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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Share-based Compensation, Activity

The following table presents our total stock-based compensation expense:

			Year Ended
			2020						2019						2018
Employee stock-based compensation expense
Pre-tax (1)			$	876					$	2,019					$	1,095
Post-tax (2)			692						1,595						865
Director stock-based compensation expense
Pre-tax (1)			506						988						1,319
Post-tax (2)			400						781						1,042

(1) This table does not include withholding of vested shares for tax liabilities, which totaled $112,000, $296,000, and $418,000 in 2020, 2019, and 2018, respectively.

(2) The after tax amounts are determined using the 21% corporate federal tax rate.

Schedule of Nonvested Share Activity

The following table presents certain information related to the activity of our non-vested common stock grants:

			Number of Restricted Shares						Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2017			212,094						$	16.44
Granted			174,602						20.07
Less: Forfeited			21,502						18.82
Less: Vested			147,258						16.68
Outstanding as of December 31, 2018			217,936						$	18.96
Granted			134,231						16.24
Less: Forfeited			6,059						20.15
Less: Vested			131,613						19.22
Outstanding as of December 31, 2019			214,495						$	17.49
Granted (1)			386,101						9.33
Less: Forfeited			232,323						12.61
Less: Vested (1)			109,267						16.63
Outstanding as of December 31, 2020			259,006						$	10.06

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

The following weighted-average assumptions were used to value the stock options granted:

			2020
Expected annual dividend yield			1.70		%
Expected volatility			41.59		%
Risk-free interest rate			2.35		%
Expected term			6		years

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity

The following table presents certain information related to the activity of our non-vested stock option grants:

			Number of Stock Options						Weighted Average Exercise Prices						Weighted Average Remaining Contractual Term (years)						Aggregate Intrinsic Value
Outstanding as of December 31, 2017			—						$	—					—
Granted			107,888						20.94						—						—
Less: Forfeited			—						—						—						—
Less: Exercised			—						—						—						—
Outstanding as of December 31, 2018			107,888						$	20.94					9.76						$	—
Vested as of December 31, 2018			—						$	—					—						$	—
Exercisable as of December 31, 2018			—						$	—					—						$	—
Outstanding as of December 31, 2018			107,888						$	20.94					9.76						$	—
Granted			99,181						16.25						—						—
Less: Forfeited			—						—						—						—
Less: Exercised			—						—						—						—
Outstanding as of December 31, 2019			207,069						$	18.69					9.00						$	—
Vested as of December 31, 2019			35,965						$	20.94					8.76						$	—
Exercisable as of December 31, 2019			35,965						$	20.94					8.76						$	—
Outstanding as of December 31, 2019			207,069						$	18.69					9.00						$	—
Granted			221,541						8.77						—						—
Less: Forfeited			234,472						12.76						—						—
Less: Exercised			—						—						—						—
Less: Expired			50,132						18.94						—						—
Outstanding as of December 31, 2020			144,006						$	13.00					8.77						$	—
Vested as of December 31, 2020 (1)			80,728						$	19.01					7.95						$	—
Exercisable as of December 31, 2020			30,596						$	19.11					7.95						$	—

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Tabular disclosure of the changes in outstanding nonvested shares.

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