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Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Stock Based Compensation, Unamortized Stock-Based Compensation and Remaining Weighted Average Period

The following tables illustrate the Company’s stock-based compensation (included in operating expenses in the condensed consolidated statements of operations), unamortized stock-based compensation, and remaining weighted average amortization period.

		Stock-Based Compensation for the Three months ended				Stock-Based Compensation for the Nine months ended				Unamortized Stock-Based Compensation				Remaining Weighted Average Period (years)
September 30, 2023
Restricted Stock		$	1,187			$	3,597			$	7,764				2.0
Unrestricted Stock			130				390				347				0.7
Performance-Based Restricted Stock			399				270				2,832				2.0
Total		$	1,716			$	4,257			$	10,943
September 30, 2022
Restricted Stock		$	1,184			$	3,257			$	8,010				2.0
Unrestricted Stock			130				369				347				0.7
Performance-Based Restricted Stock			246				770				3,093				1.9
Total		$	1,560			$	4,396			$	11,450

Incentive Stock Option Plans

Activity for the three- and nine-month periods ended September 30, 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
Options exercised			(1,287	)			11.49
Balance outstanding, June 30, 2023			66,072			$	11.49
Options exercised			(1,200	)			11.49
Balance outstanding, September 30, 2023			64,872			$	11.49

Activity for the three- and nine-month periods ended September 30, 2022:

		Number of Shares				Weighted Average Exercise Price Per Share
Balance outstanding, December 31, 2021 and March 31, 2022			108,036			$	11.49
Options exercised			(33,745	)			11.49
Balance outstanding, June 30, 2022			74,291			$	11.49
Options exercised			(1,541	)			11.49
Balance outstanding, September 30, 2022			72,750			$	11.49

Performance Based Stock Options

Incentive Stock Option Plans

Activity for the three- and nine-month periods ended September 30, 2023:

		Number of Shares				Weighted Average Exercise Price Per Share
Balance outstanding, December 31, 2022			81,808			$	11.49
Options exercised			—				—
Balance outstanding, March 31, June 30, and September 30, 2023			81,808			$	11.49

Activity for the three- and nine-month periods ended September 30, 2022:

		Number of Shares				Weighted Average Exercise Price Per Share
Balance outstanding, December 31, 2021 and March 31, 2022			114,658			$	11.49
Options exercised			(32,850	)			11.49
Balance outstanding, June 30 and September 30, 2022			81,808			$	11.49

Restricted and Unrestricted Stock

Summary of Non-Vested Shares

Time-Based Restricted and Unrestricted Stock — A summary of non-vested shares as of, and for, the three- and nine-month periods ended September 30, 2023, and 2022 is presented below:

		Three and Nine Months Ended September 30, 2023								Three and Nine Months Ended September 30, 2022
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			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 31st			734,554				18.86				563,101				16.93
Granted			279,419				21.17				242,067				23.79
Vested			(309,318	)			14.83				(27,482	)			22.35
Forfeited			(16,354	)			19.50				(14,070	)			18.53
Nonvested shares at June 30th			688,301				21.59				763,616				18.88
Granted			9,745				13.63				13,600				18.94
Vested			(3,666	)			16.79				(1,262	)			19.39
Forfeited			(15,080	)			21.70				(15,945	)			20.09
Nonvested shares at September 30th			679,300			$	21.50				760,009			$	18.86

Performance Based Restricted Stock

Summary of Non-Vested Shares

Performance-Based Restricted Stock — A summary of non-vested performance-based shares as of, and for, the three- and nine-month periods ended September 30, 2023, and 2022, respectively is presented below:

		Three and Nine Months Ended September 30, 2023								Three and Nine Months Ended September 30, 2022
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at December 31st			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 31st			318,699				18.05				252,195				16.17
Additional granted (forfeited) based on   performance achievement			(58,827	)			14.73				—				—
Granted			94,028				21.51				83,190				23.63
Vested			(86,188	)			13.99				—				—
Forfeited			(3,316	)			16.91				(7,829	)			17.50
Nonvested shares at June 30th			264,396				21.36				327,556				16.58
Forfeited			(466	)			20.03				(2,577	)			17.80
Nonvested shares at September 30th			263,930			$	21.36				324,979			$	16.57

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