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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

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

Summary of the Company's Stock Option Activity

stock options is summarized as follows:

		Shares				Weighted Average Exercise Price Per Share				Aggregate Intrinsic Value
Options outstanding as of December 31, 2021			625,317			$	20.76
Granted			—				—
Exercised			(10,728	)			13.29
Forfeited			(14,145	)			12.37
Cancelled			(47,521	)			20.64
Options outstanding as of December 31, 2022			552,923			$	21.13			$	—
Options exercisable as of December 31, 2022			527,852			$	21.55			$	—

Schedule of the Assumptions Used to Estimate the Fair Value of Each Option Grant

The fair value of each option grant was estimated at the date of grant using the following assumptions:

		2020
Expected life (years)			6.5
Risk-free interest rate			1.2	%
Expected volatility			42.3	%
Expected dividend yield			—	%

Restricted Stock Units

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

Schedule of Nonvested Share Activity

The activity for restricted stock units is summarized as follows:

		Shares				Weighted Average Grant Date Fair Value Per Share
Unvested as of December 31, 2021			614,984			$	15.93
Granted			413,543				17.00
Vested			(290,876	)			16.03
Forfeited			(90,439	)			17.08
Unvested as of December 31, 2022			647,212			$	16.45

Performance Shares

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

Schedule of the Assumptions Used to Estimate the Fair Value of Each Option Grant

The fair value of each total shareholder return performance share unit was estimated at the date of grant using the following assumptions:

		2022				2021				2020
Correlation			25.9	%			27.9	%			32.2	%
Risk-free interest rate			1.7	%			0.2	%			1.1	%
Expected volatility			59.5	%			59.0	%			47.5	%
Expected dividend yield			—	%			—	%			—	%

Schedule of Nonvested Share Activity

activity for performance share units is summarized as follows:

		Shares				Weighted Average Grant Date Fair Value Per Share
Unvested as of December 31, 2021			500,684			$	17.45
Granted			122,280				19.36
Vested			(45,432	)			21.98
Forfeited			(117,758	)			16.58
Unvested as of December 31, 2022			459,774			$	17.30

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- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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