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Stock-Based Compensation and Stock Awards (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of RSA Activity

The Company’s RSA activity and related information is presented below:

 

 

 

Restricted
Stock

 

 

Weighted-
average
Grant Date
Fair Value

 

Unvested at December 31, 2020

 

 

480,776

 

 

$

30.20

 

Granted

 

 

276,783

 

 

 

23.96

 

Vested

 

 

(265,840

)

 

 

32.21

 

Forfeited

 

 

(26,684

)

 

 

27.78

 

Unvested at December 31, 2021

 

 

465,035

 

 

$

25.48

 

Schedule of Valuation Assumptions

Assumptions used in the Monte Carlo simulation are as follows:

 

 

 

2021

 

 

2020

 

 

2019

 

Grant date

 

October 28, 2021

 

 

October 28, 2020

 

 

October 28, 2019

 

Performance period

 

October 1, 2021 to September 30, 2024

 

 

October 1, 2020 to September 30, 2023

 

 

October 1, 2019 to September 30, 2022

 

Volatility

 

56.1%

 

 

50.9%

 

 

38.8%

 

Risk-free interest rate

 

0.8%

 

 

0.2%

 

 

1.7%

 

Grant date price

 

$

23.54

 

 

$

23.86

 

 

$

44.53

 

Summary of PSA Activity

The Company’s Performance Unit activity and related information is presented below:

 

 

 

Number of
Performance
Units

 

 

Weighted
Average
Grant Date
Fair Value
Per Unit

 

Unvested balance at December 31, 2020

 

 

330,967

 

 

$

42.10

 

Granted

 

 

96,111

 

 

 

29.88

 

Vested

 

 

(166,693

)

 

 

45.52

 

Forfeited

 

 

(36,011

)

 

 

38.92

 

Unvested balance at December 31, 2021

 

 

224,374

 

 

$

34.83

 

Schedule of DSA Activity

The Company's DSA activity for the year ended December 31, 2021 is presented below:

 

 

 

DSA Number
of Shares

 

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Unvested balance at December 31, 2020

 

 

62,196

 

 

$

30.18

 

Granted

 

 

52,455

 

 

 

25.61

 

Vested

 

 

(43,865

)

 

 

29.94

 

Unvested balance at December 31, 2021

 

 

70,786

 

 

$

26.94

 

Schedule of Information for Stock Option Plans

Equity Compensation Plan Information

The following table summarizes information for equity compensation plans in effect as of December 31, 2021 :

 

 

 

Number of
securities to be
issued upon
exercise of
outstanding
options, warrants and rights
(1)

 

 

Weighted-
average
exercise
price of
outstanding
options, warrants and rights
(2)

 

 

Number of
securities
remaining
available for
future issuance
under equity
compensation
plan

 

Plan category

 

(a)

 

 

(b)

 

 

(c)

 

Equity compensation plans approved by stockholders

 

 

224,374

 

 

$

34.83

 

 

 

1,549,243

 

Total

 

 

224,374

 

 

$

34.83

 

 

 

1,549,243

 

 

(1)
Excludes 535,821 shares of unvested RSAs and DSAs, which were granted pursuant to the 2017 Plan and the 2004 Plan. Includes 224,,374 unvested Performance Units shown at 100% level of performance achievement.
(2)
The weighted average exercise price does not take into account 224,374 unvested Performance Units, which do not have an exercise price.