Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Fair Value of MRI EICP Options and Valuation Assumptions

The fair value of the MRI EICP options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions (no dividends were expected):

	Grant Date
Risk-free interest rate		0.5	%
Expected volatility		32.0	%
Expected option life (in years)		5.5
Grant-date fair value	$	3.44

Summary of Outstanding Activity of Options,Restricted Stock and Restricted Stock Units under MRI EICP

The following table summarizes the restricted shares, restricted stock units and options outstanding under the MRI EICP as of December 31, 2021:

	Restricted Shares					Restricted Stock Units					Options
	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Exercise Price
End of period—December 31, 2020		—		$	—		—		$	—		—	$	—
Beginning of period—January 1, 2021		—		$	—		—		$	—		—	$	—
Granted		3,869,827			10.40		29,304			11.38		950,214		11.38
Vested		(950,214	)		11.38		—			—		—		—
Forfeited		—			—		(1,320	)		11.38		—		—
Exercised		—			—		—			—		—		—
End of period—December 31, 2021		2,919,613		$	10.09		27,984		$	11.38		950,214	$	11.38

Summary of Outstanding Activity of Options and Restricted Stock under SAR Plan

The following table summarizes the options and restricted stock under the SAR Plan as of December 31, 2020:

	Options					Restricted Stock
	Number of Shares			Weighted Average Exercise Price		Number of Shares		Weighted Average Grant Date Fair Value
End of period—December 31, 2019		1,872,534		$	1.18		1,939,200	$	0.95
Beginning of period—January 1, 2020		1,872,534		$	1.18		1,939,200	$	0.95
Granted		924,779			0.90		—		—
Forfeited		(166,666	)		0.62		—		—
Exercised		(50,000	)		0.44		—		—
End of period—December 31, 2020		2,580,647		$	1.13		1,939,200	$	0.95
Vested and exercisable—December 31, 2020		50,000		$	0.56		1,939,200	$	0.95