Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company has computed the fair value of all options granted using the Black-Scholes-Merton model during the nine months ended September 30, 2021 and 2020, using the following assumptions:

	Nine Months Ended September 30,
	2021	2020
Expected volatility	56.6% to 56.9%	53% to 58%
Expected dividends	None	None
Expected term (years)	7	7
Risk-free rate	0.97% to 1.15%	0.42% to 1.65%

Schedule of Share-based Payment Arrangement, Option, Activity

The information below summarizes the stock options activity for the nine months ended September 30, 2021:

	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Outstanding at December 31, 2020	835,601	$	6.65	6.6
Granted	47,109	46.12
Exercised	(254,368)	5.82
Cancelled	(12,716)	24.09
Outstanding at September 30, 2021	615,626	$	9.66	6.2
Exercisable at September 30, 2021	398,276	$	5.04	5.2

Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The information below summarizes the restricted stock activity for the nine months ended September 30, 2021:

Restricted Stock Awards	Shares	Weighted Average Grant-Date Fair Value per Award
Non-vested at December 31, 2020	45,595	$	13.13
Granted	9,313	57.03
Vested	(26,143)	13.61
Cancelled	—	—
Non-vested at September 30, 2021	28,765	$	26.92