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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of total restricted shares granted
The following is a summary of the total restricted shares granted to the Company’s executive officers and employees with the related weighted average grant date fair value share prices for the years ended December 31, 2021, 2020 and 2019:
Restricted Stock Activity:
SharesWeighted Average Grant
Date Fair Value
Non-vested shares outstanding as of December 31, 2018383,930$22.98 
Granted111,09946.99 
Forfeited(52,892)31.02 
Vested(15,367)23.90 
Non-vested shares outstanding as of December 31, 2019426,77028.20 
Granted78,04160.11 
Forfeited(5,146)51.58 
Vested(295,936)21.07 
Non-vested shares outstanding as of December 31, 2020203,72950.19 
Granted99,56965.90 
Forfeited(776)59.29 
Vested(13,336)43.04 
Non-vested shares outstanding as of December 31, 2021289,186$55.90 
Vesting schedule of the total non-vested shares of restricted stock outstanding The following is a vesting schedule of the total non-vested shares of restricted stock outstanding as of December 31, 2021:
Non-vested Shares Vesting ScheduleNumber of Shares
202242,295
202345,973
202492,056
202557,540
202651,322
Thereafter
Total Non-vested Shares289,186
Schedule of certain information with respect to the Performance Share awards The following table summarizes certain information with respect to the Performance Share awards granted prior to January 1, 2019 (dollars in thousands):
Fair Value Performance Share PeriodMaximum Potential PayoutFair Value December 31, 2021Accrual December 31, 2021
Expense for the Year Ended December 31,
202120202019
January 1, 2018 - December 31, 2020$— $— $— $— $3,138 $3,208 
January 1, 2017 - December 31, 2019— — — — — 3,217 
Total$— $— $— $— $3,138 $6,425 
Schedule of certain information with respect to the Performance Share awards The following table summarizes certain information with respect to the Performance Share awards granted on or after January 1, 2019 (dollars in thousands):
Performance Share PeriodFair Value on Date of Grant
Expense for the Year Ended December 31,
202120202019
January 1, 2019 - December 31, 2021$4,829 $1,609 $1,610 $1,610 
January 1, 2020 - December 31, 20225,572 1,858 1,857 — 
January 1, 2021 - December 31, 20235,469 1,822 — — 
Total$15,870 $5,289 $3,467 $1,610 
Schedule of cash dividends paid or payable per share
The following table sets forth the cash dividends paid or payable per share during the years ended December 31, 2021 and 2020:
For the Three Months EndedSecurityDividend per
Share
Declaration DateRecord DateDate Paid
March 31, 2021Common stock$0.29 February 9, 2021March 26, 2021April 9, 2021
June 30, 2021Common stock$0.29 May 4, 2021June 30, 2021July 14, 2021
September 30, 2021Common stock$0.34 August 3, 2021October 1, 2021October 15, 2021
December 31, 2021Common stock$0.34 November 2, 2021December 15, 2021January 5, 2022
For the Three
Months Ended
SecurityDividend
per Share
Declaration DateRecord DateDate Paid
March 31, 2020Common stock$0.27 February 5, 2020March 27, 2020April 10, 2020
June 30, 2020Common stock$0.27 May 5, 2020June 30, 2020July 14, 2020
September 30, 2020Common stock$0.29 August 4, 2020October 2, 2020October 16, 2020
December 31, 2020Common stock$0.29 November 3, 2020December 15, 2020January 5, 2021