Shareholders' Equity and Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

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:

	Year Ended
	December 31,
	2023			2022			2021
Type of Award	Shares	Weighted Average Grant Date Fair Value Per Share		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	281,761	$	14.74
Granted	74,017	11.27		71,216	15.60		40,027	19.02
Vested	(103,686)	15.03		(135,069)	15.49		(123,984)	15.28
Awards outstanding, end of period	104,282	$	12.61	133,951	$	15.22	197,804	$	15.27
Target RSUs: (1)
Awards outstanding, beginning of period	86,666	$	16.57	55,019	$	19.40	—	$	—
Granted	341,044	12.55		73,767	15.19		55,019	19.40
Vested	(33,213)	16.96		(42,120)	17.85		—	—
Awards outstanding, end of period	394,497	$	13.06	86,666	$	16.57	55,019	$	19.40
Target PSUs: (2)
Awards outstanding, beginning of period	201,284	$	16.60	110,040	$	19.04	—	$	—
Granted	160,277	11.97		147,542	14.83		110,040	19.04
Vested	(84,695)	19.04		(56,298)	16.73		—	—
Awards outstanding, end of period	276,866	$	13.17	201,284	$	16.60	110,040	$	19.04

(1)The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% if the recipient’s service-based vesting condition is not met to 100% if the service-based vesting condition is met.

(2)The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% to 200% based on the achievement of the performance goals defined in each grant award.

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

Total share-based compensation expense recognized by the Company for the year ended December 31, 2023 was $4.8 million compared to $4.4 million for the year ended December 31, 2022 and $2.5 million for the year

ended December 31, 2021. The following table discloses the Company’s remaining compensation expense related to stock awards it has granted as of December 31, 2023, which will be amortized over the period disclosed:

	December 31, 2023
($s in thousands)	Remaining Compensation Cost		WAVG Period of Recognition
Restricted stock	$	610	1.4 years
RSUs	3,341		2.5 years
PSUs	877		1.9 years
Total	$	4,828	2.2 years