Share-Based Compensation (Tables)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
	2024		2023		2024		2023
	(in thousands)
Grants:
Restricted share units		—		—		182		172
Performance share units		—		—		140		166
		—		—		322		338
Grant date fair value:
Restricted share units	$	—	$	—	$	2,605	$	2,212
Performance share units		—		—		2,007		2,088
	$	—	$	—	$	4,612	$	4,300
Vestings:
Restricted share units		—		—		164		140
Performance share units (1)		—		—		203		48
		—		—		367		188
Forfeitures:
Restricted share units		—		—		3		6
Performance share units		—		—		4		—
		—		—		7		6
Compensation expense relating to share-based grants	$	816	$	1,420	$	3,008	$	3,421

(1)The actual number of performance-based restricted share units (“RSUs”) that vested during the nine months ended September 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

	September 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