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Compensation Related Costs, Share Based Payments | 3 Months Ended
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Sep. 30, 2020
Share-based Payment Arrangement [Abstract] |
Share-based Payment Arrangement | SHARE-BASED COMPENSATION Share-Based Award Activity During the nine months ended September 30, 2021, the Company granted stock awards (“SAs”) under its 2014 Omnibus Equity Incentive Plan to executive officers (“EOs”) and restricted stock awards (“RSAs”) to non-employee members of the Board of Directors (“BOD”). The SAs granted to the EOs were 100% vested and non-forfeitable on the grant date. Some members of the BOD also elected to defer up to 100% of their annual retainer fee in the form of RSAs. The RSAs granted to the BOD will become fully vested on the earlier of (i) the first anniversary of the date of grant of the shares of restricted common stock or (ii) the date of the Company’s 2022 Annual Meeting of Stockholders. The fair value of the SAs granted to EOs and RSAs granted to non-employee members of the BOD were recorded as share-based compensation expense on the grant date and over the vesting period, respectively. The Company withheld 41,318 shares of common stock from EOs, at a total cost of $0.8 million, to satisfy statutory minimum tax requirements upon grant of the SAs. Employee Stock Awards On March 1, 2021, the Company’s Board of Directors approved an incentive program for eligible employees to participate in the Company’s new restricted stock award plan. This plan is being offered pursuant to the Company’s 2014 Omnibus Equity Incentive Plan. The Company incurred de minimis and $0.1 million compensation expense related to these awards during the three and nine months ended September 30, 2021, respectively. A summary of share-based awards activity during the nine months ended September 30, 2021 is as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value per Share
| (in thousands) |
Nonvested, December 31, 2020 | 45 |  |  | $ | 12.33 |
Granted | 139 |  |  | $ | 22.10 |
Vested | (157) |  |  | $ | 19.09 |
Forfeited | — |  |  | $ | — |
Nonvested, September 30, 2021 | 28 |  |  | $ | 23.21 |
Stock Options A summary of stock options activity during the nine months ended September 30, 2021 is as follows:
| Number of Shares |  | Weighted Average Exercise Price per Share |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
| (in thousands) |  |  | (in years) |  | (in thousands)
Options outstanding, December 31, 2020 | 500 |  |  | $ | 7.49 |  |  |  |  |
Granted |  |  | — |  |  |  |  |
Exercised | — |  |  | — |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Options outstanding, September 30, 2021 | 500 |  |  | $ | 7.49 |  |  | 3.07 |  | $ | 6,515 |
Options exercisable, September 30, 2021 | 500 |  |  | $ | 7.49 |  |  | 3.07 |  | $ | 6,515 |
Share-Based Compensation Expense Share-based compensation expense was $0.2 million and $0.1 million for the three months ended September 30, 2021 and 2020, respectively. Recognized tax benefit related to share-based compensation expense was de minimis for the three months ended September 30, 2021 and 2020. Share-based compensation expense was $2.9 million and $2.0 million for the nine months ended September 30, 2021 and 2020, respectively. Recognized tax benefit related to share-based compensation expense was $0.6 million and $0.4 million for the nine months ended September 30, 2021 and 2020, respectively. As of September 30, 2021, the estimated total remaining unamortized share-based compensation expense related to unvested RSAs, net of forfeitures, was $0.4 million which is expected to be recognized over a weighted-average period of 0.7 year.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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