Shareholders' Equity and Share Based Compensation

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2022 was $1,114 and $2,078, respectively, and $1,887 and $3,885 for the three and six months ended June 30, 2021, respectively.

Stock option activity for the six months ended June 30, 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		$	6.12		6.89	$	6,717
Granted	189,500			$	5.40		9.59	$	2
Exercised	(180,000)			$	1.30		0.59	$	772
Forfeited		(40,000	)
Outstanding at June 30, 2022		3,592,058		$	6.30		6.84	$	1,122
Exercisable at June 30, 2022		2,042,663		$	5.51		5.29	$	642

Performance-based shares activity for the six months ended June 30, 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 June 30, 2022		72,000		$	8.31
Exercisable at June 30, 2022		42,000		$	8.31