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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Share-based Compensation, Activity
The following table presents our total stock-based compensation expense:
Year Ended
202120202019
Employee stock-based compensation expense
     Pre-tax (1)
$875 $876 $2,019 
     Post-tax (2)
691 692 1,595 
Director stock-based compensation expense
     Pre-tax (1)
310 506 988 
     Post-tax (2)
245 400 781 
(1) This table does not include withholding of vested shares for tax liabilities, which totaled $39,000, $112,000, and $296,000 in 2021, 2020, and 2019, 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 SharesWeighted Average Grant Date Fair Value
Outstanding as of December 31, 2018217,936 $18.96 
Granted134,231 16.24 
Less: Forfeited6,059 20.15 
Less: Vested131,613 19.22 
Outstanding as of December 31, 2019
214,495 $17.49 
Granted (1)
386,101 9.33 
Less: Forfeited232,323 12.61 
Less: Vested (1)
109,267 16.63 
Outstanding as of December 31, 2020
259,006 $10.06 
Granted292,960 6.01 
Less: Forfeited
122,460 8.87 
Less: Vested92,910 9.99 
Outstanding as of December 31, 2021
336,596 $6.99 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The following weighted-average assumptions were used to value the stock options granted:
2021
Expected annual dividend yield1.23  %
Expected volatility43.87  %
Risk-free interest rate1.81  %
Expected term 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 OptionsWeighted Average Exercise PricesWeighted Average Remaining Contractual Term (years)Aggregate Intrinsic Value
Outstanding as of December 31, 2018107,888 $20.94 9.76 $— 
Granted99,181 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 $— 
Granted221,541 8.77 — — 
Less: Forfeited234,472 12.76 — — 
Less: Exercised— — — — 
Less: Expired50,132 18.94 — — 
Outstanding as of December 31, 2020
144,006 $13.00 8.77 $— 
Vested as of December 31, 2020
80,728 $19.01 7.95 $— 
Exercisable as of December 31, 2020
30,596 $19.11 7.95 $— 
Outstanding as of December 31, 2020
144,006 $13.00 8.77 $— 
Granted1,054,707 3.86 — — 
Less: Forfeited48,995 8.08 — — 
Less: Exercised— — — — 
Less: Expired2,503 16.25 — — 
Outstanding as of December 31, 2021
1,147,215 $4.80 9.49 $792,000 
Vested as of December 31, 2021 (1)
120,638 $15.87 7.39 $— 
Exercisable as of December 31, 2021
68,003 $15.85 7.39 $—