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Stock Based Compensation | 3 Months Ended
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Mar. 31, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock Based Compensation | 14. Stock-Based Compensation — The following tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average amortization period.
|  | Stock-Based Compensation for the Three months Period |  |  | Unamortized Stock-Based Compensation as of March 31 |  |  | Remaining Weighted Average Period (years) |
March 31, 2023 |  |  |  |  |  |  |  |  |
Time-Based Restricted Stock |  | $ | 1,198 |  |  | $ | 5,304 |  |  |  | 1.7 |
Unrestricted Stock |  |  | 130 |  |  |  | 87 |  |  |  | 0.2 |
Performance-Based Restricted Stock |  |  | 146 |  |  |  | 1,978 |  |  |  | 1.7 |
Total |  | $ | 1,474 |  |  | $ | 7,369 |  |  |  |
March 31, 2022 |  |  |  |  |  |  |  |  |
Time-Based Restricted Stock |  | $ | 993 |  |  | $ | 5,411 |  |  |  | 1.7 |
Unrestricted Stock |  |  | 117 |  |  |  | 78 |  |  |  | 0.2 |
Performance-Based Restricted Stock |  |  | 453 |  |  |  | 2,319 |  |  |  | 1.7 |
Total |  | $ | 1,563 |  |  | $ | 7,808 |  |  |  |
The Company also granted stock options in past periods. All outstanding stock options are fully vested and exercisable and no expense was recorded during the three months ended March 31, 2023 and 2022. Time-based Restricted and Unrestricted Stock — A summary of nonvested time based restricted and unrestricted stock is presented below:
|  | Three Months Ended March 31, 2023 |  |  | Three Months Ended March 31, 2022 |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 31 st |  |  | 742,050 |  |  | $ | 18.86 |  |  |  | 817,290 |  |  | $ | 17.04 |
Vested |  |  | (2,017 | ) |  |  | 15.71 |  |  |  | (230,080 | ) |  |  | 17.31 |
Forfeited |  |  | (5,479 | ) |  |  | 19.87 |  |  |  | (24,109 | ) |  |  | 17.10 |
Nonvested shares at March 31 st |  |  | 734,554 |  |  | $ | 18.86 |  |  |  | 563,101 |  |  | $ | 16.93 |
Performance-Based Restricted Stock — A summary of nonvested performance-based stock is presented below:
|  | Three Months Ended March 31, 2023 |  |  | Three Months Ended March 31, 2022 |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at December 31 st |  |  | 318,699 |  |  | $ | 18.05 |  |  |  | 379,061 |  |  | $ | 16.43 |
Additional granted (forfeited) based on performance achievement |  |  | — |  |  |  | — |  |  |  | (41,088 | ) |  |  | 16.56 |
Vested |  |  | — |  |  |  | — |  |  |  | (78,704 | ) |  |  | 17.18 |
Forfeited |  |  | — |  |  |  | — |  |  |  | (7,074 | ) |  |  | 16.77 |
Nonvested shares at March 31 st |  |  | 318,699 |  |  | $ | 18.05 |  |  |  | 252,195 |  |  | $ | 16.17 |
Stock Options — A summary of stock options is presented below: Time-based Incentive Stock Option Plans Activity of the incentive stock option plans for the three months ended March 31, 2023:
|  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |
Balance outstanding, December 31, 2022 |  |  | 68,896 |  |  | $ | 11.49 |
Options exercised |  |  | (1,537 | ) |  |  | 11.49 |
Balance outstanding, March 31, 2023 |  |  | 67,359 |  |  | $ | 11.49 |
All outstanding stock options as of March 31, 2023 have an exercise price of $11.49 and a remaining life of 21 months. There was no activity during the three months ended March 31, 2022. There were 108,036 incentive stock options outstanding as of March 31, 2022 with an exercise price per share of $11.49 and a remaining life of 33 months. Performance-based Incentive Stock Option Plan There was no activity for the three months ended March 31, 2023 and 2022. There were 81,808 and 114,658 of performance incentive stock options outstanding as of March 31, 2023 and 2022, with an exercise price per share of $11.49 and a remaining life of 21 and 33 months, respectively.

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