Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity Under Company's Plans

A summary of the stock option activity under the Company’s plans for the six months ended June 30, 2022 is presented below:

Six Month Activity	Options Outstanding		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term in Years		Aggregate Intrinsic Value(1)
Options outstanding at December 31, 2021		125,000	$	25.49		—		—
Granted		22,500		74.70		—		—
Exercised		—		—		—		—
Forfeited		—		—		—		—
Cancelled		—		—		—		—
Options outstanding at June 30, 2022		147,500	$	33.00		6.47	$	5,053
Options exercisable at June 30, 2022		125,000	$	25.49		5.85	$	5,053
Options vested or expected to vest at June 30, 2022		145,798	$	32.52		6.43	$	5,053

(1) The aggregate intrinsic value was calculated based on the positive difference between the fair value of the Company’s common stock on June 30, 2022 of $65.72 per share and the exercise price of the underlying options.

Summary of Restricted Stock Unit Activity Under Company's Plans

Restricted stock units are valued at the market price of a share of the Company’s common stock on the date of the grant. A summary of the restricted stock unit activity under the Company’s plans for the six months ended June 30, 2022 is presented below:

Year-to-Date Activity	Shares			Weighted- Average Grant Date Fair Value Per Share		Aggregate Intrinsic Value
Nonvested outstanding at December 31, 2021		1,609,350		$	54.45		—
Granted		124,932			78.09		—
Vested		(154,933	)		73.54		—
Forfeited		(31,750	)		73.39		—
Nonvested outstanding at June 30, 2022		1,547,599		$	54.06	$	101,708

Schedule of Employee Stock Purchase Plan (ESPP)

For the three and six months ended June 30, 2022, no offering periods had commenced under the ESPP.