Share-based Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

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

The weighted average assumptions used in the Monte Carlo simulation models are summarized in the following table:

	September 30, 2021		December 31, 2020
Closing share price	$12.76		$8.65
Expected dividend rate	3.8	%	—	%
Expected stock price volatility	31.9	%	49.8% - 91.5%
Risk-free interest rate	—	%	0.1% - 0.3%
Expected life (years)	0.25		1.0 - 4.0

The fair value of each grant for the reported periods is estimated on the date of grant using the Monte Carlo simulation model using the weighted average assumptions noted in the following table:

	Nine Months Ended September 30,
	2021		2020
Closing share price	$10.45		$13.09
Expected dividend rate	—	%	6.7	%
Expected stock price volatility	57.1	%	23.3	%
Risk-free interest rate	0.2	%	0.9	%
Expected life (years)	2.88		2.85