XML 23 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Summary

Summary

Compensation

Compensation

Average Summary

Value of Initial

    

Compensation

Compensation

Actually

Actually

Compensation Table Total

Average Compensation

Fixed $100 Investment

Table Total for

Table Total for

Paid to

Paid to

Table Total for

Actually Paid

Based On: Total

Net Income

Year (1)

Lowe ($) (2)

Scheirman ($) (2)

Lowe ($) (3)

Scheirman ($) (3)

Non-PEO NEOs ($) (2)

for Non-PEO NEOs ($) (3)

Shareholder Return ($) (4)

(in thousands) ($)

2024

4,545,499

5,236,584

6,422,375

7,136,835

1,108,340

1,240,891

161

19,521

2023

-

6,072,567

-

5,292,252

1,663,181

1,489,262

103

23,985

2022

-

3,431,434

-

3,621,040

1,237,123

1,286,687

195

36,540

(1)The PEOs and NEOs for the applicable years were as follows:

2024: John Lowe served as the Company’s PEO beginning January 25, 2024 and Scott Scheirman served as the Company’s PEO through his January 25, 2024 retirement. The Company’s other NEOs during 2024 were: Jeff Hochstadt, Toni Thompson, Lane Dubin and Sarah Kilgore.

2023 and 2022: Scott Scheirman served as the Company’s PEO, and Lane Dubin and John Lowe served as NEOs, for the entirety of 2023 and 2022, respectively.

(2)Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Lowe and Mr. Scheirman, as applicable, and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year in the case of the other NEOs, including Mr. Lowe for 2023 and 2022.
(3)To calculate “Compensation Actually Paid” (“CAP”), adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Mr. Lowe, Mr. Scheirman and for the average of the other NEOs is set forth following the footnotes to this table.*
(4)Pursuant to rules of the SEC, the calculation assumes $100 was invested on December 31, 2021 in our common stock. Historic stock price performance is not necessarily indicative of future stock price performance.

*Compensation Actually Paid Adjustments (see FN 3 above)

Minus

Plus

Plus (Minus)

Plus

Plus (Minus)

Minus

Plus

Minus

Equals

Change in Fair

Value as of

Fair Value as

Vesting Date of

of Prior Fiscal

Fair Value at

Stock Option and

Year-End of

Fiscal Year-End

Change in Fair

Fair Value at

Stock Awards

Stock Option and

Changes in

Grant Date

of Outstanding

Value of

Vesting of Stock

Granted in

Stock Awards

Fair Value to

Fair Value of

and Unvested

Outstanding and

Option and Stock

Prior Fiscal Years

Granted in Prior

Reflect Excess

Stock Option

Stock Option

Unvested Stock

Awards Granted

for which Applicable

Fiscal Years that

Fair Value

Awards Made in

and Stock

and Stock

Option and Stock

in Fiscal Year

Vesting Conditions

Failed to Meet

Resulting from

Prior Fiscal Years

Summary

Awards Granted

Awards Granted

Awards Granted

that Vested

Were Satisfied

Applicable Vesting

Modifications to

that were Forfeited

Compensation Table

in Fiscal

in Fiscal

in Prior Fiscal

During Fiscal

During Fiscal

Conditions During

Stock Option and

During Current

Compensation

Year

Total ($) (a)

Year ($) (b)

Year ($) (c)

Years ($) (d)

Year ($) (e)

Year ($) (f)

Fiscal Year ($) (g)

Stock Awards ($) (h)

Fiscal Year ($)

Actually Paid ($)

John Lowe

2024

4,545,499

(3,102,679)

4,450,139

334,506

-

194,910

-

-

-

6,422,375

2023

-

-

-

-

-

-

-

-

-

-

2022

-

-

-

-

-

-

-

-

-

-

Scott Scheirman

2024

5,236,584

-

-

920,077

-

980,174

-

-

-

7,136,835

2023

6,072,567

(4,682,037)

3,421,712

-

-

(350,800)

-

830,810

-

5,292,252

2022

3,431,434

-

-

321,862

-

(132,256)

-

-

-

3,621,040

Average Other NEOs(i)

2024

1,108,340

(239,203)

188,815

130,325

-

96,271

-

80,844

(124,501)

1,240,891

2023

1,663,181

(897,743)

814,865

-

-

(91,041)

-

-

-

1,489,262

2022

1,237,123

-

-

83,413

-

(33,849)

-

-

-

1,286,687

(a)Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.
(b)Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(c)Represents the fair value at fiscal year-end of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(d)Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. 
(e)Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(f)Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes. 
(g)Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes. 
(h)Represents the incremental fair value associated with the modification of Mr. Scheirman’s LTIP awards in 2023 and Ms. Kilgore’s outstanding awards in connection with her separation.
(i)See footnote 1 above for the NEOs included in the average for each year.
   
