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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock-based Compensation Stock Options Activity
A summary of the transactions under the 2005 Plan for the nine months ended September 30, 2021 is as follows:
($ in thousands, except per share data)Number of
Options
Outstanding
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Outstanding, as of January 1, 2021100,000 $5.77 
Options granted— — 
Options exercised(40,000)1.60 
Options forfeited— — 
Options expired— — 
Outstanding, as of September 30, 2021
60,000 6.28 $241 
Fully vested and expected to vest60,000 6.28 241 
Vested60,000 $6.28 $241 
A summary of stock options outstanding under the 2010 Plan for the nine months ended September 30, 2021 is as follows:
($ in thousands, except per share data)Number of
Options
Outstanding
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Outstanding, as of January 1, 2021220,000 $7.75 
Options granted— — 
Options exercised(10,000)2.53 
Options forfeited— — 
Options expired— — 
Outstanding, as of September 30, 2021
210,000 8.00 $483 
Fully vested and expected to vest210,000 8.00 483 
Vested210,000 $8.00 $483 
Summary of Information Related to Stock Option Plan
Information related to the 2005 Plan for the periods indicated is as follows:
($ in thousands)Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Intrinsic value of options exercised$— $— $174 $370 
Cash received from option exercises$— $— $64 $63 
Tax benefit realized from option exercised$— $— $20 $17 
Information related to stock options exercised under the 2010 Plan for the periods indicated is as follows:
($ in thousands)Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Intrinsic value of options exercised$— $— $86 $608 
Cash received from option exercises$— $— $25 $242 
Tax benefit realized from option exercised$— $— $— $157 
Summary of Changes in Non-vested Restricted Stock Awards
A summary of the changes in the Company’s non-vested restricted stock awards under the 2010 Plan for the nine months ended September 30, 2021 is as follows:
($ in thousands, except share data)
Shares
Issued
Weighted
Average
Grant Date
Fair Value
Aggregate
Intrinsic
Value
Non-vested, as of January 1, 2021154,500 $11.66 
Awards granted— — 
Awards vested(128,500)12.34 
Awards forfeited(5,000)9.69 
Non-vested, as of September 30, 2021
21,000 $7.95 $216 
A summary of the changes in the Company’s non-vested restricted stock awards under the 2021 Plan for the nine months ended September 30, 2021 is as follows:
($ in thousands, except share data)
Shares
Issued
Weighted
Average
Grant Date
Fair Value
Aggregate
Intrinsic
Value
Non-vested, as of January 1, 2021— $— 
Awards granted176,793 9.90 
Awards vested(152)9.90 
Awards forfeited— — 
Non-vested, as of September 30, 2021
176,641 $9.90 $1,819 
Summary of Information Related to Non-vested Restricted Stock Awards
Information related to non-vested restricted stock awards under the 2010 Plan for the periods indicated follows:
 Three Months Ended September 30,Nine Months Ended September 30,
($ in thousands)2021202020212020
Tax benefit (provision) realized from awards vested$— $24 $(85)$21