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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Activity

The table below presents a summary of activity under the 2009 Plan and the 2019 Plan, as of December 31, 2022, and changes during the year then ended:

(in thousands, except share and per share amounts)

 

Shares

 

 

Weighted-
Average
Exercise
Price Per Share

 

 

Weighted-
Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at January 1, 2022

 

 

1,227,838

 

 

$

8.18

 

 

 

 

 

 

 

Restricted stock unit grants

 

 

198,777

 

 

 

 

 

 

 

 

 

 

Exercised options

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock unit vesting

 

 

(332,889

)

 

 

 

 

 

 

 

 

 

Cancelled or forfeited restricted stock units and options

 

 

(36,046

)

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

1,057,680

 

 

$

8.17

 

 

 

3.6

 

 

$

2,517

 

Exercisable options at December 31, 2022

 

 

224,196

 

 

$

8.17

 

 

 

3.6

 

 

$

 

Summary of Valuation Data

The table below presents our valuation data:

(in thousands, except per share amounts)

 

2022

 

 

2021

 

Valuation Data:

 

 

 

 

 

 

Weighted-average fair value (per share)

 

$

3.62

 

 

$

9.96

 

Total stock-based compensation expense

 

$

1,821

 

 

$

1,710

 

Total income tax impact on provision

 

$

1,071

 

 

$

1,299

 

Summary of Outstanding RSU's by Vest Date

The table below presents our outstanding RSUs by vest date:

Vest Date

 

RSUs

 

January 1, 2023

 

 

8,196

 

April 30, 2023

 

 

45,268

 

March 31, 2024

 

 

193,686

 

March 31, 2026

 

 

468,825

 

March 31, 2027

 

 

117,509

 

 

 

 

833,484