LONG-TERM INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Assumptions in Fair Value of Stock Options Granted

Assumptions used in calculating the fair value of stock options granted are summarized below:

	2020
Valuation assumptions:
Risk-free interest rate		0.50	%
Expected volatility		31.15	%
Expected term (years)		6.0
Exercise price per stock option	$	1.71
Expected dividend yield	None

Restricted Stock and Phantom Stock Awards

A rollforward of restricted stock and phantom stock awards as of December 31, 2021 is as follows:

	Number of Restricted Stock and Phantom Stock Awards			Weighted Average Grant Date Fair Value ($)
Total non-vested at December 31, 2020		1,277,907			2.17
Granted		49,852			2.41
Vested		(454,159	)		2.61
Forfeited		—			—
Total non-vested at December 31, 2021		873,600			1.95