XML 44 R26.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Shareholders' Equity and Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following tables present a rollforward of share-based awards for the periods indicated:
|  | Year Ended
|  | December 31,
|  | 2023 |  | 2022 |  | 2021
Type of Award |  | Shares |  | Weighted Average Grant Date Fair Value Per Share |  | Shares |  | Weighted Average Grant Date Fair Value Per Share |  | Shares |  | Weighted Average Grant Date Fair Value Per Share
Restricted stock: |  |  |  |  |  |  |  |  |  |  |  |
Awards outstanding, beginning of period |  | 133,951 |  |  | $ | 15.22 |  |  | 197,804 |  |  | $ | 15.27 |  |  | 281,761 |  |  | $ | 14.74 |
Granted |  | 74,017 |  |  | 11.27 |  |  | 71,216 |  |  | 15.60 |  |  | 40,027 |  |  | 19.02 |
Vested |  | (103,686) |  |  | 15.03 |  |  | (135,069) |  |  | 15.49 |  |  | (123,984) |  |  | 15.28 |
Awards outstanding, end of period |  | 104,282 |  |  | $ | 12.61 |  |  | 133,951 |  |  | $ | 15.22 |  |  | 197,804 |  |  | $ | 15.27 |
Target RSUs: (1) |  |  |  |  |  |  |  |  |  |  |  |
Awards outstanding, beginning of period |  | 86,666 |  |  | $ | 16.57 |  |  | 55,019 |  |  | $ | 19.40 |  |  | — |  |  | $ | — |
Granted |  | 341,044 |  |  | 12.55 |  |  | 73,767 |  |  | 15.19 |  |  | 55,019 |  |  | 19.40 |
Vested |  | (33,213) |  |  | 16.96 |  |  | (42,120) |  |  | 17.85 |  |  | — |  |  | — |
Awards outstanding, end of period |  | 394,497 |  |  | $ | 13.06 |  |  | 86,666 |  |  | $ | 16.57 |  |  | 55,019 |  |  | $ | 19.40 |
Target PSUs: (2) |  |  |  |  |  |  |  |  |  |  |  |
Awards outstanding, beginning of period |  | 201,284 |  |  | $ | 16.60 |  |  | 110,040 |  |  | $ | 19.04 |  |  | — |  |  | $ | — |
Granted |  | 160,277 |  |  | 11.97 |  |  | 147,542 |  |  | 14.83 |  |  | 110,040 |  |  | 19.04 |
Vested |  | (84,695) |  |  | 19.04 |  |  | (56,298) |  |  | 16.73 |  |  | — |  |  | — |
Awards outstanding, end of period |  | 276,866 |  |  | $ | 13.17 |  |  | 201,284 |  |  | $ | 16.60 |  |  | 110,040 |  |  | $ | 19.04 |
(1)The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% if the recipient’s service-based vesting condition is not met to 100% if the service-based vesting condition is met. (2)The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% to 200% based on the achievement of the performance goals defined in each grant award.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | Total share-based compensation expense recognized by the Company for the year ended December 31, 2023 was $4.8 million compared to $4.4 million for the year ended December 31, 2022 and $2.5 million for the year ended December 31, 2021. The following table discloses the Company’s remaining compensation expense related to stock awards it has granted as of December 31, 2023, which will be amortized over the period disclosed:
| December 31, 2023
($s in thousands) | Remaining Compensation Cost |  | WAVG Period of Recognition
Restricted stock | $ | 610 |  |  | 1.4 years
RSUs | 3,341 |  |  | 2.5 years
PSUs | 877 |  |  | 1.9 years
Total | $ | 4,828 |  |  | 2.2 years

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

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + 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)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration