XML 27 R21.htm IDEA: XBRL DOCUMENT
v3.22.2

Share-based compensation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Stock appreciation rights |
Share-based compensation |
Schedule of awards, simulation inputs and outputs | A summary of awards, simulation inputs, outputs and valuation methodology is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Model Inputs | ​ | ​
​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ |  | ​ |  | Weighted |  | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Risk-free | ​ | ​ | ​ | Average Fair | ​ | ​ | ​ | ​
​ | ​ | SARs | ​ | Exercise | ​ | Vesting | ​ | Grant | ​ | Dividend | ​ | rate of | ​ | Expected | ​ | Value @ | ​ | Average Expected | ​ | Valuation
Grant Date | ​ | Awarded | ​ | Price | ​ | Period | ​ | Price | ​ | Yield | ​ | Return | ​ | Volatility | ​ | grant date | ​ | Exercise Life | ​ | Method
12‑Mar‑14 |  | 22,118 | ​ | $ | 13.66 |  | 3 yrs | ​ | $ | 13.66 |  | 2.93 | % | 2.06 | % | 56.31 | % | $ | 4.17 |  | 4.6 – 5.0 yrs |  | Monte Carlo
01‑Sept‑14 |  | 5,595 | ​ | $ | 13.91 |  | 3 yrs | ​ | $ | 13.91 |  | 2.88 | % | 2.20 | % | 53.60 | % | $ | 4.20 |  | 4.5 – 5.0 yrs |  | Monte Carlo
06‑Mar‑15 |  | 37,797 | ​ | $ | 10.25 |  | 3 yrs | ​ | $ | 10.25 |  | 3.90 | % | 1.90 | % | 61.38 | % | $ | 2.98 |  | 4.2 – 5.0 yrs |  | Monte Carlo
15‑Jan‑16 |  | 205,519 | ​ | $ | 9.20 |  | 3 yrs | ​ | $ | 9.20 |  | 6.63 | % | 1.79 | % | 58.09 | % | $ | 2.20 |  | 4.0 – 5.0 yrs |  | Monte Carlo
04‑Apr‑18 |  | 1,719,733 | ​ | $ | 7.40 |  | 3 yrs | ​ | $ | 7.40 |  | 0 | % | 2.51 | % | 40.59 | % | $ | 2.67 |  | 4.25 yrs |  | Black-Scholes
07‑Mar‑19 | ​ | 560,000 | ​ | $ | 5.10 | ​ | 3 yrs | ​ | $ | 5.10 | ​ | 0 | % | 2.43 | % | 43.65 | % | $ | 2.00 | ​ | 4.5 yrs | ​ | Black-Scholes
04‑Mar‑20 | ​ | 549,020 | ​ | $ | 5.25 | ​ | 3 yrs | ​ | $ | 5.25 | ​ | 0 | % | 0.73 | % | 46.42 | % | $ | 2.04 | ​ | 4.5 yrs | ​ | Black-Scholes
04‑Mar‑21 | ​ | 610,691 | ​ | $ | 4.28 | ​ | 3 yrs | ​ | $ | 4.28 | ​ | 0 | % | 0.66 | % | 55.39 | % | $ | 1.93 | ​ | 4.5 yrs | ​ | Black-Scholes
Schedule of changes in the Stocks | Changes in the SARs for the six months ended June 30, 2022 are set forth below in full numbers: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  |
​ | ​ |  | ​ | Weighted average
​ |  | No. of SARs |  | exercise price
Balance as at January 1, 2022 |  | 3,704,694 | ​ | $ | 6.40
SARs granted during the six months ended June 30, 2022 | ​ | — | ​ | ​ | —
SARs forfeited during the six months ended June 30, 2022 | ​ | — | ​ | ​ | —
Balance as at June 30, 2022 (none of which are exercisable or convertible) |  | 3,704,694 | ​ | $ | 6.40
Schedule of cost related to non-vested awards expected to be recognized | The total cost related to non-vested SAR awards expected to be recognized through 2024 is set forth below in thousands of U.S. Dollars: ​
​ | ​ | ​ | ​
Period | ​ | ​ | TOTAL
2022(1) | ​ | $ | 383
2023 | ​ | ​ | 455
2024 | ​ | ​ | 65
​ | ​ | $ | 903
(1) Six-month period ending December 31, 2022
Restricted stock units |
Share-based compensation |
Schedule of awards, simulation inputs and outputs | A summary of awards is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grant Date |  | RSUs Awarded |  | Service Period |  | Grant Price
02-Jan-19 | ​ | 176,659 | ​ | 2 years | ​ | $ | 4.64
07-Mar-19 | ​ | 86,210 | ​ | 3 years | ​ | $ | 5.10
28-May-19 | ​ | 59,237 | ​ | 1 year | ​ | $ | 7.47
04-Mar-20 | ​ | 94,105 | ​ | 3 years | ​ | $ | 5.25
29-May-20 |  | 78,510 | ​ | 1 year | ​ | $ | 5.84
04-Mar-21 | ​ | 56,957 | ​ | 1 year | ​ | $ | 4.28
04-Mar-21 | ​ | 302,923 | ​ | 3 years | ​ | $ | 4.28
07-Jun-21 | ​ | 95,583 | ​ | 1 year | ​ | $ | 4.31
30-Mar-22 | ​ | 593,671 | ​ | 3 years | ​ | $ | 4.54
07-Jun-22 | ​ | 60,415 | ​ | 1 year | ​ | $ | 8.07
Schedule of changes in the Stocks | Changes in the RSUs for the six months ended June 30, 2022 are set forth below in thousands of U.S. Dollars: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted average
​ | ​ | ​ | ​ | fair value at grant
​ | ​ | No. of RSUs | ​ | date
Balance as at January 1, 2022 |  | 546,935 |  | $ | 4.44
RSUs granted during the six months ended June 30, 2022 | ​ | 654,086 | ​ | $ | 4.87
RSUs vested during the six months ended June 30, 2022 | ​ | (313,619) | ​ | $ | (4.46)
Balance as at June 30, 2022 (none of which are vested) |  | 887,402 | ​ | $ | 4.75
Schedule of cost related to non-vested awards expected to be recognized | The total cost related to non-vested RSU awards expected to be recognized through 2024 is set forth below: ​
​ | ​ | ​ | ​
Period |  | ​ | TOTAL
2022(1) | ​ | $ | 991
2023 | ​ | ​ | 1,561
2024 | ​ | ​ | 970
2025 | ​ | ​ | 225
​ | ​ | $ | 3,747
(1) Six-month period ending December 31, 2022

X
- Definition Tabular disclosure of common shares issued through share based compensation for the reporting period. + References No definition available. + Details
Name: | asc_ShareBasedCompensationIssueNewCommonSharesTableTextBlock
Namespace Prefix: | asc_
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 cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + 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 (i) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_StockAppreciationRightsSARSMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |