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Shareholders' Equity and Share Based Compensation
 3 Months Ended
Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Shareholders' Equity and Share Based Compensation

16

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION

 

Share-based compensation expense for the three months ended March 31, 2022 and 2021 was $964 and $1,998, respectively.

 

Stock option activity for the three months ended March 31, 2022 was as follows:

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Term (years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2022

 

 

3,622,558

 

 

$

 

7.30

 

 

 

7.89

 

 

$

6,551

 

      Granted

 

 

189,500

 

 

$

 

5.40

 

 

 

9.84

 

 

 

 

 

Exercised

 

 

(170,000

)

 

$

 

1.28

 

 

 

1.26

 

 

 

 

 

Fortified

 

 

(20,000

)

 

$

 

8.31

 

 

 

9.64

 

 

 

 

 

Outstanding at March 31, 2022

 

 

3,622,058

 

 

$

 

6.81

 

 

 

7.04

 

 

$

5,309

 

Exercisable at March 31, 2022

 

 

1,967,662

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

Performance-based shares activity for the three months ended March 31, 2022 was as follows:

 

 

 

Number of

Performance-based

Restricted Share Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at January 1, 2022

 

 

230,000

 

 

$

 

6.66

 

Exercised

 

 

158,000

 

 

$

 

5.90

 

Outstanding at March 31, 2022

 

 

72,000

 

 

$

 

8.31

 

Exercisable at March 31, 2022

 

 

42,000

 

 

$

 

8.31