Named Executive Officers, Footnote
(1)The PEOs and NEOs for the applicable years were as follows:

2024: John Lowe served as the Company’s PEO beginning January 25, 2024 and Scott Scheirman served as the Company’s PEO through his January 25, 2024 retirement. The Company’s other NEOs during 2024 were: Jeff Hochstadt, Toni Thompson, Lane Dubin and Sarah Kilgore.

2023 and 2022: Scott Scheirman served as the Company’s PEO, and Lane Dubin and John Lowe served as NEOs, for the entirety of 2023 and 2022, respectively.

   
Adjustment To PEO Compensation, Footnote
(2)Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Lowe and Mr. Scheirman, as applicable, and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year in the case of the other NEOs, including Mr. Lowe for 2023 and 2022.
(3)To calculate “Compensation Actually Paid” (“CAP”), adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Mr. Lowe, Mr. Scheirman and for the average of the other NEOs is set forth following the footnotes to this table.*

*Compensation Actually Paid Adjustments (see FN 3 above)

Minus

Plus

Plus (Minus)

Plus

Plus (Minus)

Minus

Plus

Minus

Equals

Change in Fair

Value as of

Fair Value as

Vesting Date of

of Prior Fiscal

Fair Value at

Stock Option and

Year-End of

Fiscal Year-End

Change in Fair

Fair Value at

Stock Awards

Stock Option and

Changes in

Grant Date

of Outstanding

Value of

Vesting of Stock

Granted in

Stock Awards

Fair Value to

Fair Value of

and Unvested

Outstanding and

Option and Stock

Prior Fiscal Years

Granted in Prior

Reflect Excess

Stock Option

Stock Option

Unvested Stock

Awards Granted

for which Applicable

Fiscal Years that

Fair Value

Awards Made in

and Stock

and Stock

Option and Stock

in Fiscal Year

Vesting Conditions

Failed to Meet

Resulting from

Prior Fiscal Years

Summary

Awards Granted

Awards Granted

Awards Granted

that Vested

Were Satisfied

Applicable Vesting

Modifications to

that were Forfeited

Compensation Table

in Fiscal

in Fiscal

in Prior Fiscal

During Fiscal

During Fiscal

Conditions During

Stock Option and

During Current

Compensation

Year

Total ($) (a)

Year ($) (b)

Year ($) (c)

Years ($) (d)

Year ($) (e)

Year ($) (f)

Fiscal Year ($) (g)

Stock Awards ($) (h)

Fiscal Year ($)

Actually Paid ($)

John Lowe

2024

4,545,499

(3,102,679)

4,450,139

334,506

-

194,910

-

-

-

6,422,375

2023

-

-

-

-

-

-

-

-

-

-

2022

-

-

-

-

-

-

-

-

-

-

Scott Scheirman

2024

5,236,584

-

-

920,077

-

980,174

-

-

-

7,136,835

2023

6,072,567

(4,682,037)

3,421,712

-

-

(350,800)

-

830,810

-

5,292,252

2022

3,431,434

-

-

321,862

-

(132,256)

-

-

-

3,621,040

Average Other NEOs(i)

2024

1,108,340

(239,203)

188,815

130,325

-

96,271

-

80,844

(124,501)

1,240,891

2023

1,663,181

(897,743)

814,865

-

-

(91,041)

-

-

-

1,489,262

2022

1,237,123

-

-

83,413

-

(33,849)

-

-

-

1,286,687

(a)Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.
(b)Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(c)Represents the fair value at fiscal year-end of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(d)Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. 
(e)Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(f)Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes. 
(g)Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes. 
(h)Represents the incremental fair value associated with the modification of Mr. Scheirman’s LTIP awards in 2023 and Ms. Kilgore’s outstanding awards in connection with her separation.
(i)See footnote 1 above for the NEOs included in the average for each year.
   
