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Stockholders' Equity Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table reflects the new performance awards granted during the year ended December 31, 2021, their respective fair values and the assumptions utilized in the Monte-Carlo simulation pricing model:

Grant date						April 16, 2021						June 1, 2021						August 12, 2021						September 15, 2021						November 29, 2021
Simulation period (years)						3.71						3.58						3.39						3.29						3.09
Share price at grant date						$35.83						$38.78						$39.48						$45.27						$51.15
Expected volatility						41.17		%				41.79		%				42.85		%				43.44		%				45.50		%
Risk-free interest rate						0.52		%				0.46		%				0.53		%				0.49		%				0.85		%

Schedule of Share-based Compensation, Stock Options, Activity

Additional stock option activity is as follows (in thousands, except shares):

			Year Ended December 31,
			2020									2021
			Shares			Fair Value						Shares			Fair Value
Granted(1)			20,000			$	92					701,400			$	7,115
Cancelled			146,034			$	846					74,688			$	722

(1) Stock options granted during the years ended December 31, 2020 and 2021 had a weighted average price of $18.02 and $34.79, respectively. The fair value of these options was calculated using the Black-Scholes option pricing model. The options granted in 2020 vest over a three-year period and have a ten-year term. The options granted in 2021 vest over a five-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.

			Year Ended December 31,
			2020									2021
			Shares			Cash						Shares			Cash
Exercised(1)			40,365			N/A						423,294			N/A
Returned for option price(2)			18,640			$	19					211,088			$	1,013
Returned for payroll taxes(3)			2,954			$	89					43,534			$	2,272

A summary of the stock options at and changes during the three years ended December 31, 2021 is presented in the table below (shares in thousands): 

			Years Ended December 31,
			2019												2020												2021
			Shares						Wtd. Avg. Ex. Price						Shares						Wtd. Avg. Ex. Price						Shares						Wtd. Avg. Ex. Price
Outstanding at January 1			1,523						$	21.95					1,078						$	23.22					912						$	23.40
Granted			100						$	24.35					20						$	18.02					851						$	34.79
Exercised			(247)						$	17.37					(40)						$	13.72					(423)						$	21.99
Cancelled or expired			(298)						$	21.96					(146)						$	23.97					(75)						$	33.56
Outstanding at December 31			1,078						$	23.22					912						$	23.40					1,265						$	30.94
Exercisable at December 31			643						$	22.02					668						$	22.90					426						$	25.71

A summary of the intrinsic value of stock options exercised and the fair value of stock options vested for the three years ended December 31, 2021 is presented in the table below (in thousands):

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table further describes our outstanding stock options at December 31, 2021:

			Options Outstanding																		Options Exercisable
Actual Ranges of Exercise Prices			Number Outstanding at 12/31/21						Weighted-Average Remaining Contractual Life						Weighted-Average Exercise Price						Number Exercisable at 12/31/21						Weighted-Average Remaining Contractual Life						Weighted-Average Exercise Price
$18.02 - $18.02			13,333						3.48						$	18.02					—						—						$	—
$20.06 - $26.54			464,921						5.18						$	24.80					375,793						5.07						$	24.51
$34.79 - $34.79			786,900						9.14						$	34.79					50,000						9.14						$	34.79
$18.02 - $34.79			1,265,154						7.63						$	30.94					425,793						5.55						$	25.71

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Restricted stock activity is as follows (in thousands, except shares):

			Year Ended December 31,
			2020									2021
			Shares			Fair Value						Shares			Fair Value
Granted(1)			10,200			$	255					9,300			$	324
Returned for payroll taxes			10,588			$	250					10,399			$	375
Cancelled			—			$	—					966			$	27

(1) Restricted stock granted during the years ended December 31, 2020 and 2021 will vest over a three-year period, if the employee has remained continuously employed by us during the vesting period, at a weighted average stock price of $25.00 and $34.79, respectively.

