9. Equity-Based Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2020

Retirement Benefits [Abstract]

Schedule of stock-based awards granted

Stock-based award grant activity for the periods presented was as follows:

	2020				2019
	Shares		Aggregate fair value (in thousands)		Shares		Aggregate fair value (in thousands)
Restricted stock awards with time-based service conditions		592,000	$	2,087		777,000	$	2,332
Restricted stock units with market-based service conditions		–		–		900,000		1,280
Restricted stock units with time-based service conditions		86,500		276		–		–
Total incentive awards granted		678,500	$	2,363		1,677,000	$	3,612

Schedule of stock option activity

The following table summarizes stock option activity for the Plans for the year ended December 31, 2020:

	Weighted-Average
	Options			Exercise Price		Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at December 31, 2019		326,000		$	4.38
Granted		–		$	–
Exercised		(14,000	)	$	3.60
Expired/forfeited		(2,000	)	$	3.99
Outstanding at December 31, 2020		310,000		$	4.41	2.2 years	$	–
Vested		298,000		$	4.44	2.1 years	$	–
Exercisable at December 31, 2020		298,000		$	4.44	2.1 years	$	–

Schedule of non-vested restricted stock activity

The following table summarizes non-vested restricted share activity for the year ended December 31, 2020:

	Nonvested Restricted Shares			Weighted Average Grant Date Fair Value
Nonvested restricted stock at December 31, 2019		476,000		$	–
Granted		592,000		$	3.52
Vested		(353,000	)	$	3.12
Canceled		(31,000	)	$	2.85
Nonvested restricted stock at December 31, 2020		684,000		$	3.38

Schedule of restricted stock activity

The following table summarizes restricted stock units activity for the year ended December 31, 2020:

	Nonvested Restricted Shares			Weighted Average Grant Date Fair Value
Nonvested restricted stock units at December 31, 2019		900,000		$	1.42
Granted		166,500		$	3.19
Vested		–		$	–
Canceled		(80,000	)	$	3.19
Nonvested restricted stock units at December 31, 2020		986,500		$	1.58
Vested restricted stock units at December 31, 2020		14,000		$	16.72

Schedule of share-based compensation expense

	2020		2019
	(in thousands)
Restricted stock awards with time-based service conditions	$	1,155	$	907
Restricted stock units awards with time-based service conditions		43		–
Restricted stock units with market-based vesting conditions		427		140
Stock options with time-based service vesting conditions		37		28
Total compensation expense	$	1,662	$	1,075