Equity Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of assumptions used in the Monte Carlo simulation model

The weighted average fair value and assumptions used to value the pRSU awards granted with market-based performance conditions are as follows:

	Six Months Ended
	June 30, 2022			June 30, 2021
Performance share fair value	$	6.74		$	8.20
Risk-free interest rate		1.74	%		0.27	%
Expected volatility		30.48	%		25.71	%
Expected life (in years)		2.85			2.77
Expected dividend yield		9.82	%		8.13	%

Summary of the activity related to restricted stock

The following tables summarize the activity related to RSUs and pRSUs during 2022:

	Shares			Weighted Average Grant Date Fair Market Value
Unvested RSUs outstanding as of December 31, 2021		541,296
Granted		419,101		$	6.90
Vested		(109,355	)	$	9.50
Forfeited		(5,691	)	$	8.82
Unvested RSUs outstanding as of March 31, 2022		845,351
Granted		105,773		$	6.49
Vested		(71,036	)	$	10.52
Forfeited		(40,862	)	$	8.84
Unvested RSUs outstanding as of June 30, 2022		839,226

	Shares			Weighted Average Grant Date Fair Market Value
Unvested pRSUs outstanding as of December 31, 2021		56,978
Granted		276,679		$	6.74
Unvested pRSUs outstanding as of March 31, 2022		333,657
Forfeited		(39,084	)	$	7.35
Unvested pRSUs outstanding as of June 30, 2022		294,573