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Stock-Based and Other Long-Term Incentive Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Stock Activity

A summary of all restricted stock activity as of December 31, 2021 and 2022 and changes during the years then ended are presented below.

			Number  of Shares						Grant Date Fair Value						Weighted Average Remaining Contractual Life (years)						Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2020			258,101						$	12.87					8.61						$	2,447
Granted			156,339						$	8.99					—						$	1,406
Vested			(134,788)						$	14.94					—						$	1,258
Canceled/Forfeited			(3,333)						12.26						—						31
Outstanding, December 31, 2021			276,319						$	9.67					1.77						$	2,893
Granted			126,662						$	10.21					—						$	1,294
Vested			(152,134)						$	10.99					—						$	1,778
Canceled/Forfeited			—						$	—					—						$	—
Outstanding, December 31, 2022			250,847						$	9.14					1.42						$	2,681

Stock Options Fair Value Assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions noted in the following table.  The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant.  The expected life of options granted is based on the vesting period and historical exercise and post-vesting employment termination behavior for similar grants.  We use historical data to estimate option exercise and employee termination within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes.

Weighted average Black -Scholes fair value assumption during the year ended December 31, are as follows:						2022
Risk free rate									2.99		%
Expected life									2.67
Expected volatility									54.5		%
Expected dividend yield									—		%

Summary of Option Activity

A summary of all option activity as of December 31, 2021 and 2022 and changes during the years then ended are presented below:

			Number  of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (years)						Aggregate Intrinsic Value
																					(in thousands)
Outstanding, December 31, 2020			161,334						$	24.48					3.48						$	—
Granted			55,500						$	10.58					—						—
Exercised			—						—						—						—
Canceled/Forfeited			—						$	—					—						$	—
Expired			(16,000)						$	17.81					—						—
Outstanding, December 31, 2021			200,834						$	21.17					4.83						—
Granted			215,000						$	16.07					—						—
Exercised			—						—						—						—
Canceled/Forfeited			(200,750)						$	(18.09)					—						—
Expired			(13,500)						$	13.29					—						—
Outstanding, December 31, 2022			201,584						$	19.32					3.90						$	—
Exercisable, December 31, 2022			160,084						$	21.48					2.55						$	—

Summary of Stock Options Outstanding

The following table summarizes information about our stock options outstanding at December 31, 2022:

Range of Exercise Prices						Options Outstanding																		Options Exercisable
						Shares						Weighted Average Remaining Contractual Life (years)						Weighted Average Exercise Price						Shares						Weighted Average Exercise Price
$0.01-$18.00						106,000						5.58						$	13.30					64,500						$	14.78
$18.01-$22.00						13,000						0.22						18.75						13,000						$	18.75
$22.01-$26.00						29,667						2.28						22.90						29,667						$	22.90
$26.01-$30.00						20,750						4.13						28.15						20,750						$	28.15
$30.01-$34.00						32,167						1.22						30.41						32,167						$	30.41
						201,584						3.90						$	19.32					160,084						$	21.48

Summary of the Status of Unvested Stock Options

The summary of the status of our unvested stock options as of December 31, 2022 and changes during the year then ended is presented below.

Unvested stock options:			Shares						Weighted Average Grant Date Fair Value
Unvested at December 31, 2021			55,500						$	10.58
Granted			215,000						$	16.07
Vested			(69,500)						14.48
Canceled/Forfeited			(159,500)						16.17
Unvested at December 31, 2022			41,500						$	11.01

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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