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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023:

		Number of Options				Weighted Average Exercise Price
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
Granted			205,000				10.14
Exercised			—				—
Cancelled / forfeited			(434,000	)			13.62
Outstanding at December 31, 2023			2,097,000			$	10.80

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, 2023:

Range of Exercise Prices:		Options Outstanding				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price
$0.01 to $4.00			355,000				2.3			$	3.56
$4.01 to $8.00			575,000				4.8				6.83
$8.01 to $12.00			105,000				9.8				8.82
$12.01 to $16.00			821,000				7.5				14.99
$16.01 to $20.00			241,000				7.8				17.51
			2,097,000				6.0			$	10.80

Range of Exercise Prices:		Options Exercisable				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price
$0.01 to $4.00			355,000				2.3			$	3.56
$4.01 to $8.00			491,000				4.8				6.84
$8.01 to $12.00			—				—				—
$12.01 to $16.00			335,000				6.4				15.42
$16.01 to $20.00			125,000				7.8				17.51
			1,306,000				4.8			$	9.17

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

		Years Ended December 31,
		2023				2022				2021
Stock option grants:
Weighted-average risk-free interest rate			4.0	%			2.7	%			0.6	%
Weighted-average dividend yield			0.0	%			0.0	%			0.0	%
Expected volatility			63.0	%			66.1	%			68.3	%
Expected term (in years)			3.7				3.6				3.8
Weighted-average fair value		$	5.01			$	7.83			$	8.85

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, 2023:

		Years Ended December 31,
		2023				2022				2021
Beginning outstanding balance			17,804				25,059				30,843
Awarded			19,924				13,979				11,955
Released			(17,804	)			(21,234	)			(17,739	)
Forfeited			—				—				—
Ending outstanding balance			19,924				17,804				25,059

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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 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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