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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Company's Stock Option Activity

Following is a summary of the Company’s stock option activity for the three years ended December 31, 2022:

		Number of Options				Weighted Average Exercise Price
Outstanding at December 31, 2019			1,721,000			$	5.52
Granted			800,000				15.49
Exercised			(305,000	)			4.36
Cancelled / forfeited			(207,000	)			8.04
Outstanding at December 31, 2020			2,009,000				9.40
Granted			501,000				17.58
Exercised			(31,000	)			7.34
Cancelled / forfeited			(438,000	)			13.04
Outstanding at December 31, 2021			2,041,000				10.66
Granted			1,200,000				15.76
Exercised			(113,000	)			11.73
Cancelled / forfeited			(802,000	)			15.85
Outstanding at December 31, 2022			2,326,000			$	11.38

Summary of Information Regarding the Company's Outstanding and Exercisable Stock Options

The table below summarizes information regarding the Company’s outstanding and exercisable stock options as of December 31, 2022:

Range of Exercise Prices:		Options Outstanding				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price
$0.01 to $4.00			355,000				3.3			$	3.56
$4.01 to $8.00			581,000				5.8				6.83
$8.01 to $12.00			—				—				—
$12.01 to $16.00			1,149,000				8.8				14.81
$16.01 to $20.00			241,000				8.8				17.51
			2,326,000				7.2			$	11.38

Range of Exercise Prices:		Options Exercisable				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price
$0.01 to $4.00			355,000				3.3			$	3.56
$4.01 to $8.00			349,000				5.8				6.85
$8.01 to $12.00			—				—				—
$12.01 to $16.00			179,000				7.2				15.49
$16.01 to $20.00			68,000				8.7				17.52
			951,000				5.3			$	8.01

Summary of Assumptions with Respect to the Black-Scholes Option Pricing Model

		Years Ended December 31,
		2022				2021				2020
Stock option grants:
Weighted-average risk-free interest rate			2.7	%			0.6	%			1.4	%
Weighted-average dividend yield			0.0	%			0.0	%			0.0	%
Expected volatility			66.1	%			68.3	%			52.7	%
Expected term (in years)			3.6				3.8				3.9
Weighted-average fair value		$	7.83			$	8.85			$	6.36

Summary of Mastech's Restricted Stock Unit Activity

Following is a summary of Mastech’s restricted stock activity for the three years ended December 31, 2022:

		Years Ended December 31,
		2022				2021				2020
Beginning outstanding balance			25,059				30,843				33,285
Awarded			13,979				11,955				11,475
Released			(21,234	)			(17,739	)			(13,917	)
Forfeited			—				—				—
Ending outstanding balance			17,804				25,059				30,843

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

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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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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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