XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 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 DateRecord DatePayment DatePer Share Amount
Total Declared(1)
    
February 16, 2022March 16, 2022March 30, 2022$0.3125 $6,513 
April 27, 2022May 25, 2022June 24, 20220.3125 6,357 
July 27, 2022August 17, 2022September 9, 20220.3125 6,461 
Total$0.9375 $19,331 
(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 income (loss) per common share were as follows for the periods stated:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
(in thousands, except for share and per share amounts)2022202120222021
Numerator:
Net income (loss)$2,920 $(2,494)$(2,370)$(5,510)
Denominator:
Basic weighted average common shares outstanding19,693,659 19,464,893 19,661,849 19,378,543 
Diluted weighted average common shares outstanding19,901,267 19,464,893 19,661,849 19,378,543 
Basic and diluted net income (loss) per common share$0.15 $(0.13)$(0.12)$(0.28)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
For the three and nine months ended September 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 September 30,For the Nine Months Ended September 30,
2022202120222021
Restricted stock units— 197,900 290,800 341,443 
Schedule of Activities Under Equity Plan
The following table summarizes the activities under the Equity Plans from January 1, 2022, through September 30, 2022:
 Activity
Total equity securities available at January 1, 2022990,129 
RSU, DSU, and restricted stock awarded to eligible employees, net of forfeitures(299,447)
Total equity securities available at September 30, 2022690,682 
The following table summarizes the activities under the ESPP from January 1, 2022, through September 30, 2022:
 Activity
Total ESPP equity securities available at January 1, 2022133,184 
ESPP common stock purchased by eligible employees— 
Total ESPP securities available at September 30, 2022133,184 
Summary of Outstanding RSUs
The following table details activities with respect to outstanding RSUs, DSUs, and restricted stock under the Equity Plans for the nine months ended September 30, 2022:
SharesWeighted
Average Grant
Date Fair Value
Unvested at January 1, 2022771,171 $11.24 
Granted454,429 8.65 
Vested(70,429)10.24 
Forfeited(154,982)10.96 
Unvested at September 30, 20221,000,189 $10.18 
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 September 30,For the Nine Months Ended September 30,
(Dollars in thousands)2022202120222021
Performance-based RSUs$362 $447 $1,205 $1,202 
Time-based RSUs, DSUs and restricted stock515 939 1,748 2,920 
Equity in lieu of salary— 607 — 1,847 
ESPP— 23 — 67 
Total stock-based compensation$877 $2,016 $2,953 $6,036