Shareholders' Equity and Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The following tables present a rollforward of share-based awards for the periods indicated:


	Nine Months Ended
	September 30,
	2023			2022
Type of Award	Shares	Weighted Average Grant Date Fair Value Per Share		Shares	Weighted Average Grant Date Fair Value Per Share
Restricted stock:
Awards outstanding, beginning of period	133,951	$	15.22	197,804	$	15.27
Granted	74,017	11.27		71,216	15.60
Vested	(36,573)	16.75		(135,069)	15.49

Awards outstanding, end of period	171,395	$	13.19	133,951	$	15.22

RSUs:
Awards outstanding, beginning of period	86,666	$	16.57	55,019	$	19.40
Granted	341,044	12.55		73,767	15.19
Vested	(33,213)	16.96		(42,120)	17.85
Awards outstanding, end of period	394,497	$	13.06	86,666	$	16.57

PSUs:
Awards outstanding, beginning of period	201,284	$	16.60	110,040	$	19.40
Granted	160,277	11.97		147,542	15.19
Vested	—	—		(56,298)	17.09
Awards outstanding, end of period	361,561	$	14.55	201,284	$	16.96

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

Total share-based compensation expense recognized by the Company for the three and nine months ended September 30, 2023 was $1,460 and $3,600 compared to $2,158 and $4,031 for the three and nine months ended September 30, 2022. The following table discloses the Company’s remaining compensation expense related to stock awards it has granted as of September 30, 2023, which will be amortized over the period disclosed:


	September 30, 2023
	Remaining Compensation Cost		WAVG Period of Recognition
Restricted stock	$	838	1.5 years
RSUs	3,922		2.6 years
PSUs	1,302		1.7 years
Total	$	6,062	2.2 years