Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Share-Based Compensation Activity

The following table summarizes the Company’s share-based compensation activity:

	Quarter ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
	(in thousands)
Grants:
Restricted share units		6		7		182		172
Performance share units		—		43		140		166
		6		50		322		338
Grant date fair value:
Restricted share units	$	83	$	78	$	2,605	$	2,212
Performance share units		—		507		2,007		2,088
	$	83	$	585	$	4,612	$	4,300
Vestings:
Restricted share units		15		11		164		140
Performance share units (1)		—		—		203		48
		15		11		367		188
Forfeitures:
Restricted share units		3		6		3		6
Performance share units		4		—		4		—
		7		6		7		6
Compensation expense relating to share-based grants	$	827	$	845	$	2,192	$	2,001

(1)The actual number of performance-based restricted share units (“RSUs”) that vested during the six months ended June 30, 2024 was 203,110 Common Shares, which is approximately 140% of the originally granted performance-based RSUs.

Summary of Restricted Share Units and Performance Share Units Expected to Vest

	June 30, 2024
	Restricted share units		Performance share units
Shares expected to vest:
Number of restricted shares units (in thousands)		265		251
Grant date average fair value per unit	$	14.10	$	14.04