Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Schedule of Cash Dividends Declared

The following table details our cash dividends declared and paid in 2022 through the date hereof:

					(Dollars in thousands)
Declaration Date	Record Date	Payment Date	Per Share Amount		Total Declared(1)
February 16, 2022	March 16, 2022	March 30, 2022	$	0.3125	$	6,513
April 27, 2022	May 25, 2022	June 24, 2022	0.3125		6,357
Total			$	0.6250	$	12,870

(1) The total declared reflects the cash dividends declared in relation to common stock, deferred stock units ("DSUs") and unvested RSUs.

Schedule of Basic and Diluted Net Loss Per Common Shares

The components of basic and diluted net (loss) per common share were as follows for the periods stated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands, except for share and per share amounts)	2022		2021		2022		2021
Numerator:
Net income (loss)	$	1,924	$	(719)	$	(5,290)	$	(3,016)
Denominator:
Basic weighted average common shares outstanding	19,693,659		19,395,364		19,645,680		19,335,081
Diluted weighted average common shares outstanding	19,807,430		19,395,364		19,645,680		19,335,081
Basic and diluted net income (loss) per common share	$	0.10	$	(0.04)	$	(0.27)	$	(0.16)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

For the three and six months ended June 30, 2022, and 2021 the following securities were excluded from the calculation of diluted shares outstanding as the effect would have been anti-dilutive:

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2022	2021	2022	2021
Restricted stock units	—	181,592	277,381	318,248

Schedule of Activities Under Equity Plan

The following table summarizes the activities under the Equity Plans from January 1, 2022, through June 30, 2022:

	Activity
Total equity securities available at January 1, 2022	990,129
RSU, DSU, and restricted stock awarded to eligible employees, net of forfeitures	(319,418)
Total equity securities available at June 30, 2022	670,711

The following table summarizes the activities under the ESPP from January 1, 2022, through June 30, 2022:

	Activity
Total ESPP equity securities available at January 1, 2022	133,184
ESPP common stock purchased by eligible employees	—
Total ESPP securities available at June 30, 2022	133,184

Summary of Outstanding RSUs

The following table details activities with respect to outstanding RSUs, DSUs, and restricted stock under the Equity Plans for the six months ended June 30, 2022:

	Shares	Weighted- Average Grant Date Fair Value
Unvested at January 1, 2022	771,171	$	11.24
Granted	454,429	8.65
Vested	(26,850)	10.80
Forfeited	(135,011)	11.27
Unvested at June 30, 2022	1,063,739	$	10.14

Schedule of Stock Based Compensation Expense

The following table reflects the items for stock-based compensation expense in the Condensed Consolidated Statements of Operations for the periods stated:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(Dollars in thousands)	2022		2021		2022		2021
Performance-based RSUs	$	383	$	182	$	843	$	755
Time-based RSUs, DSUs and restricted stock	578		958		1,233		1,981
Equity in lieu of salary	—		618		—		1,240
ESPP	—		23		—		44
Total stock-based compensation	$	961	$	1,781	$	2,076	$	4,020