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Shared-Based Compensation
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Shared-Based Compensation Share-Based Compensation
The following table lists the components of share-based compensation expense by type of award, which is recognized in the “Selling, general, and administrative expense” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). 
 Three Months Ended
September 30,		Nine Months Ended
September 30,
 2024202320242023
Restricted stock$507 $1,001 $1,626 $1,780 
Performance share units304 206 721 264 
Stock options— — — 14 
Share-based compensation expense$811 $1,207 $2,347 $2,058 
Restricted Stock
The following table presents the status of unvested restricted stock awards as of September 30, 2024, and activity during the nine months then ended.
Nonvested
Restricted
Shares		Weighted Average Grant-Date
Fair Value
Unvested at January 1, 20243,405 $1.41 
Granted660 4.25 
Vested(1,459)1.33 
Forfeited(221)2.13 
Unvested at September 30, 20242,385 $2.18 
During the nine months ended September 30, 2024, we granted 390,000 shares of restricted stock to non-executive directors, officers and certain other employees. The shares of these restricted stock awards vest pro-rata generally over three years for employees and over one year for non-executive directors. During the nine months ended September 30, 2024, we granted 270,000 shares of restricted stock to new executive officers as inducement awards, which vest pro-rata over five years.
Total grant date fair value of restricted stock that vested in the nine months ended September 30, 2024, was $1.9 million.
Performance Share Units
Performance Share Units (“PSUs”) are a form of long-term incentive compensation awarded to executive officers and certain other key employees designed to directly align the interests of employees to the interests of our stockholders, and to create long-term stockholder value. The following table presents the status of unvested PSUs as of September 30, 2024, and activity during the nine months then ended.
 Nonvested PSU AwardsWeighted Average Grant-Date
Fair Value
Nonvested at January 1, 20243,789 $1.29 
Granted590 3.71 
Forfeited(413)2.26 
Nonvested at September 30, 20243,966 $1.55 
During the nine months ended September 30, 2024, we granted 175,000 PSUs to certain executive officers, which vest, if at all, upon our achieving a specified relative total shareholder return, which will be measured against the total shareholder return of a specified index during the three-year performance period that ends December 31, 2026. During the nine months ended September 30, 2024, we granted 415,000 PSUs to new executive officers as inducement awards. These inducement awards cliff-vest after five years and are contingent on the Company’s stock price meeting specified thresholds.
We estimated the grant date fair value of the PSU awards using the Monte Carlo simulation model, as the total shareholder return metric and changes in stock price are considered market conditions under ASC Topic 718, Compensation – stock compensation.