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Equity Plan Awards (Tables)

12 Months Ended

Dec. 31, 2024

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

The below tables illustrate the Company’s stock-based compensation, unamortized stock-based compensation, and remaining weighted average period for the years ended December 31, 2024, 2023 and 2022. This projected expense will change if any stock options and restricted stock are granted or cancelled prior to the respective reporting periods, or if there are any changes required to be made for estimated forfeitures.

		Stock-Based Compensation				Unamortized Stock-Based Compensation				Remaining Weighted Average Period (years)
December 31, 2024
Options		$	314			$	686				2.1
Restricted Stock			2,499				2,595				2.1
Unrestricted Stock			596				270				0.4
Performance-Based Restricted Stock			1,003				909				2.0
Total		$	4,412			$	4,460
December 31, 2023
Restricted Stock		$	4,830			$	6,593				1.8
Unrestricted Stock			520				217				0.4
Performance-Based Restricted Stock			788				2,500				1.8
Total		$	6,138			$	9,310
December 31, 2022
Restricted Stock		$	4,407			$	6,585				1.8
Unrestricted Stock			499				217				0.4
Performance-Based Restricted Stock			778				2,441				1.8
Total		$	5,684			$	9,243

Summary of Option Activity

Activity of the incentive stock option plans:

		Number of Shares				Weighted Average Exercise Price Per Share
Balance outstanding, January 1, 2022			108,036			$	11.49
Options exercised			(39,140	)			11.49
Balance outstanding, December 31, 2022			68,896			$	11.49
Options exercised			(4,024	)			11.49
Balance outstanding, December 31, 2023			64,872			$	11.49
Options granted			253,853				10.28
Options exercised			—				—
Options expired			(64,872	)			11.49
Balance outstanding, December 31, 2024			253,853			$	10.28

Performance Based Stock Options

Summary of Option Activity

Activity of the performance incentive stock option plan:

		Number of Shares				Weighted Average Exercise Price Per Share
Balance outstanding, January 1, 2022			81,808			$	11.49
Options exercised			—				11.49
Balance outstanding, December 31, 2023			81,808			$	11.49
Options granted			337,542				10.28
Options expired			(81,808	)			11.49
Options forfeited			(166,884	)			10.28
Balance outstanding, December 31, 2024			170,658			$	10.28

Restricted and Unrestricted Stock

Summary of Non-Vested Shares

A summary of nonvested restricted and unrestricted stock is presented below:

		2024								2023								2022
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at January 1st			686,185			$	21.24				742,050			$	18.86				817,290			$	17.04
Granted			238,585				7.65				306,515				20.31				256,417				23.53
Vested			(348,934	)			17.65				(319,751	)			14.90				(262,521	)			17.84
Forfeited			(144,611	)			19.55				(42,629	)			20.61				(69,136	)			18.58
Nonvested shares at December 31st			431,225			$	17.20				686,185			$	21.24				742,050			$	18.86

The total grant-date fair value of stocks vested during the years ended December 31, 2024, 2023, and 2022 were $6,158, $4,763, and $4,685, respectively.

Performance Based Restricted Stock

Summary of Non-Vested Shares

A summary of nonvested performance-based stock is presented below:

		December 31, 2024								December 31, 2023								December 31, 2022
		Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value				Number of Shares				Weighted Average Grant Date Fair Value
Nonvested shares at January 1st			263,325			$	21.37				318,699			$	18.05				379,061			$	16.43
Granted			177,010				2.13				94,028				21.51				83,190				23.63
Change based on performance achievement			(49,806	)			19.81				(58,827	)			14.73				(68,484	)			16.87
Vested			(80,570	)			21.51				(86,188	)			13.99				(51,308	)			17.09
Forfeited			(58,331	)			22.23				(4,387	)			17.67				(23,760	)			17.21
Nonvested shares at December 31st			251,628			$	7.90				263,325			$	21.37				318,699			$	18.05

The total grant-date fair value of stocks vested during the years ended December 31, 2024, 2023, and 2022 were $1,733, $1,206, and $877, respectively.

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