XML 76 R63.htm IDEA: XBRL DOCUMENT v3.22.0.1
Equity Incentive Plans (Details Narrative)
$ / shares in Units, $ in Thousands
3 Months Ended 5 Months Ended 8 Months Ended 12 Months Ended
Jan. 07, 2019
USD ($)
shares
Apr. 13, 2015
$ / shares
shares
Jun. 07, 2021
$ / shares
shares
May 25, 2020
$ / shares
shares
May 22, 2019
shares
Aug. 31, 2020
shares
Aug. 31, 2019
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Sep. 30, 2021
shares
May 31, 2021
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Amortization expense for RSUs expected to vest | $               $ 1,190        
Number of shares granted               515,000 1,100,000 885,000    
Number of shares vested during the period               595,560 955,149 756,962    
Grant date fair value | $ / shares               $ 18.88 $ 5.09 $ 8.13    
Dividend, Share-based Payment Arrangement, Cash | $               $ 875 $ 14 $ 14    
Share-based Payment Arrangement, Noncash Expense | $               10,335 4,624 7,943    
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $               $ 1,777        
Weighted average remaining term for non-vested restricted share awards               1 year 7 months 2 days        
Total fair value of shares vested during the period | $               $ 13,104 $ 6,681 $ 7,703    
Common Stock [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture               521,310 1,073,490 883,700    
2019 Equity Incentive Plan [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Shares reserved for issuance         900,000              
Number of shares granted         885,000              
Number of shares vested during the period           99,769 685,462          
2019 Equity Incentive Plan [Member] | Vest in August 2022 [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Restricted common shares expected to vest         99,769              
2020 Equity Incentive Plan [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Shares reserved for issuance       1,100,000                
Number of shares granted       1,100,000                
Number of shares vested during the period           855,380            
Grant date fair value | $ / shares       $ 5.09                
2020 Equity Incentive Plan [Member] | Vest in May 2021 [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Restricted common shares expected to vest                       122,310
2020 Equity Incentive Plan [Member] | Vest in May 2023 [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Restricted common shares expected to vest       122,310                
Equity Incentive Plan 2021 [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Shares reserved for issuance     515,000                  
Number of shares granted     515,000                  
Grant date fair value | $ / shares     $ 18.88                  
Equity Incentive Plan 2021 [Member] | Vest In September 2021 [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Restricted common shares expected to vest                     401,750  
Equity Incentive Plan 2021 [Member] | Vest In June 2022 [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Restricted common shares expected to vest     56,625                  
Equity Incentive Plan 2021 [Member] | Vest In June 2024 [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Restricted common shares expected to vest     56,625                  
Minimum [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award percentage               5.00%        
Maximum [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award percentage               10.00%        
Restricted Stock Units (RSUs) [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Total shares authorized 4,000,000                      
Number of tranches 10                      
Restricted common shares expected to vest 400,000                      
Vesting rights Each RSU would represent, upon vesting, a right for the beneficiary to receive one common share of the Company.                      
Restricted Stock Units (RSUs) [Member] | Tranche A [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Vesting Date Apr. 30, 2021                      
RSUs shares 2,000,000                      
Restricted Stock Units (RSUs) [Member] | Tranche B [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Restricted common shares expected to vest                   400,000    
Vesting Date Apr. 30, 2022                      
RSUs shares 2,000,000                      
Amortization expense for RSUs expected to vest | $                   $ 1,235    
Amortization expense reversed, included in General and administrative expenses | $                 $ 1,235      
Restricted Stock Units (RSUs) [Member] | Minimum [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Fleet performance indices | $ $ 120,000             $ 120,000        
Cumulative Bunker Saving threshold | $               $ 250,000        
Restricted Stock Units (RSUs) [Member] | Maximum [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Fleet performance indices | $ $ 300,000                      
Share-based Payment Arrangement, Option [Member]                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Number of options granted   104,250                    
Option exercise price | $ / shares   $ 27.50