XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

SHARE-BASED PAYMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | The Company’s share-based compensation expense, by type of award, is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
RSUs(1) | $ | 838 |  |  | $ | 1,162 |  |  | $ | 1,582 |  |  | $ | 1,806 |
SARs | 111 |  |  | 304 |  |  | 264 |  |  | 740 |
Stock options | 463 |  |  | 88 |  |  | 911 |  |  | 194 |
Total share-based compensation expense(2) | $ | 1,412 |  |  | $ | 1,554 |  |  | $ | 2,757 |  |  | $ | 2,740 |
(1)The fair value of the RSUs granted under the Compensation Plan for the six months ended June 30, 2024 and 2023 was estimated at the date of grant using the stated market price on the NYSE American. (2)Share-based compensation is included in Selling, general and administration in the Condensed Consolidated Statements of Operations and Comprehensive Income.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | A summary of the Company’s unvested RSU activity is as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested, December 31, 2023 | 641,839 |  |  | $ | 6.57 |
Granted | 375,384 |  |  | 7.47 |
Vested | (373,067) |  |  | 6.20 |
Forfeited | — |  |  | — |
Unvested, June 30, 2024 | 644,156 |  |  | $ | 7.31 |
A summary of the Company’s SARs activity is as follows:
| Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (Years) |  | Intrinsic Value
Outstanding, December 31, 2023 | 1,839,528 |  |  | $ | 5.01 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (250,036) |  |  | 2.92 |  |  |  |  |
Forfeited | (3,152) |  |  | 7.36 |  |  |  |  |
Expired | (569,595) |  |  | 2.94 |  |  |  |  |
Outstanding, June 30, 2024 | 1,016,745 |  |  | $ | 6.67 |  |  | 2.80 |  | $ | —
Exercisable, June 30, 2024 | — |  |  | $ | — |  |  | — |  |  | $ | —
A summary of the Company’s unvested SARs activity is as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested, December 31, 2023 | 1,589,492 |  |  | $ | 2.89 |
Granted | — |  |  | — |
Vested | — |  |  | — |
Expired | (569,595) |  |  | 4.51 |
Forfeited | (3,152) |  |  | 3.45 |
Unvested, June 30, 2024 | 1,016,745 |  |  | $ | 3.83 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of all stock options, including Performance Based Options, granted under the Compensation Plan for the six months ended June 30, 2024 was estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions:
Risk-free interest rate | 4.73 | %
Expected life | 3.08
Expected volatility(1) | 69.05 | %
Expected dividend yield | — | %
Weighted average grant date fair value | $ | 3.53 |
(1)Expected volatility is measured based on the Company’s historical share price volatility over a period equivalent to the expected life of the stock options.
Schedule of Share-based Compensation, Stock Options, Activity | A summary of all of the Company’s stock option activity, including Performance Based Options, is as follows:
| Range of Exercise Prices |  | Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (Years) |  | Intrinsic Value
Outstanding, December 31, 2023 | $1.76 - $8.60 |  | 523,468 |  |  | $ | 4.48 |  |  |  |  |
Granted | 5.43 - 8.23 |  | 583,546 |  |  | 7.74 |  |  |  |  |
Exercised | 1.76 - 6.47 |  | (46,382) |  |  | 3.37 |  |  |  |  |
Forfeited | 6.12 - 8.23 |  | (19,959) |  |  | 7.40 |  |  |  |  |
Expired | 2.92 - 7.36 |  | (2,291) |  |  | 5.75 |  |  |  |  |
Outstanding, June 30, 2024 | $1.76 - $8.60 |  | 1,038,382 |  |  | $ | 6.31 |  |  | 3.19 |  | $ | 896 |
Exercisable, June 30, 2024 | $1.76 - $8.41 |  | 402,325 |  |  | $ | 4.09 |  |  | 1.61 |  | $ | 892 |
A summary of the Company’s unvested stock option activity is as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested, December 31, 2023 | 169,182 |  |  | $ | 4.11 |
Granted | 583,546 |  |  | 3.53 |
Vested | (96,712) |  |  | 4.35 |
Forfeited | (19,959) |  |  | 3.69 |
Unvested, June 30, 2024 | 636,057 |  |  | $ | 3.56 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration