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Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Equity Incentive Plan Transactions Transactions in connection with the Company’s Equity Incentive Plans during the years ended December 31 were as follows:

 

 

2021

 

 

2020

 

Director Stock Awards Granted

 

 

189,030

 

 

 

59,900

 

 

 

 

 

 

 

 

 

 

Restricted Stock Activity:

 

 

 

 

 

 

 

 

Outstanding as of the beginning of year

 

 

436,714

 

 

 

303,609

 

Granted

 

 

933,705

 

(1)

 

289,452

 

Vested

 

 

202,079

 

 

 

143,697

 

Forfeited

 

 

5,250

 

 

 

12,650

 

Outstanding as of the end of year

 

 

1,163,090

 

 

 

436,714

 

 

 

 

 

 

 

 

 

 

Stock Option Activity:

 

 

 

 

 

 

 

 

Outstanding as of the beginning of year

 

 

1,120,541

 

 

 

913,569

 

Granted

 

 

 

 

 

261,972

 

Exercised

 

 

 

 

 

 

Forfeited

 

 

59,184

 

(2)

 

55,000

 

Outstanding as of the end of year

 

 

1,061,357

 

 

 

1,120,541

 

 

 

(1)

Excludes 354,964 grants of performance-based stock units that are not considered outstanding until such time that they become probable to vest.

(2)

Forfeitures includes 71,684 options forfeited as of December 31, 2021, netted with an adjustment of 12,500 previously granted.

Schedule of Restricted Stock Transactions

During the year ended December 31, 2021, the number of shares and the weighted average grant price of restricted stock transactions were as follows:

 

 

 

Restricted Stock

 

 

 

Number of

Shares

 

 

Weight Average

Grant Price

 

Non-Vested as of December 31, 2020

 

 

436,714

 

 

$

11.60

 

Granted

 

 

933,705

 

 

 

5.45

 

Vested

 

 

202,079

 

 

 

5.26

 

Forfeited

 

 

5,250

 

 

 

5.72

 

Non-Vested as of December 31, 2021

 

 

1,163,090

 

 

 

6.62

 

Schedule of Stock Option Transactions

During the year ended December 31, 2021, the number of shares and the weighted average exercise price on stock option transactions were as follows:

 

 

 

Stock Options

 

 

 

Number of

Shares

 

 

Weight Average

Grant Price

 

Non-Vested as of December 31, 2020

 

 

1,120,541

 

 

$

12.49

 

Granted

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

Forfeited (2)

 

 

59,184

 

 

 

15.70

 

Non-Vested as of December 31, 2021

 

 

1,061,357

 

 

 

12.39

 

Exercisable as of December 31, 2021 (1)

 

 

896,566

 

 

 

12.74

 

 

(1)

The weighted average remaining contractual term is 6.7 years.

(2)

Forfeitures includes 71,684 options forfeited as of December 31, 2021, netted with an adjustment of 12,500 previously granted.