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Stock-Based Compensation  (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company has computed the fair value of all options granted using the Black-Scholes-Merton model during the nine months ended September 30, 2021 using the following assumptions:

			Nine Months Ended September 30,
			2021
Expected volatility			56.6% to 56.9%
Expected dividends			None
Expected term (years)			7
Risk-free rate			0.97% to 1.15%
Forfeiture rate			5%

Share-based Payment Arrangement, Option, Activity

The information below summarizes the stock options activity for the nine months ended September 30, 2022:

			Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)
Outstanding at December 31, 2021			595,089						$	9.72					5.9
Granted			—						—
Exercised			(41,865)						8.65
Forfeited			(11,538)						24.40
Expired			(2,148)						23.34
Outstanding at September 30, 2022			539,538						$	9.43					5.0
Exercisable at September 30, 2022			447,457						$	6.45					4.5

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The information below summarizes the restricted stock activity for the nine months ended September 30, 2022:

Restricted Stock Awards						Shares						Weighted Average Grant-Date Fair Value per Award
Non-vested at December 31, 2021						27,720						$	28.51
Granted						68,125						29.47
Vested						(15,055)						30.64
Forfeited						(5,586)						28.92
Non-vested at September 30, 2022						75,204						$	28.92

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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