Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity

Summary of stock option activity

The following table summarizes stock option activity for the years ended December 31, 2021 and 2020 (shares and intrinsic values in thousands):

				Weighted-
				average
		Weighted-		remaining	Aggregate
	Number of	average exercise		contractual	intrinsic
	shares	price		term	value
Outstanding at December 31, 2019	3,855	$	11.72	6.1	$	12,101
Granted	80		10.05	6.0		—
Exercised	—		—	—		—
Forfeited	—		—	—		—
Expired	—		—	—		—
Outstanding at December 31, 2020	3,935	$	11.69	5.1	$	291
Granted	625		11.94	6.0		—
Exercised	(50)		10.20	—		—
Forfeited	(8)		14.00	—		—
Expired	(57)		14.55	—		—
Outstanding at December 31, 2021	4,445	$	11.69	4.8	$	—
Vested at December 31, 2021	3,415	$	11.65	3.7	$	—
Exercisable at December 31, 2021	3,415	$	11.65	3.7	$	—

Summary of restricted share activity

The following table summarizes restricted share activity for the years ended December 31, 2021 and 2020 (shares in thousands):

	Number of	Weighted-average
	shares	grant date fair value
Outstanding at December 31, 2019	592	$	12.32
Granted	163		9.59
Vested	(256)		12.65
Forfeited	—		—
Outstanding at December 31, 2020	499	$	11.26
Granted	647		11.79
Vested	(529)		11.25
Forfeited	(3)		12.56
Outstanding at December 31, 2021	614	$	11.79

Time Based Restricted Stock and Stock Option | Black Scholes Pricing Model

Stockholders' Equity

Schedule of valuation assumptions

	Year Ended		Year Ended
Black-Scholes Option Valuation Assumptions	December 31, 2021		December 31, 2020
Risk-free interest rate	0.94% – 1.29	%	0.42% – 0.50	%
Dividend yield	—		—
Volatility	37.3% – 40.7	%	44.2% – 46.1	%
Weighted-average expected term (years)	6.0		6.0