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Shareholders Equity and Share Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Fair Value of Stock Option Valuation Assumptions

The following key assumptions were used in the valuation model to value stock option grants for each respective period:

		2020				2019				2018
Expected volatility			71.1	%			60.7	%			55.5	%
Dividend		$nil				$nil				$nil
Risk-free interest rate			0.52	%			1.86	%			2.30	%
Expected life		7.1 years				5.7 years				5.9 years
Fair value		C$5.8314				C$9.7259				C$3.2541

Summary of Stock Based Compensation Stock Option

Stock option transactions under the Company’s plan for the years ended December 31, 2020, 2019 and 2018 are summarized as follows:

		Number of Options				Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Outstanding at January 1, 2018			2,337,732			C$1.59			5.89			$	14,125
Granted during 2018			203,000			C$5.79			9.44
Exercised during 2018			(365,733	)		C$0.98			2.68
Forfeited/expired during 2018			(10,000	)		C$1.48
Outstanding at December 31, 2018			2,164,999			C$2.10			5.69			$	5,553
Exercisable at December 31, 2018			1,648,670			C$1.43			4.74			$	5,012
Granted during 2019			510,000			C$16.32			9.19
Exercised during 2019			(212,332	)		C$1.29			4.85
Forfeited during 2019			(10,001	)		C$2.20
Outstanding at December 31, 2019			2,452,666			C$5.12			5.60			$	11,435
Exercisable at December 31, 2019			1,707,337			C$1.78			4.18			$	10,736
Granted			1,081,488			C$8.77			9.75
Exercised			(425,166	)		C$1.36			1.62
Forfeited			(41,666	)		C$6.93			—
Outstanding at December 31, 2020			3,067,322			C$6.91			6.82			$	20,051
Exercisable at December 31, 2020			1,618,168			C$3.91			4.58			$	15,119

Schedule of Nonvested Stock Options Activity

A summary of the status of the Company’s non-vested stock options, and the changes during the year ended December 31, 2020, is presented below:

		Number of Options				Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Non-vested at January 1, 2020			745,329			C$7.43
Granted			1,081,488			C$5.83
Vested			(362,664	)		C$6.36
Forfeited			(14,999	)		C$6.05
Non-vested at December 31, 2020			1,449,154			C$6.52		C$4,931

Summary of Performance Base Restricted Share Unit

Performance-based restricted share unit activity for the years ended December 31, 2020, 2019 and 2018 is as follows:

		Number of Performance-based Restricted Share Units				Weighted Average Grant Date Fair Value
Outstanding at January 1, 2018			128,000			C$2.82
Granted			979,000			C$5.79
Received			(50,334	)		C$3.06
Forfeited/expired			—				—
Outstanding at December 31, 2018			1,056,666			C$5.56
Exercisable at December 31, 2018			175,333			C$5.08
Granted			355,000			C$14.94
Issued			(442,666	)		C$7.82
Forfeited			(230,000	)		C$12.90
Outstanding at December 31, 2019			739,000			C$7.92
Exercisable at December 31, 2019			30,000			C$12.87
Granted			1,068,000			C$6.36
Exercised			(840,000	)		C$6.47
Forfeited/expired			(98,000	)		C$9.59
Outstanding at December 31, 2020			869,000			C$7.51
Exercisable at December 31, 2020			75,000			C$6.10

Summary of Non-Vested Performance-Based Restricted Share Units

A summary of the status of the Company’s non-vested performance-based restricted share units, and the changes during the year ended December 31, 2020, is presented below:

		Number of Performance-based Restricted Share Units				Weighted Average Grant Date Fair Value
Non-vested at January 1, 2020			709,000			C$7.72
Granted			1,068,000			C$6.36
Vested			(885,000	)		C$6.93
Forfeited			(98,000	)		C$9.59
Non-vested at December 31, 2020			794,000			C$7.33

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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