Non-PEO NEO Average Total Compensation Amount $ 1,108,340 $ 1,663,181 $ 1,237,123
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,240,891 1,489,262 1,286,687
Adjustment to Non-PEO NEO Compensation Footnote
(2)Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Lowe and Mr. Scheirman, as applicable, and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year in the case of the other NEOs, including Mr. Lowe for 2023 and 2022.
(3)To calculate “Compensation Actually Paid” (“CAP”), adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Mr. Lowe, Mr. Scheirman and for the average of the other NEOs is set forth following the footnotes to this table.*

*Compensation Actually Paid Adjustments (see FN 3 above)

Minus

Plus

Plus (Minus)

Plus

Plus (Minus)

Minus

Plus

Minus

Equals

Change in Fair

Value as of

Fair Value as

Vesting Date of

of Prior Fiscal

Fair Value at

Stock Option and

Year-End of

Fiscal Year-End

Change in Fair

Fair Value at

Stock Awards

Stock Option and

Changes in

Grant Date

of Outstanding

Value of

Vesting of Stock

Granted in

Stock Awards

Fair Value to

Fair Value of

and Unvested

Outstanding and

Option and Stock

Prior Fiscal Years

Granted in Prior

Reflect Excess

Stock Option

Stock Option

Unvested Stock

Awards Granted

for which Applicable

Fiscal Years that

Fair Value

Awards Made in

and Stock

and Stock

Option and Stock

in Fiscal Year

Vesting Conditions

Failed to Meet

Resulting from

Prior Fiscal Years

Summary

Awards Granted

Awards Granted

Awards Granted

that Vested

Were Satisfied

Applicable Vesting

Modifications to

that were Forfeited

Compensation Table

in Fiscal

in Fiscal

in Prior Fiscal

During Fiscal

During Fiscal

Conditions During

Stock Option and

During Current

Compensation

Year

Total ($) (a)

Year ($) (b)

Year ($) (c)

Years ($) (d)

Year ($) (e)

Year ($) (f)

Fiscal Year ($) (g)

Stock Awards ($) (h)

Fiscal Year ($)

Actually Paid ($)

John Lowe

2024

4,545,499

(3,102,679)

4,450,139

334,506

-

194,910

-

-

-

6,422,375

2023

-

-

-

-

-

-

-

-

-

-

2022

-

-

-

-

-

-

-

-

-

-

Scott Scheirman

2024

5,236,584

-

-

920,077

-

980,174

-

-

-

7,136,835

2023

6,072,567

(4,682,037)

3,421,712

-

-

(350,800)

-

830,810

-

5,292,252

2022

3,431,434

-

-

321,862

-

(132,256)

-

-

-

3,621,040

Average Other NEOs(i)

2024

1,108,340

(239,203)

188,815

130,325

-

96,271

-

80,844

(124,501)

1,240,891

2023

1,663,181

(897,743)

814,865

-

-

(91,041)

-

-

-

1,489,262

2022

1,237,123

-

-

83,413

-

(33,849)

-

-

-

1,286,687

(a)Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.
(b)Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(c)Represents the fair value at fiscal year-end of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(d)Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year. 
(e)Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(f)Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes. 
(g)Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes. 
(h)Represents the incremental fair value associated with the modification of Mr. Scheirman’s LTIP awards in 2023 and Ms. Kilgore’s outstanding awards in connection with her separation.
(i)See footnote 1 above for the NEOs included in the average for each year.
   
Compensation Actually Paid vs. Total Shareholder Return

Graphic

   
Compensation Actually Paid vs. Net Income

Graphic

   
Total Shareholder Return Amount $ 161 103 195
Net Income (Loss) $ 19,521,000 23,985,000 36,540,000
PEO Name John Lowe    
John Lowe      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 4,545,499    
PEO Actually Paid Compensation Amount 6,422,375    
Scott Scheirman      
Pay vs Performance Disclosure      
PEO Total Compensation Amount 5,236,584 6,072,567 3,431,434
PEO Actually Paid Compensation Amount 7,136,835 5,292,252 3,621,040
PEO | John Lowe | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (3,102,679)    
PEO | John Lowe | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,450,139    
PEO | John Lowe | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 334,506    
PEO | John Lowe | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 194,910    
PEO | Scott Scheirman | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (4,682,037)  
PEO | Scott Scheirman | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   3,421,712  
PEO | Scott Scheirman | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 920,077   321,862
PEO | Scott Scheirman | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 980,174 (350,800) (132,256)
PEO | Scott Scheirman | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   830,810  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (239,203) (897,743)  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 188,815 814,865  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 130,325   83,413
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 96,271 $ (91,041) $ (33,849)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 80,844    
Non-PEO NEO | Awards Made In Prior Fiscal Yeras That Were Forfeited During Current Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (124,501)