Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation Expense

Income tax benefit was as follows:

(in thousands)	For the Year Ended December 31,
	2021		2020
Current tax benefit
Federal	$	(418)	$	(2,299)
State	(17)		25
Foreign	—		13
Total current tax benefit	$	(435)	$	(2,261)
Deferred tax expense (benefit)
Federal	$	(106)	$	(1,710)
State	135		258
Total deferred tax expense (benefit)	29		(1,452)
Total tax benefit	$	(406)	$	(3,713)

The following table represents stock-based compensation expense and the related income tax benefits:

(in thousands)	For the Year Ended December 31,
	2021		2020
Stock-based compensation expense	$	394	$	607
Income tax benefit	$	74	$	104

Schedule of Fair Value Assumptions

The assumptions used for determining the fair value of the SARs included the following:

	For the Year Ended December 31,
	2021			2020
Market closing price of the Common Stock	$	—		$	4.83
Exercise price	$	—		$	4.83
Risk-free interest rate	—		%	1.8		%
Estimated price volatility	—		%	71.9		%
Expected term	0.00 years			7.00 years
Dividend yield	—		%	—		%
Weighted average fair value	$	—		$	3.28

Schedule of SAR Activity

SAR activity consisted of the following:

Number of Shares under SARs	Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2019	130,070	$	9.41	7.21	$	11
Granted	50,000	4.83			—
Exercised	—	—			—
Forfeited	—	—			—
Expired	(4,500)	11.25			—
Outstanding at December 31, 2020	175,570	8.06		7.04	—
Granted	—	4.83			—
Exercised	—	—			—
Forfeited	—	—			—
Expired	(45,050)	8.60			—
Outstanding at December 31, 2021	130,520	7.87		6.18	—
Exercisable at December 31, 2020	119,569	$	9.00	6.46	$	—
Exercisable at December 31, 2021	111,853	$	8.32	5.91	$	—

Schedule of Restricted Stock Activity

Restricted stock activity consisted of the following:

	Shares	Weighted-Average Grant Date Fair Value
December 31, 2019	65,686	$	18.58
Granted	12,500	4.49
Forfeited	—	—
Vested	(40,814)	12.92
Balance as of December 31, 2020	37,372	$	20.05
Granted	38,263	3.45
Forfeited	(1,503)	36.00
Vested	(40,886)	9.70
Balance as of December 31, 2021	33,246	$	12.96