of the status of stock options granted is presented below:
|  |  |  |  |  | Weighted |  |
|  |  |  |  |  | Average |  |
|  |  |  | Weighted |  | Remaining |  | Aggregate
|  |  |  | Average |  | Contractual |  | Intrinsic
|  |  |  | Exercise |  | Term (in |  | Value (in
|  | Shares |  | Price |  | years) |  | thousands)
Outstanding at December 31, 2022 |  | 2,262,845 |  |  | $ | 8.55 |  |  |  |  |
Granted |  | 16,289 |  |  | $ | 14.63 |  |  |  |  |
Exercised |  | (193,264) |  |  | $ | 9.10 |  |  |  |  |
Outstanding at December 31, 2023 |  | 2,085,870 |  |  | $ | 8.55 |  |  | 2.72 |  | $ | 23,890 |
Exercisable at December 31, 2023 |  | 2,069,581 |  |  | $ | 8.50 |  |  | 2.67 |  | $ | 23,802 |
Schedule of Nonvested Restricted Stock Units Activity | The following table represents the nonvested restricted stock units and their corresponding fair value (based upon the closing share price) at the date of grant:
|  | Number of |  | Weighted Average
|  | Shares |  | Grant Date Fair Value
Nonvested at December 31, 2022 |  | 1,833,920 |  |  | $12.69
Granted |  | 999,465 |  |  | $16.20
Vested |  | (1,031,200) |  |  | $11.95
Forfeited |  | (205,645) |  |  | $14.51
Nonvested at December 31, 2023 |  | 1,596,540 |  |  | $15.14
Schedule of Nonvested Performance-based Units Activity | The following table represents the nonvested performance share units and their corresponding fair value (based upon the Monte Carlo Methodology for market-based awards and the stock price on the date of grant for performance based awards) on the date of grant:
|  | Number of |  | Weighted Average
|  | Shares |  | Grant Date Fair Value
Nonvested at December 31, 2022 |  | 2,293,678 |  |  | $10.53
Granted |  | 1,687,329 |  |  | $10.89
Vested |  | (576,421) |  |  | $7.92
Forfeited |  | (605,868) |  |  | $12.93
Nonvested at December 31, 2023 |  | 2,798,718 |  |  | $10.77

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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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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