A summary of the status of unvested restricted stock as of December 31, 2021, and changes during 2021, is presented below: 

Restricted stock awards			Shares						Weighted Average Grant Date Fair Value
Unvested at January 1, 2021			45,130						$	23.34
Granted			9,300						34.79
Vested			(30,821)						23.81
Cancelled			(966)						28.18
Unvested at December 31, 2021			22,643						$	27.21

Schedule of Dividends Payable

Our Board declared the following dividends payable on the dates below (in thousands, except per share amounts):

2021			Per Share						Dollar Value
March 1st			$	0.1000					$	1,799
June 1st			$	0.1000					$	1,808
September 1st			$	0.1000					$	1,783
December 1st			$	0.1125					$	1,873
2020			Per Share						Dollar Value
March 1st			$	0.0750					$	1,339
June 1st			$	0.0750					$	1,343
September 1st			$	0.0875					$	1,569
December 1st			$	0.1000					$	1,797

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable

			Years Ended December 31,
			2019						2020						2021
Intrinsic value of options exercised			$	1,197					$	517					$	8,229
Fair value of stock options vested			$	853					$	735					$	1,413

Share-based Payment Arrangement, Activity

Additional performance award activity is as follows (in thousands, except shares):

			Years Ended December 31,
			2020									2021
			Shares			Fair Value						Shares			Fair Value
Granted			30,743			$	733					55,302			$	2,116
Cancelled			33,538			$	631					55,896			$	799

Share-based Payment Arrangement, Performance Shares, Outstanding Activity

A summary of the new performance award and changes during the year ended December 31, 2021 is presented in the table and below:

Performance Awards			Shares						Weighted Average Grant Date Fair Value
At January 1, 2021			366,124						$	10.89
Granted			55,302						38.27
Amended			70,236						36.36
Cancelled			(55,896)						14.29
At December 31, 2021			435,766						$	21.76

Non-Employee Director and Board Advisor common stock activity is as follows (in thousands, except shares):

			Years Ended December 31,
			2019									2020									2021
			Shares			Fair Value						Shares			Fair Value						Shares			Fair Value
Board of Directors			7,458			$	155					30,883			$	654					14,744			$	622
Advisor to the Board			—			$	—					967			$	20					466			$	20

(1) Common stock granted during the years ended December 31, 2019, 2020 and 2021 had a weighted average price of $20.78, $21.16 and $42.14, respectively.

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity

ESPP activity is as follows (in thousands, except shares):

			Years Ended December 31,
			2019									2020									2021
			Shares			Price						Shares			Price						Shares			Price
ESPP			73,731			$	13.18					71,908			$	16.71					61,904			$	26.32

Employee Stock Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of the options granted using the Monte-Carlo simulation pricing model was estimated on the date of grant with the following assumptions:

			Year ended December 31, 2021
Awards granted			150,000
Dividend yield			1.15		%
Expected volatility			34.08		%
Risk-free interest rate			1.29		%

The fair value of the options granted using the Black-Scholes option pricing model was estimated on the date of grant with the following assumptions:

			Years Ended December 31,
			2019						2020						2021
Awards granted			100,000						20,000						701,400
Dividend yield			1.23		%				1.67		%				1.15		%
Expected volatility			27.45		%				38.54		%				36.72		%
Risk-free interest rate			1.65		%				0.25		%				0.57		%
Expected holding period (years)			5.0						3.7						5.0
Black-Scholes value			$5.70						$4.61						$10.14

Employee Stock Purchase Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair values of the right to purchase shares under the ESPP are estimated at the date of purchase with the four quarterly purchase dates using the following assumptions:

			Years Ended December 31,
			2019						2020						2021
Dividend yield			1.4		%				1.5		%				0.01		%
Expected volatility			36.1		%				48.6		%				48.1		%
Risk-free interest rate			2.42%, 2.51%, 2.56%, 2.60%						1.54%, 1.57%, 1.57%,1.56%						0.09%, 0.09%, 0.10%, 0.10%
Expected life (years)			0.25, 0.50, 0.75, 1.00						0.25, 0.50, 0.75, 1.00						0.25, 0.50, 0.75, 1.00

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