XML 51 R42.htm IDEA: XBRL DOCUMENT
v3.23.1

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Performance-Based Option Pricing Model | The following assumptions were used to determine the fair values as of the grant date:
| Three months ended March 31, 2022 |  |
| Black-Scholes |  |  |  |  |  |
Risk-free interest rate (%) | 1.62 |  |  |  |  |  |  |
Expected stock price volatility (%) | 67.75 | % |  |  |  |  |  |
Expected dividend yield | — |  |  |  |  |  |  |
Expected option life (in years) | 6 |  |  |  |  |  |
Fair value | $ | 7.27 |  |  |  |  |  |  |
Summary of the Weighted Average Fair Value of Stock Options Granted, the Total Intrinsic Value of Stock Options Exercised and the Fair Value of Options Vested | The following table summarizes the grant date fair value of stock options that vested during the periods presented:
|  | Three months ended March 31,
(in thousands, except per share data) |  | 2023 |  | 2022
Weighted average grant date fair value of stock options granted per share |  | $ | — |  |  | $ | 8.19 |
Intrinsic value of options exercised |  | — |  |  | — |
Grant date fair value of stock options that vested |  | 83 |  |  | 1,031 |
Summary of the Activity of the Entity's Stock Options | The following table summarizes the activity related to our stock options:
| Number of options |  | Weighted average exercise price |  | Weighted average contractual term (in years) |  | Aggregate intrinsic value (in thousands)
Outstanding as of December 31, 2022 | 745,277 |  |  | $ | 27.03 |  |  | 4.83 |  | $ | — |
Granted | — |  |  | — |  |  |  |  |
Forfeited | (500) |  |  | 32.64 |  |  |  |  |
Outstanding as of March 31, 2023 | 744,777 |  |  | 27.02 |  |  | 4.58 |  | — |
Exercisable as of March 31, 2023 | 549,289 |  |  | 25.26 |  |  | 3.99 |  | — |
Restricted Stock and Restricted Stock Units Activity | The following table summarizes the activity related to our restricted shares and restricted share units:
| Number of restricted shares and restricted share units
Outstanding as of December 31, 2022 | 755,006 |
Granted | 743,856 |
Issued | (136,293) |
Forfeited/canceled | (122,267) |
Outstanding as of March 31, 2023 | 1,240,302 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year. + 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)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + 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 (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration