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Accounting for Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

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

The weighted-average assumptions used in the Black-Scholes option-pricing model and weighted-average grant date fair value for options granted in 2020 are as follows:

			Grant Date
			February 5, 2020						June 30, 2020
Weighted-average assumptions used:
Expected volatility			35.1		%				38.7		%
Dividend yield			1.79		%				1.89		%
Risk-free interest rate			1.66		%				0.64		%
Expected term, in years			10						10
Weighted-average grant date fair value			$	4.53					$	2.59

Schedule of Activity in the Company’s Stock Option Plans

A summary of activity for the 2011 Plan is as follows:

			Weighted Average Exercise Price						Options Outstanding						Weighted Average Contractual Term (in years)						Intrinsic Value of Options
December 31, 2019			$	14.26					55,468						3.8						$	18,331
Granted February 5, 2020			13.00						123,500
Granted June 30, 2020			7.33						20,000
Exercised			—						—
Canceled, forfeited, or expired			13.14						(19,437)
December 31, 2020			$	12.74					179,531						7.2						$	9,402
Exercised			12.71						(13,174)
Canceled, forfeited, or expired			13.33						(22,529)
December 31, 2021			$	13.04					143,828						6.0						$	487,011
Exercisable options			$	13.05					129,163						5.8						$	436,637
Options expected to vest:			Weighted Average Exercise Price						Options Outstanding						Weighted Average Contractual Term (in years)						Grant Date Fair Value
December 31, 2019			$	16.01					3,723						5.1						$	6.11
Granted February 5, 2020			13.00						123,500												4.53
Granted June 30, 2020			7.33						20,000												2.59
Vested			13.24						(34,786)												4.68
Canceled, forfeited, or expired			13.14						(19,437)												4.62
December 31, 2020			$	11.78					93,000						9.2						$	5.53
Vested			10.83						(55,806)												3.72
Canceled, forfeited, or expired			13.33						(22,529)												4.80
December 31, 2021			$	13.00					14,665						8.1						$	4.99

Schedule of Stock Options by Exercise Price Range

The following table summarizes information about stock options outstanding as of December 31, 2021:

Range of Exercise Prices						Outstanding Stock Options																		Exercisable Stock Options
						Shares						Weighted Average												Shares						Weighted Average Exercise Price
												Exercise Price						Remaining Contractual Life in Years
$	11.35					9,068						$	11.35					0.1						9,068						$	11.35
13.70						12,370						13.70						1.1						12,370						13.70
14.76						8,109						14.76						2.1						8,109						14.76
16.01						18,447						16.01						3.1						18,447						16.01
13.00						85,834						13.00						8.1						71,169						13.00
$	7.33					10,000						$	7.33					8.5						10,000						$	7.33
						143,828																		129,163

Schedule of Stock Awards Plan Activity

A summary of plan activity for the 2015 Plan is as follows:

			Shares						Weighted Average Grant Date Fair Value
Outstanding December 31, 2019			100,775						$	13.28
Granted February 5, 2020			45,418						13.00
Granted November 10, 2020			50,000						5.65
Vested			(81,233)						12.87
Forfeited			(17,535)						13.11
Outstanding December 31, 2020			97,425						$	11.97
Granted February 10, 2021			15,181						8.57
Granted October 28, 2021			6,751						11.11
Granted November 15, 2021			751						13.32
Vested			(64,398)						9.25
Forfeited			(12,129)						10.54
Outstanding December 31, 2021			43,581						$	9.82

A summary of the status of our inducement stock awards as of December 31, 2021, and changes during fiscal 2021, were as follows:

			Units						Weighted-Average Grant Date Fair Value
Outstanding December 31, 2020			—						$	—
Granted			53,696						6.35
Vested			(12,516)						2.35
Forfeited/Canceled			(10,324)						5.96
Outstanding December 31, 2021			30,856						$	8.11

Schedule of Nonvested Performance- based Units Activity

A summary of the status of our performance-based restricted stock awards as of December 31, 2021, and changes during fiscal 2021, were as follows:

			Units						Weighted-Average Grant Date Fair Value
Outstanding December 31, 2019			77,986						$	13.66
Granted1			36,647						13.00
Vested2			(64,711)						13.21
Forfeited			(20,558)						13.73
Outstanding December 31, 2020			29,364						$	13.76
Granted3			90,000						0.69
Vested			(116,260)						3.66
Forfeited			(3,104)						12.99
Outstanding December 31, 2021			—						$	—

1 Contingent shares granted excluded from 2020

2 Excludes the vesting of an additional 5,074 shares due to performance conditions of the awards exceeding target.

3 Contingent shares granted in prior year included in 2021

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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.

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