XML 74 R56.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Summary of Option Activity under 2003 Plan | A summary of option activity under the 2003 Plan as of December 31, 2021, and changes during the year then ended, is presented below:
| Shares |  | Weighted– Average Exercise Price |  | Weighted– Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding, beginning of year | 4,050 |  |  | $ | 7.49 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | — |  |  | — |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Outstanding, end of year | 4,050 |  |  | 7.49 |  |  | 0.45 |  | $ | 54,095 |
Exercisable, end of year | 4,050 |  |  | 7.49 |  |  | 0.45 |  | 54,095 |
A summary of option activity under the 2013 Plan as of December 31, 2021, and changes during the year then ended, is presented below:
| Shares |  | Weighted– Average Exercise Price |  | Weighted– Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding, beginning of year | 305,362 |  |  | $ | 12.52 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (104,484) |  |  | 10.45 |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Outstanding, end of year | 200,878 |  |  | 14.46 |  |  | 4.95 |  | $ | 1,283,614 |
Exercisable, end of year | 188,888 |  |  | 14.32 |  |  | 4.81 |  | 1,234,355 |
Fair Value of Options Granted | The fair value of options granted is estimated on the date of the grant using an option–pricing model with the following weighted–average assumptions:
|  |  |  |  | For the Year Ended December 31
|  |  |  |  | 2019
Dividend yields |  |  |  |  | 2.39 | %
Volatility factors of expected market price of common stock |  |  |  |  | 28.67 | %
Risk-free interest rates |  |  |  |  | 2.61 | %
Expected life of options |  |  |  |  | 8 years
Summary of Status of Non-vested, Restricted and Performance Shares | A summary of the status of Horizon’s non–vested restricted and performance shares as of December 31, 2021 are presented below:
| Shares |  | Weighted Average Grant Date Fair Value
Non–vested,beginning of year | 334,890 |  |  | $ | 13.90 |
Vested | (68,679) |  |  | 20.21 |
Granted | 161,823 |  |  | 18.91 |
Forfeited | (4,725) |  |  | 14.48 |
Non–vested,end of year | 423,309 |  |  | 14.78 |

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 the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration