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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

3 Months Ended

Mar. 31, 2022

Stock Options

Stock Awards

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Weighted		​	Weighted		​	​
​	​	Number	​	Average		​	Average		​	​
​	​	of	​	Exercise		​	Fair		​	​
​		Options		Price			Value			​
Outstanding as of January 1, 2022		916,287		$	9.02	​	$	4.08	​	​
Granted		—	​	​	—	​	​	—	​	​
Exercised		(112,476)	​	​	11.69	​	​	6.11	​	​
Forfeited		—	​	​	—	​	​	—	​	​
​	​	​	​	​	​	​	​	​	​	​
Outstanding as of March 31, 2022		803,811		$	8.65	​	$	3.80	​	​
​	​	​	​	​	​	​	​	​	​	​
Exercisable as of March 31, 2022		609,920		$	8.78	​	$	4.06	​	​

​

​

The following table summarizes certain information about the options outstanding as of March 31, 2022:

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Options Outstanding and Unvested,

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Options Outstanding and Exercisable,

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​

​

​

March 31, 2022

​

March 31, 2022

​

Weighted

​

​

​

​

​

​

Weighted

​

​

​

​

​

Weighted

​

Average

​

​

Weighted

​

Average

​

​

​

Weighted

​

Average

​

Exercise Price of

​

​

Average

​

Remaining

​

​

​

Average

​

Remaining

​

Outstanding

​

Number of

​

Exercise

​

Contractual

​

Number of

​

Exercise

​

Contractual

​

Options

Options

Price

Life

Options

Price

Life

$

8.65

193,891

​

$

8.22

​

4.31

​

609,920

​

$

8.78

​

2.85

​

​

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​	​	2022			2021
General and administrative expenses	​	$	113	​	$	180	​

Restricted Stock Units

Stock Awards

Summary of nonvested restricted stock units

​

​	​	​	​	​	​	​
​	​	​	​	Weighted		​
​	​	Number of	​	Average Grant		​
​		RSUs	​	Date Price		​
Outstanding as of January 1, 2022	​	306,887	​	$	9.65	​
Granted	​	208,457	​	​	19.58	​
Vested	​	(132,696)	​	​	8.68	​
Forfeited	​	—	​	​	—	​
​	​	​	​	​	​	​
Outstanding as of March 31, 2022	​	382,648	​	$	15.40	​

​

The total fair value of the RSUs that vested during the three months ended March 31, 2022 and 2021 was $2,655 and $1,130, respectively. The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.

​

The following table summarizes certain information of the RSUs unvested and vested as of March 31, 2022:

​

​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
March 31, 2022						​	March 31, 2022				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
382,648	​	$	15.40	​	2.82	​	790,033	​	$	10.04	​

​

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​		2022			2021
General and administrative expenses	​	$	577	​	$	342	​

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